5 Things to Know Before the Stock Market Opens | Global News Avenue

U.S. stock futures little changed after hitting new highs following Donald Trump’s election as president; Bitcoin (Bitcoin USD) retreated after approaching $90,000 levels, while Marathon Digital owner MARA Holdings (Mara) and anti-riot platform (riot) is heading lower; Tesla (Tesla) shares fell in premarket trading on continued optimism about the company’s relationship with the president-elect and his artificial intelligence (AI) technology; Home Depot (HD) is rising after beating quarterly forecasts and raising its full-year outlook; Monsanto owner Bayer’s shares fell in German stocks after it cut its profit target due to weak grain prices. Here’s what investors need to know today.

1. U.S. stock futures little changed after post-election surge

U.S. stock futures little changed after major indexes reopened Strong trading session on Monday The record high follows the election of Donald Trump as president. yesterday, Dow Jones Industrial Average It rose more than 300 points and closed above 44,000 points. futures contract S&P 500 Index and Nasdaq It was also lower in early trade, following modest gains in the previous session.

2. Bitcoin pulls back, crypto stocks fall

Bitcoin (Bitcoin USD) recently traded 2% lower at around $87,000, dampening other cryptocurrency-related investments in pre-market trading. Coinbase Global (coin), Marathon Digital parent company MARA Holdings (Mara) and anti-riot platform (riot) were all lower, falling by 2.4%, 3.4% and 5% respectively. cryptocurrency Exchange Traded Funds (ETFs)such as iShares Bitcoin Trust (it will go) and Grayscale Bitcoin Trust (GBTC), little change.

3. Tesla shares fall after surging on CEO Musk’s relationship with Trump

Tesla stock (Tesla) fell 1% in pre-market trading Soared nearly 9% The price reached $350 in the previous session. The electric vehicle (EV) maker continues to soar on CEO enthusiasm Elon MuskAs an adviser to President-elect Donald Trump, he has close ties to the incoming administration. Yesterday, Wedbush analysts raised their price target on Tesla from $300 to $400, estimating that autonomous vehicles and Artificial Intelligence (AI) It will bring an opportunity worth US$1 trillion to the company.

4. Home Depot shares rise after sales outlook improves

Home Depot (HD) shares rose 1.5% in pre-market trading Retailers report better-than-expected results It raised its sales forecast for the third quarter and also raised its sales forecast for 2024. The company reported quarterly profit of $3.65 billion on revenue of $40.22 billion, beating analysts’ expectations polled by Visible Alpha. Home Depot also raised its forecast for revenue growth for the current fiscal year to about 3.5% to 4% from the previous 2.5%, while also adjusting its guidance. Comparable store salesthey are now expected to be down 2.5% from last year, instead of down 3% to 4%.

5. Bayer’s stock price plummeted after lowering its full-year profit target

Bayer Group shares fall 11% in German trading Lowered full-year profit target In a challenging agricultural market. Monsanto parent company says it now expects 2024 Earnings before interest, taxes, depreciation and amortization Expenses before special items were 10.4 billion euros ($11.05 billion) to 10.7 billion euros ($11.37 billion), down from the previous range of 10.7 billion euros to 11.3 billion euros. The agriculture sector has been hit by bumper corn harvests in Latin America and bumper crop harvests in the United States, factors that have weighed on grain prices this year. Produce trader Archer Daniels MidlandADM) last week cut 2024 Earnings per share (EPS) Looking ahead, the reason is continued headwinds from slowing market demand.