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

U.S. stock index futures started December little changed after the S&P 500 and the Dow closed at record highs last month; Strantis (STLA) shares plunged in premarket trading after CEO steps down; Disney’s (DIS) moana 2 set box office records; Volkswagen workers in Germany went on strike; and MasterCard (master) said Black Friday retail sales increased 3.4% compared with last year. Here’s what investors need to know today.

1. U.S. stock futures little changed after strong performance in November

U.S. stock index futures little changed after beginning trading in December record high Ending a holiday-shortened trading week. S&P 500 Index Futures fell 0.1% after the index was announced The best month of November 2024. Dow Jones Industrial Average Futures were little changed after the index hit another record high last week, while Nasdaq Last week ended just shy of all-time highs and futures were little changed. Bitcoin (Bitcoin USD) fell 2% to trade around $95,000, while the 10-year Treasury yield edged higher to around 4.21%.

2. Stellantis stock price plummets after CEO resigns

star(STLA) Shares of the troubled Jeep and Chrysler parent company fell more than 8% in premarket trading on Sunday. accept resignation of Chief Executive Officer (CEO) Carlos Tavares effective immediately. Netherlands-based Stellantis, whose shares have plunged 43% this year through Monday, said the process to appoint a permanent chief executive was “well underway” and “will be completed in the first half of 2025.” In the meantime, the company will be led by an interim executive committee led by Chairman John Elkann.

3. Disney’s “Moana 2” sets box office record

The Walt Disney Company’s stock (DIS) edged higher in pre-market trading following the release of the media giant’s movie moana 2 Registered Highest five-day opening price everDomestic revenue is expected to be $221 million between Wednesday and Sunday, the company said. The film’s box office revenue easily surpassed US$125 million to US$135 million Analysts expect sequel in 2016 Moana. Disney films now occupy the top three U.S. releases this year, including moana 2 Join Inside Out 2 and deadpool and wolverine.

4. Volkswagen workers strike over automaker’s cost-cutting plans

Workers at German auto giant Volkswagen went on strike on Monday after labor leaders and management failed to agree on how to resolve the issue. Companies can slash costs. According to Volkswagen, the temporary strike is aimed at putting pressure on management during negotiations and will halt work at all but Volkswagen’s German plants. Bloomberg. Volkswagen shares reversed course in German trading and are now edging higher.

5. Online sales help drive up Black Friday spending

Preliminary data from Mastercard (master) SpendingPulse indicates U.S. retail sales exist black friday This is 3.4% higher than the 2023 Big Shopping Day. Mastercard said the increase was primarily due to a 14.6% increase in online retail sales, while in-store retail sales increased 0.7%. Shares of retail giant Walmart (WMT), Target(TGT) and Amazon (Amazon) were both slightly higher in pre-market trading.