U.S. stock futures are pointing lower following yesterday's market surge on Federal Reserve rate-cut projections; Nvidia (NVDA) CEO Jensen Huang said that the company plans to spend "several hundred billion" on on its U.S. supply chain; Nike (NKE) is set to report quarterly results after the bell as investors await updates on its turnaround plans; Boeing (BA) shares are in focus after an executive’s bullish comments on tariffs and an announcement on new orders; and FedEx (FDX) is expected to report 20% year-over-year adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) growth after markets close. Here's what investors ne𒁏ed to know today.
1. US Stock Futures Point Loꦑwer After Indexes Sur🅰ge on Fed Projections
U.S. stock futures are pointing lower after indexes 澳洲幸运5官方开奖结果体彩网:jumped in the prior session after the Federal Reserve stuck to its 澳洲幸运5官方开奖结果体彩网:projections of two inter𒉰est-rate cuts this year. Nasdaq futures are about 0.7% lower after the tech-focused index added 1.4% Wednesday, while 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average and 澳洲幸运5官方开奖结果体彩网:S&P 500 futures also are trading lower after gains yesterday of 0.9% and 1.1%, respectively. Bitcoin (BTCUSD) is trading lower at around $85,000, and both gold and oil futures are edging down. Yields on the 1🐈0-year Treasury note are declining to near 4.2%.
2. Nvidia CEO Says Firm Plans to Spend 'Several Hundred Billion' on US Production
Nvidia (NVDA) CEO Jensen Huang told the Financial Times that the chipmaker plans to spend "several hundred billion" dollars on manufacturing chips and other electronics in the U.S. over the next four years. The report noted that the change comes as President Donald Trump has 澳洲幸运5官方开奖结果体彩网:enacted tariff policies that🍨 could disrupt the supply chain, including to Nvidia's suppliers based in Asia. Nvidia shares are 0.7% lower in premarket trꩲading.
3💧. Nike Seen Reporting Declining Re🦂sults After Bell
Nike (NKE) shares are edging lower in premarket trading ahead of the sneaker giant's 𝓡澳洲幸运5官方开奖结果体彩网:quarte൲rly report after markets close. Investors will be listening for an update on the company's turnaround from 澳洲幸运5官方开奖结果体彩网:new CEO Elliott Hill. Nike is expected to report $11.02 billion in revenue for its fiscal third quarter, down from $12.43 billion a year ago, while its per-share earnings are expected to decline to 𓆏$0.28, according to Visible Alpha estimates. Nike shares have lost over one-quarter of their value over the past 12 months.
4. Boeing Stock in Focus Following New Orders, CFO's Bullish Remarks
Boeing (BA) shares are edging lower in premarket trading after the 澳洲幸运5官方开奖结果体彩网:plane maker's stock jumped by nearly 7% yesterday, its biggest one-day gain in nearly two years. Investors reacted positively when 澳洲幸运5官方开奖结果体彩网:Chief Financial Officer (CFO) Brian West told an industry conference that the company didn't expect to see a near-term impact caused by the Trump administration's tariffs on 澳洲幸运5官方开奖结果体彩网:aluminum and steel. The stock was also boosted when 澳洲幸运5官方开奖结果体彩网:Japan Airlines announced that it has ordered 17 new Boeing 737-8 aircraft.
5. FedEx🎃 Expectedಌ to Report Surging Profit After Bell
FedEx (FDX) is 澳洲幸运5官方开奖结果体彩网:set to report fiscal thir♓d-quarter resu✅lts after markets close, with analysts most꧅ly bullish on the shipping giant's stock. According to Visible Alpha, the average analyst price target on the company's stock is $317, which would suggest about 28% upside from Wednesday's close. Analysts expect adjusted EPS to have risen 20% from a year ago to $4.63 and revenue to have edged 1% higher to $21.96 billion. FedEx shares are edging lower in premarket trading.