5 Things to Know Before the Stock Market Opens

Today’s news for November 12, 2024

US stock futures were little changed after hitting new highs following Donald Trump’s presidential election; Bitcoin (Bitcoin against the dollar) is declining after approaching the $90,000 level, while shares of crypto-related stocks such as MARA Holdings, the parent company of Marathon Digital (Mara) and riot control platforms )Riot control) moving down; Tesla (TSLA) Shares fall in premarket trading after rising amid continued optimism about the company’s ties to the president-elect and its artificial intelligence (AI) technology. home depot (High resolution) Stocks rise after beating quarterly expectations and raising their full-year forecasts; Shares of Bayer, Monsanto’s parent company, fell in German trading after the group cut its profit target due to lower grain prices. Here’s what investors need to know today.

US stock futures were little changed after major indexes posted another one Strong session on Monday To build on the record levels set after the presidential election of Donald Trump. Yesterday, Dow Jones Industrial Average He added more than 300 points to close above 44,000 points. Futures contracts for Standard & Poor’s 500 and Nasdaq It also fell in early trading after rising in the previous session.

After crossing a high mark of over $89,000, Bitcoin (Bitcoin against the dollar) recently traded down 2% at around $87,000, helping to drag down other cryptocurrency-related investments in pre-market trading. Coinbase International (currency), Marathon Digital’s parent company MARA Holdings (Mara), and riot control platforms (Riot control) and were all lower by 2.4%, 3.4%, and 5%, respectively. encryption Exchange Traded Funds (ETFs)such as iShares Bitcoin Trust (He will go) and Bitcoin gray box (GBTC), has changed little.

Tesla shares (TSLA) 1% lower in pre-market trading then An increase of approximately 9% In the previous session, it reached a price of $350. The electric vehicle (EV) maker continues to build enthusiasm around its CEO Elon MuskHis relations with the incoming administration as an advisor to President-elect Donald Trump. Yesterday, Wedbush analysts raised their price target for Tesla to $400 from $300, estimating that the self-driving car and… Artificial Intelligence (AI) Opportunities it will be worth $1 trillion to the company.

home depot (High resolution) shares rose 1.5% in premarket trading after The retailer posted better-than-expected results for the third quarter, while also raising sales forecasts for 2024. The company reported quarterly earnings of $3.65 billion on revenue of $40.22 billion, beating estimates of analysts surveyed by Visible Alpha. Home Depot also raised its expected revenue growth for the fiscal year to about 4%, from 2.5% to 3.5% previously, while changing its forecast for Comparable store salesWe now expect it to be down 2.5% from last year instead of a 3% to 4% decline.

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