U.S. stock futures are pointing to a higher open this morning, led by gains in the technology sector. The market is weighing mixed overnight performance in Asia and recent weakness in tech stocks ahead of key economic data.
Stocks to Watch:
- Ross Stores, Inc.: Shares jumped 8% in after-hours trading after the company reported better-than-expected second-quarter earnings.
- Tesla, Inc.: The company announced price increases today for some of its Cybertruck models in the United States.
- Bank of Montreal: Is scheduled to report its second-quarter earnings pre-market today, with analysts expecting $2.69 per share.
- Broadcom Inc.: The stock has recently slid due to competition fears stemming from a deal between Marvell and Google.
Looking ahead, investors will be closely watching the Consumer Confidence report, scheduled for release at 10:00 AM, for insights into the economic outlook. Sentiment in the technology sector, particularly around Nvidia's earnings, will also be a key market driver.