U.S. stock futures are pointing to a lower open as global risk aversion takes hold. Investors are cautiously awaiting key economic data, including the Producer Price Index, for further direction on inflation.
Stocks to Watch
- Zoom Video Communications, Inc. is trading down over 11% in the pre-market after the company issued disappointing guidance for the upcoming quarter.
- Pure Storage, Inc. and Nu Holdings Ltd. are also under pressure, falling approximately 10% and 9.5% respectively following their latest financial reports.
- NVIDIA Corporation remains in focus after slumping over 5% in the previous session despite a strong earnings beat, creating jitters across the broader tech sector.
- Dell Technologies Inc. reported strong Q4 results after yesterday's close, driven by growth in its AI infrastructure business.
- Gogo Inc. and Globalstar, Inc. are scheduled to report their quarterly earnings before the market opens today.
Looking ahead, traders will be closely monitoring the official release of the Producer Price Index and Chicago PMI data for new insights into economic health and future market direction.