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

Stock index futures were higher in early trading on Friday, with the Nasdaq poised to resume its gains and the Dow poised to break its losing streak; chipmaker Broadcom (AVGO) surges as it reports strong revenue growth Artificial Intelligence (AI) Sales Volume; Costco Wholesale (cost) beat profit expectations in first report since raising membership fees; furniture retailer RH (relative humidity) shares rise after reporting quarterly profit and raising demand forecast; Apple (AAPLShares rose on analysts’ optimism about the company’s artificial intelligence products.

Here’s what investors need to know today.

1. Dow expected to break losing streak, stock market futures higher

Stock index futures moved higher pre-market after market gave back recent gains previous session. this Nasdaq The tech index rose 0.5% in early trading after crossing 20,000 points first. Futures trading and S&P 500 Index It recently rose 0.3%, while Dow Jones Industrial Average Futures rose 0.2%, with the index falling for six consecutive sessions. Investors will receive Import and export pricing data today. Bitcoin (Bitcoin USD) traded for approximately $100,500. Oil futures rose more than 1%, while gold futures fell 0.9%. As a measure of interest rates, the 10-year Treasury yield rose to around 4.35%.

2. Broadcom sales surge, artificial intelligence revenue triples

Chipmaker Broadcom’s shares rose nearly 15% in premarket trading after it reported quarterly and full-year earnings that beat analysts’ expectations. Artificial Intelligence (AI) income more than tripled. The company’s fourth-quarter revenue rose 51% year over year to more than $14 billion, roughly in line with analyst consensus compiled by Visible Alpha. The memory chip maker reported net profit of $4.32 billion, or 90 cents a share, up from $3.52 billion, or 83 cents a share, a year earlier and above market expectations. Broadcom posted a loss of $1.88 billion in the last quarter, in part due to higher expenses related to the company. Acquisition in November 2023 Software company VMware.

3. Costco Wholesale’s revenue increases after increasing membership fees

costco wholesale Exceeded profit expectations In the company’s first quarterly report since its founding Increase membership fee Effective September. The retailer’s revenue rose 7.5% to more than $62 billion, slightly above Visible Alpha analysts’ forecasts, while its net income was $1.8 billion, or $4.04 a share, up from $1.59 billion a year ago. $3.58 per share. Costco’s e-commerce Sales rose 13%, while same-store sales for Costco U.S. shares rose 5.2% and were little changed in premarket trading.

4. Furniture retailer RH shares soar after turning a profit, signaling growing demand

furniture retailer RH (relative humidity) shares soared in premarket trading after turning a profit and raising its outlook. The company’s third-quarter net income was $33.2 million, or $1.66 a share, reversing a loss of $2.2 million, or 12 cents a share, in the same period last year. RH reported third-quarter revenue growth of 8% to $811.7 million. The company said it raised its fourth-quarter revenue growth forecast to 18% to 20%. The shift comes amid a housing downturn Affects demand for company products.

5. Artificial intelligence optimism drives Apple stock price to record high

Investors are paying attention to Apple (AAPL)after Thursday’s closing high That comes amid growing optimism that the iPhone maker’s artificial intelligence capabilities could accelerate sales growth. This week, the company is rolling out more Apple Intelligence features to its devices with the iOS 18.2 operating system, Includes ChatGPT integration with Siri. Wedbush analyst Dan Ives said in a recent research note that he expects Apple to become the first company to reach a market capitalization of $4 trillion. Market value AI demand-driven gains. Apple shares were slightly higher in premarket trading.