5 Things to Know Before the Stock Market Opens
U.S. stock futures lower ahead of retail sales data and start of two-day trading Fed Conference;Bitcoin (Bitcoin USD) With MicroStrategy (Magnetic transmission technology) continues to buy cryptocurrencies; Tesla (Tesla) shares hit a record high in pre-market trading; Nvidia (NVDA) stock price continued to decline after entering the adjustment zone; and Broadcom (AVGO) shares moved higher after hitting a record high on a strong earnings report. Here’s what investors need to know today.
1. U.S. stock futures lower ahead of retail sales data at the Federal Open Market Committee (FOMC) meeting
U.S. stock futures lower Investors await retail sales data today and prepare for tomorrow Fed interest rate decision. Dow Jones Industrial Average Futures drop 0.3% after blue-chip index breaks Eighth consecutive trading day lossthe longest losing streak since 2018, while S&P 500 Index Futures fell by a similar amount. Nasdaq Technology futures fell 0.2% after the index rose more than 1% in the previous session to reach a new record high. Crude oil and gold futures fell 1% and 0.5% respectively, while the 10-year Treasury yield was higher, currently trading around 4.44%.
2. MicroStrategy adds to portfolio, Bitcoin hits new highs
Bitcoin (Bitcoin USD) is trading slightly below the newly set level record high As investors continue to expect the new Trump administration to further boost the cryptocurrency, its price will exceed $107,000. Investors are optimistic that the government will build a strategic reserve of Bitcoin while also creating a favorable regulatory environment for cryptocurrencies. MicroStrategy (Magnetic transmission technology)Report $1.5 billion in new purchasespushing its Bitcoin holdings to nearly $47 billion.
3. Tesla stock price hits record high
Tesla (Tesla) shares rose about 2.5% in pre-market trading after the electric vehicle (EV) maker reached record high Yesterday, it rose more than 6% to $463.02. Tesla shares rose on Monday Wedbush raises price target Shares rose from $400 to $515, and the stock could be as high as $650 by the end of next year. Tesla shares have soared about 85% since the beginning of the year, with essentially all of the gains coming after the Nov. 5 election. CEO Elon Musk’s relationship with President-elect Donald Trump.
4. NVIDIA’s stock price fell further after entering the correction zone
NVIDIA (NVDA) shares fell about 1.6% in pre-market trading after the chipmaker entered the market. correct Yesterday’s territory. Nvidia shares closed at $132.00 on Monday, 11% below its record closing high of $148.88 on November 7. Despite positive analysts’ commentsBank of America and Bernstein both call Nvidia a “top pick,” with price targets of $190 and $175 respectively.
5. Broadcom shares hit all-time high after strong earnings report
Broadcom (AVGO) Shares rose a further 0.4% in pre-market trading after chipmaker took a hit Another all-time high Yesterday, it continued its gains following its earnings report. On Monday, Bank of America named Broadcom one of its top six picks in the semiconductor industry for 2025, joining several other analysts Upbeat comments about tech companies. The stock has risen about 40% since listing Better-than-expected earnings report last week.