U.S. stock futures are pointing to a higher open, following positive overnight sessions in Europe and Asia. Today's trading is expected to be quiet on the economic front, with no major data releases scheduled.
Stocks to Watch
- Baidu, Inc. jumped 9.4% in pre-market trading after announcing plans to spin off its AI computer chip unit, Kunlunxin, for a Hong Kong listing.
- Taiwan Semiconductor Manufacturing Company rose 1.4% on reports that NVIDIA requested increased production of its H200 AI chips for 2026 due to strong demand.
- Corcept Therapeutics Incorporated plunged 50.4% after the U.S. Food and Drug Administration declined to approve its hypercortisolism drug, relacorilant.
With a light economic calendar, look for market direction to be influenced by individual company news and residual momentum from the previous session.