The stock market is about to open at 9:30, but futures have been spiking since around 8:45.
Right now, S&P 500 futures are up 0.6% trading around 1646.
Treasuries are rallying as well. Right now, the yield on the 10-year Treasury note is 1 basis point lower from yesterday's close at 2.63%.
The chart below shows the jump in stock futures this morning.
Thinkorswim