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

U.S. stock futures higher as investors focus on inflation data; China reportedly considering selling TikTok to Elon Musk; Hyundaimessenger RNA) shares took center stage after falling yesterday as the company cut its revenue forecast; economists expected Producer Price Index (PPI) Shows wholesale inflation held steady in December; and KB Home Page (KB) shares rose in premarket trading after reporting stronger-than-expected earnings. Here’s what investors need to know today.

1. U.S. stock futures higher ahead of inflation data

U.S. stock futures edged higher as investors awaited inflation data released this morning. Nasdaq Index futures rose 0.3% after hours closed lower yesterday. Dow Jones Industrial Average and S&P 500 Index Futures also edged higher. Bitcoin (Bitcoin USD) rose nearly 2%, surpassing $96,000. The 10-year Treasury yield was little changed at about 4.8%. Oil futures were lower, while gold futures were slightly higher.

2. China is reportedly considering selling TikTok to Elon Musk

Chinese officials are Consider selling TikTok’s U.S. operations arrive Elon Musk It is reported that if the social media company is eventually banned. China is considering a scenario in which Musk’s X Platform would take control of the U.S.-based TikTok, adding 170 million users to the platform, Bloomberg reported. wall street journal According to the report, Musk, a close ally of President-elect Donald Trump, is considered a “trustworthy non-Chinese party.” A TikTok spokesperson said in a statement Investment Encyclopedia The company “cannot be expected to comment on purely fictional events.”

3. Moderna stock in focus as revenue outlook cuts

modern (messenger RNA) shares fell a further 0.6% in pre-market trading after the stock Pharmaceutical company shares plummet 17% It cut its revenue outlook on Monday. Modena Sharp cuts to 2025 revenue A $1 billion increase is expected as it attempts to cope with growing drug development The cost decline comes amid falling demand for COVID-19 treatments. Moderna shares have lost about two-thirds of their value over the past year and are down more than 90% from their pandemic-era all-time high of nearly $500 in August 2021.

4. Investors focus on wholesale inflation data released today

Market participants will be paying close attention to December data when it is released today at 8:30 a.m. ET Producer Price Index (PPI) data. Economists surveyed wall street journal and Dow Jones Newswires Monthly wholesale inflation is expected to remain unchanged at November’s level of 0.4%. Recent reports show economists are keeping a close eye on inflation data Price pressure shows little reliefcausing people to worry Fed Interest rates may be kept at a higher level. Producer Price Index Report Coming tomorrow’s Consumer Price Index (CPI) number.

5. KB Home’s performance is stronger than expected, and its stock price rises

Knowledge Base Home Page (KB) shares rose nearly 10% in premarket trading after the homebuilder reported better-than-expected fourth-quarter results. The company reported revenue rising 19% year over year to $2 billion, while its profit of $190.6 million, or $2.52 per share, also topped consensus analysts’ estimates compiled by Visible Alpha. The homebuilder also increased deliveries of new homes by 17%. “The increase in our revenue reflects increased delivery volumes, driven by faster build times,” CEO Jeffrey Metzger said.