Daily Pre-Market News🐝
Enjoy your coffee this morning ☕
Futures right now:
• Dow: up ~0.04%, about 19 points
• S&P 500: down ~0.42%
• Nasdaq-100: down ~0.93%, the weakest of the three
• Yesterday stocks bounced back strong. The S&P rose 1.3% and the Nasdaq jumped 1.6%, after CoreWeave's big earnings beat got people excited about AI again.
• The mood flipped overnight though. Nvidia is down about 7% before the open after reports its board is talking about removing CEO Jensen Huang. Chip stocks are getting hit with it.
• Rates are still the other worry. The 10-year yield is sitting right around 5%, and traders now see a December rate hike as almost a sure thing after that hot inflation report.
• Big stuff today: jobless claims at 8:30 AM, home sales at 10 AM, and six Fed speakers through the day. Producer prices land tomorrow.
• Bitcoin is down a bit to around $73,000, and gold slipped under $4,000 an ounce.
Have a great day💵
