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

U.S. stock futures higher after market selloff Fedinterest rate outlook; Micron Technology (exist) shares are trading at NVIDIA (NVDA) Partners provide weaker-than-expected guidance; Bitcoin (Bitcoin USD) resumes trading above $100,000, crypto stocks higher after yesterday’s sell-off; Nike (of) plans to release its first earnings report under new CEO Elliott Hill after the market close; and FedEx (FDX) is also expected to show revenue growth when it reports after the bell. Here’s what investors need to know today.

1. U.S. stock futures higher after market selloff

U.S. stock futures higher as markets show signs of rebound After the plunge About the Federal Reserve interest rate forecast. Dow Jones Industrial Average Blue-chip stock index futures rose 0.5%, on track to break a 10-session losing streak, including a 1,100-point loss yesterday. S&P 500 Index and Nasdaq Futures rose about 0.7%. The 10-year Treasury yield was above 4.5%, gold futures fell nearly 1%, and crude oil futures were lower. investors will Observation data Weekly initial jobless claims, the second revision of U.S. third-quarter gross domestic product, and November existing home sales.

2. Micron Technology shares plummet on weak quarterly outlook

Micron Technology (exist) in stock sinking It was up 12% in premarket trading, trailing only memory chip makers and Nvidia (NVDA) issued by partners Current quarter outlook weaker than expected. Micron expects fiscal second-quarter revenue of $7.9 billion, plus or minus $200 million, below the $8.93 billion analyst consensus compiled by Visible Alpha. While the company said it expects a return to growth in the second half of fiscal 2025, it expects the consumer-oriented market to remain soft in the short term.

3. Bitcoin rebounds above $100,000, crypto stocks rebound after selloff

After falling below six-digit price level Following the Fed’s announcement, Bitcoin (Bitcoin USD) was trading above $102,000 on Thursday morning. Bitcoin Buyer MicroStrategy (Magnetic transmission technology) rose about 5% in pre-market trading after falling nearly 10% in the previous session, while cryptocurrency exchange Coinbase Global (coin) rose 4% after a similar decline yesterday. Bitcoin Miner Riot Platform (riot) and Mara Holdings (Mara) rose about 4% after harvests fell by more than 14% and 12% respectively.

4. Nike to release first earnings report under new CEO

Shares of shoemaker Nike (of) rose 0.6% in pre-market trading before the close Release second quarter results. Analysts tracked by Project Visible Alpha expect Nike to report quarterly revenue of $12.12 billion incomedown 9% year-on-year, and released net income $968 million, down from $1.6 billion. Clothing manufacturers have Facing increasingly fierce competition Small brands from domestic and other important markets such as China. The report will be first quarter results Since the new CEOCompany veteran Elliott Hill took over in October.

5. FedEx expected to report net profit growth

FedEx (FDX) shares edged higher in premarket trading as investors expected Shipping giant to report profit growth when it releases its second-quarter report after the market close. Analysts polled by Visible Alpha said they expected the company’s revenue to fall slightly to $22.14 billion, but net profit to rise 3% year-over-year to $925.1 million. FedEx said it plans to complete a review of its freight business options by the end of the year, and analysts said the company could “unlock value” for a divestment of the business.