Stock Market Today: Dow Jones, S&P 500 Future Rise Ahead Of Thanksgiving Holiday—Dell Technologies, Autodesk, Uber In Focus

Benzinga

U.S. stock futures rose on Wednesday after Tuesday’s advances. Futures of major benchmark indices were higher.  The three-day winning streak comes amid a holiday-shortened week, as the markets will be closed on Thursday and open till 1:00 p.m. ET on Friday.  Traders are aggressively pricing in a December cut amid dovish central bank guidance.

Transcript

00:00futures are green ahead of this morning's open on the day before thanksgiving s&p futures up 0.21

00:14percent dow futures up 0.05 percent and nasdaq leading the way higher at 0.38 percent let's go

00:22ahead and take a look at some cues from last session communication services health care and

00:27consumer discretionary stocks recorded the biggest gains on tuesday leading most s&p sectors into

00:33positive territory the three-day winning streak comes amid a holiday shortened week as the markets

00:39will be closed on thursday and only open till 1 p.m eastern on friday meanwhile the 10-year treasury

00:47bond yielded 4.01 percent and the two-year bond was at 3.46 percent traders are aggressively pricing in

00:55a december rate cut amid a dovish central bank guidance that cme watch tool is now up to 84

01:02percent so it certainly feels like we're getting a rate cut in the december meeting which is several

01:08weeks away just be advised things can change between now and then but so far looks pretty good

01:14now we do have some stocks in focus here today some of them are going to be a repeat of yesterday as

01:20those companies have reported earnings and the first one here is dell which jumped 4.94 percent

01:25after reporting mixed financial results for the third quarter on tuesday it did raise its full year

01:30outlook expect expecting fiscal 2026 revenue in the range of 111.2 billion to 112.2 billion that was up from

01:40a prior guide of 105 to 109 billion also worth noting here the options implied about a five and a half

01:46percent move on dell we didn't get that that's been common for some of these technology stocks although

01:52dell still holding higher in the pre-market here today the next stock on our list here is going to

01:58be hp that's ticker hpq that tumbled 5.67 percent despite posting better than expected earnings for

02:05the fourth quarter after tuesday's closing bell however the company announced layoffs and issued week

02:11forward guidance and again the guide has really been the crux of the earnings report that generally

02:17determines the direction of the stock lowered guidance here for hp not a surprise to see that

02:22sinking the next stock on our list here is going to be autodesk that's ticker adsk that climbed by seven

02:28percent following third quarter earnings revenue earnings and revenue beat excuse me it also guided for

02:33full year revenue of 7.15 billion to 7.17 billion and raised its full year adjusted earnings guidance to a

02:40new range of 10.18 to 10.25 per share versus the estimate of 9.95 per share the next stock on our list

02:49here is going to be zscaler this is ticker zs that dropped 7.15 percent despite beating analyst estimates

02:56on the top and bottom lines and raising its fiscal 2026 adjusted eps and revenue outlook now this the

03:03opposite right we had a guide raise here and a top and bottom line beat zscaler still down by seven percent

03:09here perhaps a bounce play here today as in the pre-market today it is a little bit stronger than

03:15the after hours where it settled out yesterday by the way that after hours low on zscaler yesterday was

03:21260.10 cents today the stock is 272 in the pre-market so still 12 points higher than the impulse low from

03:29last night the last stock on our list here is going to be uber ticker uber that was up 0.73 percent

03:36after it announced the launch of level 4 fully driverless robo taxi commercial operations in

03:43abu dhabi along with we ride ticker wrd that's one stock that we've been trading recently here

03:49that gained 1.52 percent

03:52you

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