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

Investors are awaiting today’s release Personal consumption expenditures (PCE) The October inflation report is expected to show rising price pressures; U.S. stock futures were little changed as investors awaited economic data and the Thanksgiving holiday; Dell (Dell) Shares tumbled in premarket trading after the computer maker’s quarterly revenue fell short of expectations; Mass Strike (Add, delete, modify and check) shares lower after unexpected losses; HP (HPQShares of the PC and printing company fell after the company’s profit forecast for the current quarter fell short of analysts’ expectations. Here’s what investors need to know today.

1. PCE inflation data rose in October

Economists expect the PCE report due today at 10 a.m. ET to May show annual inflation rising Growth in October was 2.3%, according to economists’ survey Dow Jones Newswires and wall street journal. A 2.1% increase in September will keep inflation at Fedtarget, which could complicate the central bank’s plans Gradually lower interest rates As price pressure eases. “Core” inflation, which excludes food and energy price swings, is expected to rise 2.8% for the full year, up from 2.7% in September.

2. U.S. stock futures changed little before the Thanksgiving holiday

Stock futures were little changed as investors awaited economic data and braced Market closed on Thanksgiving Day tomorrow. after Dow Jones Industrial Average set another Set a new closing high on the previous trading dayfutures for the index were flat, while Nasdaq and S&P 500 IndexPrices closed slightly lower on Tuesday after hitting a new high. In addition to inflation reports, investors also focus on Observe updated data in the third quarter Gross Domestic Product (GDP)Pending Home Sales and Business Inventory. Bitcoin (Bitcoin USD) rose about 1%, trading above $93,000. Gold and crude oil futures were also higher, while the 10-year Treasury yield was lower.

3. Dell shares plummet on lower-than-expected revenue

Dell Technologies (Dell) Share price fell more than 11% In premarket trading Wednesday, a day after the computer and server maker reported quarterly sales did not meet expectations. The company posted revenue of $24.4 billion, up 10% year over year but below the consensus estimate of analysts polled by Visible Alpha. Its net profit of $1.13 billion, or $1.58 per share, also beat expectations. Server and networking revenue soared 58% to $7.36 billion, in part due to Artificial Intelligence (AI) server.

4. CrowdStrike shares fall after cybersecurity firm slides into the red

CrowdStrike Holdings Inc. (Add, delete, modify and check) shares fell 3.5% in pre-market trading Cybersecurity firms report unexpected losses Expenses increased in the third quarter. The company earned $26.7 million, or 11 cents a share, last year and lost $16.8 million, or 7 cents a share, below Visible Alpha’s consensus estimate. Its revenue was US$1.01 billion, up 29% year-on-year and exceeding expectations. The results come as CrowdStrike continues to deal with Software update error July affected Microsoft (Microsoft Corporation) Windows-based systems spread across the world and grounded thousands of flights.

5. HP shares fall after poor earnings outlook for the quarter

HP (HPQ) Shares fell nearly 9% in premarket trading after the computer and printer maker made the forecast Earnings per share (EPS) Prices for the current fiscal quarter were 57 cents to 63 cents, below consensus 72 cents. The company’s fourth-quarter revenue rose 1.7% year over year to $14.1 billion, beating Visible Alpha’s consensus. Net income was $900 million, or 93 cents a share, compared with $1 billion, or 97 cents a share, a year ago, also above expectations.