5 Things to Know Before the Stock Market Opens
U.S. stock futures are lower, ending a week of losses after a post-election rally; shares of Domino’s Pizza (DPZ) and Poole Corporation (poolWarren Buffett’s Berkshire Hathaway shares rose in pre-market trading after filings showed (BRK.A; BRK.B) Shareholding Company; Applied Materials Corporation (huge) shares are falling after disappointing quarterly results; Samsung Electronics shares rise in South Korea on $7.2 billion buyback plan; and Palantir Technologies Inc (PLTR) shares are rising as its listing location shifts Nasdaq from New York Stock Exchange. Here’s what investors need to know today.
1. U.S. stock futures end the week lower
U.S. stock futures fell as the market looked to give back some of its gains from a post-election surge. Nasdaq Futures fell 0.8%, while S&P 500 Index Futures fell 0.5%, Dow Jones Industrial Average Futures fell 0.4%. All three indexes are set to end the week lower Last week’s record rally On the presidential election of Donald Trump. Markets slide Thursday The following comments are from Fed Chairman Jerome Powell said the central bank may slow its rate-cutting program if the economy remains strong.
2. Domino’s Pizza and Pool Corp. stock prices rise after Berkshire purchases shares
Warren Buffett’s Berkshire Hathaway (BRK.A; BRK.B) invested in Domino’s Pizza (DPZ) and pool supplier Pool Corp. (pool) in the third quarter, while continuing to reduce its long-term holdings in Apple (AAPL) and Bank of America (Buck). shares Dominoes rises 7% in pre-market trading Pool Corp.’s shares rose 6%. Shares of Apple and Bank of America each fell less than 1%. The moves, disclosed in a regulatory filing Thursday, show Buffett continues to Building Berkshire’s cash holdings.
3. Applied Materials shares fall on weak earnings and revenue outlook
Applied Materials’ stock (huge) fell 8% in pre-market trading after the report Profit falls short of expectations its fourth fiscal quarter. this semiconductor The equipment maker reported net income of $1.73 billion, or $2.09 a share, down from $2 billion, or $2.38 a share, last year and below the consensus estimate of analysts at Visible Alpha. Applied Materials also forecast first-quarter revenue of $7.15 billion, plus or minus $400 million, below the median market forecast.
4. Samsung shares rise on buyback plan
Samsung Electronics Its shares rose after it unveiled plans on Friday to buy back 10 trillion won ($7.2 billion) of shares next year. South Korea’s trade volume surges 7%. Samsung said it will buy 3 trillion won worth of stocks over the next three months starting on Monday. Its share price has fallen more than 30% this year memory chip Android phone makers and producers are struggling to catch up with their competitors during this period Artificial Intelligence (AI) Prosperity.
5. Palantir shares rise after listing on Nasdaq
Palantir Technologies (PLTR) shares rose nearly 3% in premarket trading after the analytics software provider said it would shift its listing to Ivory Coast. Nasdaq from New York Stock Exchange. The company, a favorite among retail investors, said it would move the listing of its Class A common stock to the Nasdaq Global Select Market, Trading will begin on November 26th. Its common shares will continue to trade under the symbol “PLTR.” “Following the transfer, Palantir expects to meet the eligibility requirements for the Nasdaq 100 Index,” Palantir said.