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

Investors are looking forward to today’s Fed Meeting ends with announcement of another rate cut; U.S. stock futures higher Dow Jones Industrial Average On track to end nine-game losing streak; Japanese automaker Honda (Hamas) and Nissan (National Trinity) in merger discussions; Micron Technology (exist) shares were higher in premarket trading ahead of the chipmaker’s earnings report today; and Nvidia (NVDA) shares rose after falling for four consecutive sessions. Here’s what investors need to know today.

1. Powell’s remarks investors expect the Fed to cut interest rates

Investors will be watching closely Today’s interest rate announcement two days later Federal Open Market Committee (FOMC) The meeting is over. officials are It is generally expected to decrease this federal funds rate It fell a quarter of a percentage point to a range of 4.25% to 4.5%. According to this decision, Federal Reserve Chairman Jerome Powell He is expected to take questions from the media and his comments could affect market trends. Market watchers also expect the Fed to release economic forecasts, which will show where officials think inflation and interest rates will go.

2. U.S. stock futures higher ahead of Fed decision

U.S. stock futures were higher ahead of the Federal Open Market Committee’s (FOMC) decision and comments from Federal Reserve Chairman Jerome Powell. after Dow Jones Industrial Average Carve it Nine consecutive trading days of losses Yesterday, futures rose 0.3%, marking their longest decline since 1978. S&P 500 Index and Nasdaq Futures prices rose by a similar amount. Bitcoin (Bitcoin USD) fell back below $105,000 from recent highs, while the 10-year Treasury note hovered around 4.4%. Crude oil futures rose 0.6%.

3. Honda and Nissan are in merger discussions

Nissan shares surged about 24% in Tokyo trading on Wednesday after the Japanese automaker confirmed a new initiative, while Honda shares fell 3%. Nikkei Index reports that they are Discussing merger. The two companies reportedly intend to sign a memorandum of understanding to negotiate a stake in a holding company that will be home to the combined automaker. Nikkei Indexmay put pressure on domestic rival Toyota (TM). at the same time, Dow Jones Newswires According to reports, Foxconn, the Taiwanese company that produces Apple,AAPL) products, and also expressed interest in acquiring Nissan.

4. Micron Technology shares rise ahead of earnings release

Micron Technology (exist) shares rose 1.5% in premarket trading ahead of the first quarter of fiscal 2025 earnings report After the close today. Analysts polled by Visible Alpha expected Micron Reported revenue of $8.72 billion, up 84% year-over-year, the company will pivot to profit $1.84 billion or $1.58 per share. Micron Technology’s report follows the chipmaker’s announcement earlier this month Receive federal grant Up to US$6.165 billion semiconductor in the United States as CHIPS and Science Act of 2022.

5. Nvidia shares rise after four consecutive declines

After falling in love four consecutive sessions slide in technical fixesshares of chipmaker Nvidia (NVDA) rose about 3% in premarket trading. Investors hope Nvidia can sell large volumes of its new Blackwell Artificial Intelligence (AI) Chip after report discovery overheating problem Concerns about production delays were raised last month. Despite its recent woes, Nvidia shares are up more than 160% since the beginning of the year on strong demand for its artificial intelligence products.