Pre-open movers
U.S. stock futures traded slightly lower in early pre-market trade on Thursday after the Dow Jones dropped by around 40 points in the previous session. US stocks saw a major surge earlier during the week, with the S&P 500 index recording its biggest two-session rise since 2020.
Russian gas giant Gazprom is resuming transportation of Russian gas to Italy via Austria, saying a necessary solution was reached with the Italian buyers for the gas flow.
Pre-open movers
U.S. stock futures traded lower in early pre-market trade on Wednesday after recording sharp gains in the previous session. The Dow Jones jumped by more than 800 points, while the Nasdaq Composite surged around 360 points on Tuesday. The S&P 500 also notched its biggest two-session surge since March 2020.
Since late August, China's strict zero-covid policy led to a full or partial lockdown of more than 70 cities. As a result, the demand for energy has fallen.
What Happened: Shenzhen, one of the world's busiest container port cities, continues to experience lockdowns.
With the SPDR S&P 500 (ARCA: SPY) down roughly 22.5% year-to-date, investors may want to turn to blue chip dividend kings. These stocks typically lose less of their value than other stocks in the S&P 500 and increase dividends for 50 consecutive years.