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  • 11 months ago
U.S. stock futures fell on Thursday following Wednesday’s mixed close. Futures of major benchmark indices were lower.

The AI frenzy is still in full swing. Advanced Micro Devices (NASDAQ:AMD) surged over 11%, while Micron Technology (NASDAQ:MU) gained around 6% on Wednesday.

Meanwhile, the Fed minutes released on Wednesdays showed that President Donald Trump‘s trade tariffs continue to weigh on the outlook for growth and inflation, raising concerns over how long the Federal Reserve can stick with its planned cycle of interest rate cuts.

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00:00all right s&p futures flattish here today as um or futures flattish here today s&p futures
00:13literally flat 0.00 uh so they are at unch uh dow futures here down 0.03 percent and the nasdaq
00:20futures here also down 0.03 percent so i guess technically a little bit in the red but for all
00:25intents and purposes that is flat let's take a look at some cues from last session recording the
00:32biggest gains on wednesday was industrials information technology and utility stocks which
00:36led most s&p sectors to a positive close though energy and financial stocks bucked the overall
00:42market trend and ended lower the ai frenzy is still in full swing as amd advanced micro devices surged
00:52over 11 percent while micron gained around six percent so some of these ai names still continuing
01:00to put um just humongous gains in i definitely if you guys are interested in any of these ai trades
01:06whether they're short or long that's something that we should definitely talk about here today
01:10uh meanwhile the fed minutes released on wednesday showed that president trump's trade tariffs continue
01:15to weigh on the outlook for growth and inflation raising concerns over how long the federal reserve
01:20can stick with its planned cycle of interest rate cuts additionally trump announced on wednesday that
01:27both israel and hamas have agreed to the phase one the initial phase of the peace plan phase one
01:33the 10-year treasury bond yielded 4.13 percent and the two-year bond yielded 3.59 percent now we do have
01:41several stocks in focus here today first one's going to be pepsi ticker pep that was up 0.27 percent in the
01:48pre-market on thursday ahead of its earnings scheduled to be released before the opening bell
01:52that's happened uh that's happened now pepsi is actually trading higher just by about only 60 cents
02:02it was actually up several points but it's paired back some of those gains we'll see how pep trades here
02:08today turn therapeutics is also on our list here today ticker there is ttrx it surged 271.43 percent
02:17after the clinical stage biotech company commenced trading in the nas on the nasdaq capital markets
02:22on wednesday um erwa ticker yy ai gained 47.72 percent after the maryland-based technology company
02:32rebranded itself from connexa sports technologies marking a shift from sports technology to web 3 and
02:39blockchain-based financial services seems like a pretty obvious switch there doesn't it delta airlines
02:46ticker dal was up 0.75 percent ahead of its earnings scheduled to release before the opening
02:52bell analysts expect in earnings of a buck 52 per share on revenue of 15.04 billion uh delta is beating
03:00and trading higher in fact in the pre-market here today delta put in a high of 61 dollars and right
03:05now it actually looks like it's trying to curl back up to that spot so we'll see if delta continues to
03:11extend some gains that has been doing a good job staying above its 200-day moving average recently
03:16last stock on the list here is going to be levi's strauss that's ticker levi and that was up 0.32
03:22percent uh as analysts expected to post quarterly earnings of 31 cents per share on revenue of 1.5
03:291.5 billion that earnings report comes after the closing bell
03:321.5 billion that earnings report comes after the closing bell
03:321.5 billion that earnings report comes after the closing bell
03:321.5 billion that earnings report comes after the closing bell
03:321.5 billion that earnings report comes after the closing bell
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