U.S. stock futures are pointing mostly higher as investors review corporate earnings and ready for economic data; Apple (AAPL) is expected to report growing revenue and profit after the bell; Tesla (TSLA) shares are rising in premarket trading after it delivered an optimistic forecast on its Full Self-Driving (FSD) technology; Meta Platforms (META) stock is gaining after it reporting strong revenue growth, while Microsoft (MSFT) shares are declining on disappointing cloud sales; and IBM (IBM) shares are jumping ⛎after it൲ reported better-than-expected results. Here's what investors need to know today.
1♓. US Stock Futures Point Mostly Higher as Investors Await GDP Data𒊎
U.S. stock futures are pointing mostly higher as investors eye corporate earnings results and prepare for release of fourth-quarter U.S. 澳洲幸运5开奖号码历史查询:gross domestic product (GDP) data, which is expected to 🦂show economic growth dipped to a 2.5% annual rate. Nasdaq futures are up 0.5% following yesterday's 澳洲幸运5开奖号码历史查询:markets decline. 澳洲幸运5开奖号码历史查询:S&P 500 futures are 0.2% higher and 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average futures are ticking lower. Bitcoin (BTCUSD) is up more than 1% at around $105,000, while gold futures are nearly 1% higher. Yields on the 10-yearಌ Treasury note and oil futures are ticking lower.
2. Apple Expected to Post Revenue, Profit Gain🍸s After Cl꧂osing Bell
Apple (AAPL) is slated to report fiscal first-quarter results after the bell, and analysts polled by Visible Alpha 澳洲幸运5开奖号码历史查询:project revenue of $124.39 billion, up 4% year-over-year, with iPhone revenue growing 2% to $70.72 billion. Profit is expected to climb to $35.63 billion, or $2.35 per share, up from $33.92 billion, or $2.18 per share. 澳洲幸运5开奖号码历史查询:Analysts have issued mixed ratings for the stock, 𝔉which is edgi🦄ng lower in premarket trading.
3. Tesla Stock Rises as Musk Promotes Advances ๊in Self-Driving Tech
Tesla (TSLA) shares are 3% higher in premarket trading after CEO 澳洲幸运5开奖号码历史查询:Elon Musk told investors on the electric vehicle maker's earnings call that the company continues to make progress ♐on its Full Self-Driving (FSD) technology. Tesla plans to use the unsupervised version of the technology at its plant near Austin, Texas, in advance of a broader public release possibly later this year. Shares are rising even though Tesla reported 澳洲幸运5开奖号码历史查询:worse-than-expected results.
4. Meta Stock Rises, Microsoft Shares Decline After Qua👍rterly Reports
Shares of Meta Platforms (META) and Microsoft (MSFT) are moving in opposite directions in premarket trading after the 澳洲幸运5开奖号码历史查询:"Magnificent Seven" tech firms reported earnings after the bell Wednesday. Meta stock is nearly 2% higher after the 澳洲幸运5开奖号码历史查询:social media giant reported 20% year-over-year 澳洲幸运5开奖号码历史查询:growth in revenue, led by a jump in advertising revenue. Microsoft shares are 4% lower even though the company posted a 12% revenue rise, surpassing the Visible Alpha consensus estimate. However, the software firm's 澳洲幸运5开奖号码历史查询:Intelligent Cloud segment revenue was below expectations.
5. IBM Stock Surges as AI Business Grows
IBM (IBM) stock is surging 9% in premarket trading after the 澳洲幸运5开奖号码历史查询:tech firm reported bett🔜er-than-expected earnings stemming from its AI-enabled business. IBM reported adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $3.92, above the consensus estimate of $3.79 of analysts polled by Visible Alpha. Revenue of $17.55 billion was a tick higher than expected. IBM CEO Arvind Krishna said its generative AI business grew by $2 billion from the prior quarter as the company's products "provide clients with a consistent and scalable AI foundation built on open source technology."