S&P 500, one of the benchmark indices of the US stock market, gave the signal of the bear market by seeing the process 20 percent behind the closing peak on January 3, in the processes last Friday. The index is currently 18.7 percent below its all-time high closing level.
Shares of VMWare rose 21.4 percent in the pre-opening period as news broke over the weekend that chip maker Broadcom Inc is in talks to acquire cloud service provider VMWare Inc. Broadcom shares fell 5.1%.
Fast-growing shares such as Apple Inc, Microsoft Corp, Alphabet Inc, Meta Platforms and Amazon.com rose 0.4 percent to 0.7 percent before the stock market open.
Dow Jones index futures contracts increased by 1.03 percent with the prestige of 16.05 TSI, while S&P 500 index futures contracts increased by 0.97 percent. Futures are up 0.57 percent daily after the 7-week decline in the Nasdaq 100 index.