Tech futures rise in premarket trading as SpaceX stock rockets overnight—and Wells Fargo’s ‘buy’ signal is triggered

Pre-market trading saw a surge in tech stocks, with SpaceX's stock soaring overnight. Additionally, Wells Fargo's "buy" signal was triggered, prompting retail traders to go against the prevailing bearish sentiment. The S&P 500 futures were up before the New York opening, with Nasdaq futures up 0.43% after SpaceX reported Q3 earnings that exceeded analysts' expectations.

Both SpaceX and Tesla experienced overnight gains, with SpaceX rising 8.86% post-market and Tesla increasing 1.42%. The S&P 500 saw a 0.24% rise this morning, following a 0.28% increase yesterday. In Europe, the Stoxx 600 rose 0.54% early on, while the U.K.'s FTSE 100 showed a slight 0.03% increase before lunch. Asian markets varied, with South Korea's KOSPI up 3.29%, Japan's Nikkei 225 up 0.85%, India's Nifty 50 down 0.66%, and China's CSI 300 down 0.97%. Oil prices were at $110 per barrel, and Bitcoin was trading at $83,346.