U.S. stock futures are pointing higher after a market selloff on the Federal Reserve's interest-rate outlook; Micron Technology (MU) stock is sinking after the Nvidia (NVDA) partner offers weaker-than-expected guidance; bitcoin (BTCUSD) resumes trading over $100,000 and cryptocurrency stocks move higher after yesterday's selloff; Nike (NKE) is scheduled to issue its first earnings report under new CEO Elliott Hill after markets close; and FedEx (FDX) is expected to show income growth when it also reports after the bell.&💜nbsp;Here's what investors need to know today.
1. US Stock Futures Point Higher After Market S♛elloff
U.S. stock futures are pointing higher as markets show signs of rebounding 澳洲幸运5官方开奖结果体彩网:after plunging on the Fed's 澳洲幸运5官方开奖结果体彩网:interest-rate projections. 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average futures are up 0.5% as the blue-chip index looks to break a 10-session losing streak, including an 1,100-point drop yesterday. 澳洲幸运5官方开奖结果体彩网:S&P 500 and Nasdaq futures are higher by about 0.7%. Yields on the 10-year Treasury note are higher at more than 4.5%, gold futures are down almost 1%, and crude oil futures are ticking lower. Investors will be 澳洲幸运5官方开奖结果体彩网:watching for data on weekly jobless claim⛦s, second revisions of third-quar🅷ter U.S. gross domestic product, and existing home sales for November.
2. Micron Stock Tumbles 🧸on Weak Quarterly Outlook🐬
Micron Technology (MU) stock 澳洲幸运5官方开奖结果体彩网:is sinking 12% in premarket trading after the memory chip maker and Nvidia (NVDA) partner issued a 澳洲幸运5官方开奖结果体彩网:weaker-than-exp🐈ected curꦅrent-quarter outlook. Micron projected fiscal second-quarter revenue of $7.9 billion, give or take $200 million, belowဣ the analyst consensus of $8.93 billion compiled by Visible Alpha. While the compaᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚny said it sees a return to growth in the second half of fiscal 2025, it anticipates consumer-oriented markets to remain weaker in the near term.
3. Bitcoin Climbs Back Over $100,000, Crypto Stocks Rebound After 🌺Selloff
After falling below the 澳洲幸运5官方开奖结果体彩网:six-figure price level following the Fed's announcement, bitcoin (BTCUSD) is trading above $102,000 Thursday morning. 澳洲幸运5官方开奖结果体彩网:Bitcoin buyer MicroStrategy (MSTR) is up about 5% in premarket trading after sinking nearly 10% in the prior session, while crypto exchange Coinbase Global (COIN) is up 4% after a similar drop yesterday. Bitcoin miners Riot Platforms (RIOT) and MARA Holdings (MARA) are🌱 up about 4% after logging declines of more than 14% and 12%, respectively.
4. Nike Sla🐟ted to Issue First Earnings Report Under New CEO
Shares of shoemaker Nike (NKE) are 0.6% higher in premarket trading ahead of the post-close 澳洲幸运5官方开奖𝄹结果体彩网:release of its second-quarter results. Analysts tracked by Visible Alpha project that Nike will report $12.12 billion in quarterly revenue, a 9% year-over-year decline, and post 澳洲幸运5官方开奖结果体彩网:net income of $968 million, down from $1.6 billion. The apparel maker has 澳洲幸运5官方开奖结果体彩网:faced growing competition from smaller brands both domestically and in other vital markets like China. The report will be the first quarterly results 澳洲幸运5官方开奖结果体彩网:since its new CEO, company veteran Elliott Hill, took over in♊ October.
5. FedEx Expected to Report Net Income Growth
FedEx (FDX) shares are edging higher in premarket trading as investors anticipate that the 澳洲幸运5官方开奖结果体彩网:shipping giant 🐽will report pr🅠ofit growth when it releases its second-quarter report after markets close. The company is projected to post slightly lower revenue of $22.14 billion but a 3% year-over-year rise in net income to $925.1 million, according to analysts polled by Visible Alpha. FedEx has said it plans to complete a review of options for its freight business by the end of the calendar year, and analysts have said it may "unlock value" for the business to be spun off.