News Before Market Opens

US Market & Sectors
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Latest US Stock Market News Updates MegaThread.

Helping the community to take decisions based on stock market news for the next trading day.

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7 Feb 2025

  • The S&P 500 rose 0.4% to close at 6,083.57, and the Nasdaq increased 0.5% to end at 19,791.99.
  • Tapestry (Coach, Kate Spade) shares jumped 12% after reporting strong earnings and raising its forecast.
  • Philip Morris International gained 10.9% on solid results and better-than-expected growth of its Zyn nicotine pouches.
  • Ford fell 7.5%, as investors reacted negatively to its 2025 financial guidance.
  • Qualcomm declined 3.7% despite higher-than-expected quarterly profits.
  • Honeywell dropped 5.6% after announcing plans to split into three independent companies.
  • The market anticipates January’s nonfarm payrolls report due tomorrow.
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Stock market highlights for Monday, February 10, 2025:

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  • Market Indices:

    • S&P 500: Increased by 0.6%, closing at 6,061.15.
    • Dow Jones Industrial Average: Rose 0.3%, ending at 44,436.50.
    • Nasdaq Composite: Gained 1.1%, finishing at 19,740.10.

  • Steel and Aluminum Stocks:

    • Shares of U.S. steel and aluminum producers, including Nucor, U.S. Steel, and Alcoa, surged following President Trump’s announcement of a 25% tariff on steel and aluminum imports.

  • McDonald’s (MCD):

    • The stock rose 5% after reporting mixed earnings, with strong international sales offsetting weaker U.S. performance.

  • Meta Platforms (META):

    • Extended its winning streak, with shares edging up 0.5%, supported by strong quarterly earnings.

  • Tesla (TSLA):

    • Shares declined 3% amid concerns over reduced sales in China.

  • BP (BP):

    • U.S.-listed shares surged 6.8% after reports that Elliott Investment Management acquired a significant stake, pushing for performance improvements.
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Key U.S. stock market updates before the market opens:

  • January CPI Inflation Report: Investors are closely watching the release of the January Consumer Price Index (CPI) data, expected to show a 0.3% month-over-month increase and a steady 2.9% annual rate. This report could impact the Federal Reserve’s future interest rate decisions.
  • Federal Reserve’s Stance on Interest Rates: Fed Chair Jerome Powell recently stated that the central bank is in no rush to cut interest rates, emphasizing a cautious approach based on economic assessments.
  • Market Performance and Futures: U.S. stock index futures are relatively flat ahead of the CPI data release. Dow Jones Industrial Average futures are down 0.17%, S&P 500 futures have dipped 0.16%, and Nasdaq 100 futures have decreased by 0.07%.
  • Corporate Earnings Highlights:
    • DoorDash: Reported better-than-expected revenue and order numbers, leading to a notable stock price increase.
    • Upstart Holdings: Shares surged after the company announced unexpected profits, signaling strong performance.
  • Tesla’s Stock Decline: Tesla’s stock has continued its downward trend, falling 6.3% amid concerns over Elon Musk’s political involvement and declining European sales.
  • Global Trade Tensions: Markets are monitoring recent tariff measures, including a 25% tariff on all foreign steel and aluminum entering the U.S. These actions have introduced uncertainty, though some analysts see them as potential negotiation tactics.
  • Upcoming Earnings Reports: Key companies set to release earnings before the market opens include CVS Health, Biogen, and Kraft Heinz.
1 Like
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Thanks @Ansh_Orbit_448. This is helpful.