5 Things to Know Before the Stock Market Opens
U.S. stock futures lower on Russia tensions; Walmart (WMT) shares rose in premarket trading after the retailer reported better-than-expected results and raised its fiscal 2025 outlook; Alphabet (GoogleShares edged lower after reports that the Justice Department is preparing to ask a federal judge to force Google parent company to sell its Chrome browser as part of a settlement in an antitrust case; Ultra Micro Computer (SMCI) shares soar after company submits plan to meet its demands Nasdaq Listing obligations; investors are watching MicroStrategy (Magnetic transmission technology) The software company is adding more Bitcoin to its portfolio after its shares hit an all-time high on the news.
1. U.S. stock futures lower on tensions with Russia
follow most Positive start to the week For U.S. stocks, futures were lower on Tuesday morning amid geopolitical tensions as Russian President Vladimir Putin lowered the threshold for a nuclear strike. Dow Jones Industrial Average Futures prices fell 0.5%, S&P 500 Index Futures fell 0.3%, Nasdaq Futures prices fell 0.2%. Crude oil futures fell about 0.6%, 10-year Treasury yields edged lower, while Bitcoin (Bitcoin USD) rose 2%, trading above $92,000.
2. Walmart shares rise on sales, profit growth and improved outlook
Walmart (WMT) shares are Up nearly 4% The retail giant reported third-quarter fiscal 2025 results that were better than analysts expected and raised its 2025 guidance. The retail giant reported earnings of $169.59 billion. incomeup from $160.8 billion a year ago and up from $167.72 billion analysts expectaccording to visible alpha. Walmart’s net income Revenue was $4.58 billion, or $0.57 per share, better than estimates of $4.25 billion and $0.53 per share, respectively. The retailer also raised its forecast for fiscal 2025, projecting sales growth of 4.8% to 5.1% year-over-year, up from the previous range of 3.75% to 4.75%.
3. The Justice Department reportedly wants to force Google to sell Chrome
The U.S. Justice Department is preparing to ask a federal judge to consider advancing Alphabet’s (Google) Google to Strip Chrome BrowserThe Biden administration’s top antitrust official is reportedly cracking down on the tech industry before leaving office. wall street journal The Justice Department will reportedly file court documents on Wednesday, while Bloomberg The department will reportedly ask Justice Amit Mehta to order Google-related steps Artificial Intelligence (AI) and its Android smartphone operating system. Alphabet shares were little changed in premarket trading.
4. AMD shares soar after auditor nomination
Ultramicrocomputer (SMCI) shares soared 25% in pre-market trading and continued to climb after the bell. The company appoints a new auditor and submit a compliance plan to avoid delisting by the SFC Nasdaq. The server maker said BDO USA will serve as its new auditor following Ernst & Young’s resignation and asked Nasdaq for an extension to complete its delayed annual report. Super Micro’s stock price rose nearly 16% yesterday as the company reportedly prepared to meet its financial reporting requirements, but it is still down nearly 24% from the beginning of the year to Monday’s close.
5. Investors are concerned after MicroStrategy shares hit record high
MicroStrategy (Magnetic transmission technology) share price soared to new high On Monday, news broke that the software analytics company had purchased a additional $4.6 billion of Bitcoin. The company purchased 51,780 Bitcoins at an average price of about $88,627 per Bitcoin, bringing its total holdings to 331,200 Bitcoins, according to the company’s data. Securities and Exchange Commission (SEC) Archive. MicroStrategy shares have soared nearly sixfold since the start of the year through Monday’s close, significantly outpacing Bitcoin’s gains Year to Date (YTD) Returns were around 115% and were up a further 3% in pre-market trading.