U.S. stock futures are pointing to a lower open as markets digest mixed international data, including rising inflation in Japan and falling industrial profits in China.
Stocks to Watch:
- Nvidia Corporation: Rose 1% on December 26th following a $20 billion licensing deal with AI chip startup Groq, boosting its AI leadership.
- Target Corporation: Stock rose over 3% on December 26th after activist investor Toms Capital reportedly acquired a significant stake.
- Apple Inc.: Received positive news as China's November iPhone imports surged 128% year-over-year, indicating strong international demand.
- Tesla, Inc.: Fell 2.1% on December 26th, leading 'Magnificent Seven' losses, amid sales concerns and CEO Elon Musk's public image.
Looking ahead, with no major U.S. economic data scheduled today, traders will be monitoring how the market reacts to these overnight developments and individual company news.