U.S. stock futures are pointing to a slightly higher open this morning, driven by varied reactions to major corporate earnings and rising commodity prices. The economic calendar is quiet today, placing a greater focus on individual company performance.
Stocks to Watch:
- Meta Platforms, Inc. rose 7% in pre-market trading after reporting strong earnings and demonstrating controlled capital expenditure.
- Microsoft Corporation fell 6.11% despite an earnings beat, as investors showed concern over a 66% surge in AI spending and slower cloud growth.
- Tesla, Inc. gained 1.7% despite weaker profits, following an announcement that it would end Model S/X production to prioritize its Optimus robot program.
- Apple Inc. reports its fiscal first-quarter earnings after the market closes today, with options traders anticipating a significant stock movement.
Looking ahead, today's earnings reports from Visa Inc., American Express Company, Caterpillar Inc., and Honeywell International Inc. will be closely monitored for further insights into consumer spending and industrial health.