U.S. stock futures indicate a modestly higher open, continuing cautious optimism from global markets amid easing inflation concerns. With no major economic data scheduled, investor focus is shifting towards corporate earnings and the upcoming Federal Reserve meeting.
Stocks to Watch
- Confluent: Shares surged 31.8% in pre-market trading following reports that IBM is in advanced discussions to acquire the data-infrastructure company.
- Salesforce: The stock remains in focus after jumping 24.4% on December 5th, driven by a strong third-quarter earnings report that surpassed analyst estimates.
- Toll Brothers: The company is expected to report its fourth-quarter earnings today, offering a key update on the health of the housing sector.
Looking ahead, market direction will likely be influenced by individual company performance and any new commentary regarding the Federal Reserve's future interest rate policy.