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

U.S. stock futures mixed as investors brace for key inflation data; economists expect today Consumer Price Index (CPI) Release shows inflation rose in November; graphics software maker Adobe (Adebe) is expected to increase revenue and profit on optimism about its Artificial Intelligence (AI) product;alphabet (Google) shares rose further in premarket trading after rising on Tuesday on enthusiasm for its Willow quantum computing chip; and General Motors (General Motors) ends its Cruise robot taxi project. Here’s what investors need to know today.

1. U.S. stock futures were mixed before the release of inflation data

U.S. stock futures were mixed ahead of key inflation data scheduled for release this morning. follow Markets fall for second day in a row Spurred by weakness in the tech sector, Nasdaq Futures edged higher while S&P 500 Index Futures changed little, and Dow Jones Industrial Average Futures are slightly lower. Bitcoin (Bitcoin USD) was trading above $98,000, while gold and crude oil futures were also higher. Ahead of the inflation report, the 10-year Treasury yield was higher at about 4.25%.

2. Economists believe that the November CPI report showed a slight increase in inflation.

Investors expect the November CPI report to be released at 8:30 a.m. ET. Economists surveyed by The Wall Street Journal and Dow Jones Newswires expect annual inflation to be rose 2.7%higher than October’s 2.6%. Cost-of-living measures have stalled recently after inflation continued to trend lower earlier this year. Fed Officials say they are Keep an eye on inflation Because next week we will face the decision to cut interest rates again.

3. Adobe expected to report higher revenue and profits on AI enthusiasm

Adobe (Adebe) expected Achieve higher revenue and profits when the graphics software maker releases quarterly results after the close today. Analysts tracked by Visible Alpha expect Adobe to report earnings of $5.54 billion income This quarter, with net income It is expected to be US$1.63 billion, respectively approximately 10% higher than last year Fourth quarter of 2023. Analysts are mostly bullish on the Photoshop software maker and are optimistic about its artificial intelligence products. Adobe stock was little changed in premarket trading.

4. Alphabet’s stock price rises further after launching quantum computing chip

alphabet (Google) The stock edged higher in premarket trading, a day after shares of Google’s parent company rose. Up nearly 6% Just as it unveiled Willow, Quantum computing The chip is said to be able to complete calculations in less than five minutes that would take some of today’s fastest supercomputers a billion years to complete. “We see Willow as an important step toward building practical quantum computers with practical applications in drug discovery, fusion energy, battery design, and more,” Google said. Chief Executive Officer (CEO) Sundar Pichai wrote on X.

5. General Motors abandons Cruise Robotaxi plan

General Motors (General Motors) said this is Abandon Cruise self-driving ride service It saves automakers approximately $1 billion annually due to its high cost and scale required in an increasingly competitive market. GM said it will focus on developing advanced driver assistance systems. UBS analysts say GM’s cancellation of Cruise plans could be a boon for Tesla (Tesla), this is also Develop driverless taxis. Shares of General Motors and Tesla each rose more than 1% in premarket trading.