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5 Things to Know Before the Stock Market Opens

News of the day for Nov. 22, 2024

Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell on November 13, 2024

ANGELA WEISS / AFP via Getty Images

U.S. stock futures are slightly lower but major indexes remain on track for a positive week; Gap (GAP) shares are jumping in premarket trading as the retailer reported better-than-expected results and lifted its outlook on anticipation of strong holiday sales; DirecTV ends efforts to buy Dish Network after bondholders pushed back on the deal; Intuit (INTU) shares are dropping after its revenue outlook came in below expectations; bitcoin (BTCUSD) is little changed a🌺s investors watch to see if the surging cryptocurrency can cross the $100,000 m✅ark. Here's what investors need to know today.

1. US Stock Futures Po𓃲int Lower But Indᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚexes Poised for Positive Week

U.S. stock futures are pointing slightly lower but major stock indexes are still on track to turn in a positive week after 澳洲幸运5开奖号码历史查询:earlier gains o🍃n pꦅositive earnings news. Nasdaq futures are 0.2% lower, 澳洲幸运5开奖号码历史查询:S&P 500 futures are down 0.1% after the benchmark index comes off a fourth straight session of gains, and 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average futures are little changed after the index surged by 1.1% Thursday. Treasury yields are slightly lower and crude futures are down 🅠about 0.5%, while gold futures are about 1% higher.

2. Gap Stock Soars as Retailer Raises Outlook

Gap (GAP) shares are 澳洲幸运5开奖号码历史查询:soaring by 15% in premarket trading after the clothing retailer reported stronger-than-expected third-quarter results and 澳洲幸运5开奖号码历史查询:raised its sales outlook. The Old Navy parent reported 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of 72 cents on revenue of $3.83 billion, both topping consensus estimates of analysts polled by Visible Alpha. The company now anticipates fiscal 2024 sales to grow between 1.5% anﷺd 2% compared to its earlier guidance of “up slightly," as the retailer pointed to a strong holiday season.

3. DirecTV Ends Decad𒁏es-Long Effort to Buy D🌺ish Network

DirecTV has scrapped its 澳洲幸运5开奖号码历史查询:acquisition of Dish Network, coming amid decades of failed attempts at mergers by the two satellite rivals. DirecTV said that it has notified Dish owner EchoStar (SATS) it plans to cancel the deal after bondholders in Dish and subsidiary DBS pushed back. DirecTV said the termination of the deal won't affect TPG's (TPG) acquisition of the 澳洲幸运5开奖号码历史查询:private-equity firm's remaining 70% stake in the satellite provider from telecommunications giant AT&T (T). Ech🤪oStar shares are 3% lower in premarket trading, while those of AT&T are little changed.

4. Intuit Stock Fall⭕s on Disappointing Outlook Despite Earnings Beat

Intuit (INTU) shares are falling about 3% in premarket trading after the tax software maker's current-quarte🅘r revenue forecast disappointed ꧃investors. The TurboTax parent saw fiscal 2025 first-quarter revenue grow 10% year-over-year to $3.28 billion, above Visible Alpha consensus. The company's profit of $197 million or 70 🐬cents per share declined from $241 million or 85 cents per share in the year-ago quarter, but also topped projections. However, the company's second-quarter revenue guidance of between $3.81 billion and $3.85 billion was b♏elow consensus.

5. Bitcoin Approaches $100,000 as Investors Continue to Pileꦦ In

Bitcoin (BTCUSD) is edging higher as the 澳洲幸运5开奖号码历史查询:red-hot cryptocurrency nears the milestone price level of $100,000. On Thursday, investors cheered the 澳洲幸运5开奖号码历史查询:departure announcement by U.S. 澳洲幸运5开奖号码历史查询:Securities and Exc꧟ha𝔉nge Commission (SEC) chair Gary Gensler, who has faced criticism from the crypto industry for his enforcement approach. Meanwhile, shares of 澳洲幸运5开奖号码历史查询:big bitcoin buyer MicroStrategy (MSTR) are up 5% in the premarket after sinking 16% Thursday, which lowered the stock's year-to-date gains to a mere 529%.

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