U.S. stock futures are slightly lower but major indexes remain on track for a positive week; Gap (GAP) shares are jumping in premarket trading as the retailer reported better-than-expected results and lifted its outlook on anticipation of strong holiday sales; DirecTV ends efforts to buy Dish Network after bondholders pushed back on the deal; Intuit (INTU) shares are dropping after its revenue outlook came in below expectations; bitcoin (BTCUSD) is 🐽little changed as investors watch to see if the surging cryptocurrency can cross the $100,000 mark. Here's what in🎀vestors need to know today.
1. US Stoc🃏k Futures Point Lower But Indexes Poised for Positive Week
U.S. stock futures are pointing slightly lower but major stock indexes are still on track to turn in a positive week after 澳洲幸运🦩5官方开奖结果体彩网:earlier gains on posit💞ive earnings news. Nasdaq futures are 0.2% lower, 澳洲幸运5官方开奖结果体彩网:S&P 500 futures are down 0.1% after the benchmark index comes off a fourth straight session of gains, and 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average futures are little changed after the index surged by 1.1% Thursday. Treasury yields are slightly lower and crude futures are down about 0.5%, while gold futures are ab🌠out 1% higher.
2. Gap Stock Soars as Retailer Raises Outlook
Gap (GAP) shares are 澳洲幸运5官方开奖结果体彩网:soaring by 15% ♔in premarket trading after the clothing retailer reported stronger-than-expected third-quarter results and 澳洲幸运5官方开奖结果体彩网:raised its sales outlook. The Old Navy parent reported 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of 72 cents on revenue of $3.83 billion, both topping consensus estimates of analysts polled by Visible Alpha. The company now anticipates fiscal 2024 sales to grow between 1.5% and 2% compared to its ea𝓡rlier guidance of “up slightly," as the retailer pointe⭕d to a strong holiday season.
3. DirecTV Ends Decades-Long Effort to🅘 Buy Dish Netwo♑rk
DirecTV has scrapped its 澳洲幸运5官方开奖结果体彩网:acquisition of Dish Network, coming amid decades of failed attempts at mergers by the two satellite rivals. DirecTV said that it has notified Dish owner EchoStar (SATS) it plans to cancel the deal after bondholders in Dish and subsidiary DBS pushed back. DirecTV said the termination of the deal won't affect TPG's (TPG) acquisition of the 澳洲幸运5官方开奖结果体彩网:private-equity firm's remaining 70% stake in the satellite provider from telecommunications giant AT&T (T). Echo🌳Star shares are 3% lower in premarket trading, while those of AT&T are little changed.
4. Intuit Stock Falls on Disappointing Outlook Despite Ea🌜rꦑnings Beat
Intuit (INTU) shares are falling about 3% in premarket trading after the tax software maker's current-quarter revenue ♌🐷forecast disappointed investors. The TurboTax parent saw fiscal 2025 first-quarter revenue grow 10% year-over-year to $3.28 billion, above Visible Alpha consensus. The company's profit oꦐf $197 million or 70 cents per🀅 share declined from $241 million or 85 cents per share in the year-ago quarter, but also topped projections. However, the company's second-quarter revenue guidance of between $3.81 billion and $3.85 billion was below consensus.
5. Bitc🦹oin Approaches $100,000 as Investors Continue to Pile In
Bitcoin (BTCUSD) is edging higher as the 澳洲幸运5官方开奖结果体彩网:red-hot cryptocurrency nears the milestone price level of $100,000. On Thursday, investors cheered the 澳洲幸运5官方开奖结果体彩网:departure announcement by U.S. 澳洲幸运5官方开奖结🐻果体彩网:Securities and Exchange Commission (SEC) chair Gary Gensler, who has faced criticism from the crypto industry for his enforcement approach. Meanwhile, shares of 澳洲幸运5官方开奖结果体彩网:big bitcoin buyer MicroStrategy (MSTR) are up 5% in the premarket after sinking 16% Thursday, which lowered the stock's year-to-date gains to a mere 529%.