U.S. stock futures are little changed after major indexes fell on Monday. This was partly due to weakness in the tech sector. Nasdaq futures are ticking higher, while S&P 500 futures are pointing marginally lower.
The S&P 500 begins the week with a heavy focus on inflation. It's @KristenScholer with the Market Update. pic.twitter.com/Vs9gifBovP
— NYSE 🏛 (@NYSE) December 9, 2024
Investors are preparing to digest more earnings reports today. Bitcoin is slightly lower at around $97,000. Gold futures are 0.6% higher.
The NIFTY brand comprises over 405 indices as of 30th November 2024. These indices are used as benchmarks for the stock market and the economy. NIFTY is often referred to as the 'Stock of the Nation'.
Read the Coffee Table Book on NSE and Indian Capital Markets – 'The Journey of… pic.twitter.com/iVn9vGAsi2
— NSE India (@NSEIndia) December 9, 2024
Oil futures are 0.5% lower. Yields on the 10-year Treasury note are slightly higher at above 4.2%. GameStop shares are edging lower in premarket trading.
📉#Nifty closes around flat after declining for 2nd session
Here's how the markets panned out today!#Nifty #nifty50 #NiftyBank #Niftypsubank #StockMarketIndia #StockMarketUpdate #StockMarket #stockmarkets #stocks pic.twitter.com/i0lJitKNjX
— ET NOW (@ETNOWlive) December 10, 2024
This is ahead of the video game retailer’s third-quarter earnings report, released after markets close today. The report follows a surge in the stock last week. This was spurred by a cryptic social media post.
GameStop stock is not widely followed by Wall Street analysts. The one analyst tracked by Visible Alpha gives it a “Sell” rating and a $10 price target. This is well below the $27.93 price at which shares closed on Monday.
Oracle stock is sinking 6% in premarket trading.
Stock futures adjust amid mixed earnings
This is after the tech firm reported lower-than-expected quarterly earnings.
The cloud services giant’s shares hit record highs last week. It reported revenue of $14.06 billion, up 9% year-over-year but below Visible Alpha estimates. Net income of $3.15 billion or $1.10 per share was up from $2.5 billion or 89 cents per share a year earlier.
This beat estimates. However, adjusted earnings of $1.47 slightly missed expectations. European regulators are seeking more information from Alphabet’s Google.
This is about a secret advertising partnership the search giant had with Meta Platforms. The deal, which has since ended, possibly violated Google’s rules barring personalized ads to those under 18. Shares of both Alphabet and Meta Platforms are higher in premarket trading.
Taiwan Semiconductor Manufacturing Co. (TSMC) posted strong November sales. This indicates robust demand for AI-focused chips.
The company reported November sales of $8.48 billion. This was down 12% from October’s figures but up 32% year-over-year. U.S.-listed shares of TSMC, the world’s largest chipmaker, are falling about 1% in premarket trading.
However, they have almost doubled this year.
