5 things you should know before the stock market opens
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US stock futures are sharply higher ahead of earnings and retail sales data. Taiwan Semiconductor Manufacturing Co., Ltd.TSM) shares are rising in premarket trading after the company reported better-than-expected earnings. UnitedHealth Group (UNH) shares are sinking after the health insurer reported results that missed expectations. Bank of AmericaBAC) joins other financial firms in posting stronger-than-expected results; And retail sales growth is expected to slow in December. Here’s what investors need to know today
US stock futures are mostly pointing higher. Encouraging inflation data and strong bank earnings Pushed indices higher yesterday. Nasdaq The index futures are 0.4% higher after rising 2.5% yesterday. S&P 500 The future is increasing, however Dow Jones Industrial Average The future is fading. Investors look for more Corporate income reports And economic data on retail sales today. Bitcoin (BTCUSD) was down 1% to trade at $99,000 and the yield on the 10-year Treasury note was slightly higher. Gold futures are rising but oil futures are falling.
US-listed Taiwan Semiconductor Manufacturing Company (Stock)TSM) rose 4% in premarket trading after the chipmaker. It posted a better-than-expected fourth-quarter profit And for energy view Artificial Intelligence (AI) Desire. The world’s largest contract chipmaker reported a profit of NT$374.68 billion ($11.37 billion), a 57% year-over-year increase and beating analysts’ estimate of NT$369.15 billion. TSMC also has one 34% jump in revenue for 2024.
UnitedHealth Group (UNH) shares were down about 3% in premarket trading after the health insurance giant reported Results that missed analysts’ expectations. Revenue rose 7 percent year-over-year to $100.8 billion, below the Alpha consensus, while earnings of $5.54 billion, or $5.98 per share, were also short of estimates. The company is fixed Earnings per share (EPS) High expectations of $ 6.81. The company confirmed its vision of 2025.
Bank of AmericaBAC) Quarterly results were posted higher than expectedJoin other financial firms in issuing strong earnings reports. The company reported $6.67 billion net income 25.35 billion dollars Income. Analysts commented on visible alpha Expected $6.32 billion and $25.02 billion respectively. Bank of America Net interest income It came in at $14.36 billion, above the $14.18 billion consensus. The company’s stock had risen more than 45 percent over the past 12 months through Wednesday’s close but was slightly lower in premarket trading after initially rising following the report.
