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

Bitcoin (Bitcoin USD) crosses $100,000 threshold on optimism over crypto advocate’s nomination to lead U.S. Securities and Exchange Commission (SEC); U.S. stock futures were little changed after major indexes closed at record highs; TSMC (TSM) reportedly in talks with Nvidia (NVDA) makes Blackwell chips in Arizona; the following five (five) shares rose in premarket trading after the discount retailer raised its profit outlook and named a new chief executive; American Eagle Outfitters (AEOShares are falling after the retailer lowered its full-year guidance and warned of weak holiday sales. Here’s what investors need to know today.

1. Trump is nominated by the SEC and Bitcoin breaks through $100,000

Bitcoin (Bitcoin USD) yes Soared 4% Trading volume exceeds $102,000 following President-elect Donald Trump’s election Nominates Cryptocurrency Supporter Paul Atkins Leading the SEC. this The surge is coming The cryptocurrency came close to breaking $100,000 during November’s post-election rally, but later fell to $91,000 Investors take profits. The news also boosted other cryptocurrency-related assets and companies, among them MicroStrategy (Magnetic transmission technology), Mara Holdings (Mara) and anti-riot platform (riot) All trades were up at least 5% in pre-market trading.

2. U.S. stock futures closed flat after hitting a record high

U.S. stock index futures flat after every trade Major stock indexes hit record intraday and closing highs Wednesday. The stock fell to Strong start to the month Investors are optimistic that the incoming Trump administration will implement pro-growth policies. Market watchers are also paying attention Publish more corporate financial reports Thursday, including items from Kroger (South Korea) and Hewlett Packard Enterprise (HP), and Digesting Fed Chairman Jerome Powell’s Speech. Crude oil futures, gold futures and 10-year Treasury bond yields were little changed.

3. TSMC is in talks to produce Nvidia chips at its Arizona factory

TSMC (TSM) yes Negotiating with Nvidia (NVDA) produced the latter Blackwell Artificial Intelligence (AI) Chips at contract manufacturer factory in Arizona, Reuters reported. According to reports, TSMC is preparing to start producing artificial intelligence chips early next year, but it still needs to be shipped to Taiwan for packaging. American Depository Receipts (ADRs) Shares of TSMC and Nvidia were higher in premarket trading.

4. Discount retailer’s new CEO improves outlook, shares soar 50%

The following five (five) shares soared 14% in premarket trading, a day after the discount retailer named Forever 21’s Winnie Park as its new chief executive, effective Dec. 16, and raised its outlook for the year, citing Black Friday Sales were “solid.” Net sales for the year are now expected to be in the range of $3.84 billion to $3.87 billion, up from the previous range of $3.73 billion to $3.80 billion, while the adjusted Earnings per share (EPS) It is expected to be between $4.78 and $4.96, up from the previous range of $4.35 to $4.71. Third-quarter results also exceeded expectations.

5. American Eagle Outfitters shares plunge on weak holiday sales guidance

American Eagle Outfitters stock (AEO) fell 13% in premarket trading a day after the apparel retailer’s third-quarter results and fourth-quarter outlook fell short of analysts’ expectations. AEO reported a year-over-year decline in revenue to $1.29 billion, with profits down nearly 20% to $80 million. For the holiday quarter, AEO expects revenue to be down 4%, below expectations, including “the combined impact of retail calendar adjustments and reduced one-week sales of approximately $85 million.” JPMorgan later downgraded the stock to “neutral” from “overweight.”