Global markets are trading lower this morning, driven by escalating geopolitical tensions and renewed inflation concerns from the Federal Reserve. This risk-off sentiment has also pushed Brent crude oil prices significantly higher.
Stocks to Watch: * Macy's, Inc.: Surged nearly 9% in pre-market trading after its strong Q4 earnings and sales beat expectations, indicating resilient consumer spending. * Micron Technology, Inc.: Saw after-hours volatility after Q2 revenue nearly tripled, but then slid 5% on news of increased 2026 capital spending. * GE Vernova: Raised its 2026 revenue guidance to $44-45 billion, driven by AI demand, and is poised for significant EPS growth in 2025. * FedEx Corporation: Reports earnings after the market close today, with expectations for higher revenue but lower profits, which will provide insight into the logistics sector.
Looking ahead, with a clear US economic calendar, market direction will likely be influenced by geopolitical developments and the key earnings report from FedEx Corporation this afternoon.