U.S. futures are trading lower as investors cautiously await key reports on wholesale inflation and retail sales. This contrasts with a broader rally in global markets, which are buoyed by easing inflation concerns and expectations for future interest rate cuts.
Stocks to Watch:
- Moderna, Inc. surged over 17% after projecting 2025 revenue above forecasts and updating on its seasonal flu vaccine development.
- Intel Corporation gained 7.3% following analyst upgrades that cited robust demand for its server CPUs and artificial intelligence products.
- JPMorgan Chase & Co. fell 4.2% after reporting earnings below expectations, with its CEO warning about a proposed cap on credit card interest rates.
- Bank of America Corporation is set to report its fourth-quarter earnings pre-market today, with analysts expecting a significant increase in earnings per share.
Looking ahead, market direction will likely be influenced by today's releases of Producer Price Index (PPI) and Retail Sales data, along with commentary from several Federal Reserve speakers.