U.S. stock futures are pointing to a lower open, led by weakness in the technology sector. With no major economic data scheduled today, investor focus remains on corporate earnings and individual company performance.
Stocks to Watch:
- NVIDIA Corporation: Rose 2% in the previous session, driven by continued strong demand for its artificial intelligence chips.
- QUALCOMM Incorporated: Jumped 8.4% yesterday on robust chip momentum and ongoing optimism surrounding artificial intelligence.
- Siemens Energy AG: Raised its full-year financial outlook after reporting strong second-quarter earnings.
- On Holding AG: Is reporting earnings pre-market today, with options markets indicating the potential for a significant price move.
Looking ahead, traders will be closely watching reactions to corporate earnings, particularly within the tech sector, for directional cues.