Stock Market Today: Dow Futures Pare Losses As Investors Await Fed's Preferred Inflation Data— Netflix Inks $82.7B Deal For Warner Bros

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U.S. stock futures pared earlier losses and advanced on Friday after ending in a mixed manner on Thursday. Futures of major benchmark indices were higher.

Investors await the September reading of the Federal Reserve's preferred inflation gauge, the PCE price index, a marquee event delayed by the recent government shutdown.

Streaming giant Netflix Inc. (NASDAQ:NFLX) said on Friday it will acquire HBO owner Warner Bros Discovery (NASDAQ:WBD) in a deal valued at about $82.7 billion.

Meanwhile, according to Challenger, Gray & Christmas, U.S. job cuts fell 53% month-over-month in November, but the total of 71,321 remained 24% higher than a year ago, reflecting a cautious labor market grappling with soft demand, tariff pressures, and rising costs.

The 10-year Treasury bond yielded 4.11% and the two-year bond was at 3.53%. The CME Group's FedWatch tool‘s projections show markets pricing an 87% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Friday. The SPY was up 0.24% at $686.03, while the QQQ advanced 0.34% to $625.05, according to Benzinga Pro data.

Transcript

00:00all right futures in the green slightly ahead of friday's open here s p futures up 0.19 percent

00:13dow futures up 0.1 percent and the nasdaq leading the way higher 0.32 percent let's take a look at

00:21some cues from last session industrials and information technology stocks bucked the overall

00:27trend to close higher on thursday while consumer staples health care and consumer discretionary

00:33sectors posted the day's significant losses u.s stocks ultimately settled mixed though the nasdaq

00:39composite managed to gain around 50 points ahead of next week's widely anticipated federal reserve

00:45cut i guess we should say federal reserve meeting but the fomc tool says that it's about a 90 chance

00:51of a cut investors await the september reading of the federal reserve's preferred inflation gauge

01:00pce price index a marquee event delayed by the recent government shutdown meanwhile according

01:06to challenger gray and christmas u.s job cuts fell about 53 percent month over month in november

01:12but the total of 71 321 remained 24 percent higher than a year ago reflecting a cautious labor market

01:19grappling with soft demand tariff pressures and rising costs the 10-year the 10-year treasury bond

01:26excuse me yielded 4.11 percent and the two-year bond was at 3.53 percent now we do have some stocks

01:33in focus here today the big one is going to be netflix netflix fell uh 0.52 percent in the pre-market

01:39on friday despite outbidding rivals in the warner brothers discovery auction and entering exclusive

01:45negotiations we'll dive into that story a little bit more here uh in a few minutes next on the list

01:52here is hewlett packard enterprise that's ticker hpe that tumbled 9.17 percent after reporting mixed

01:59fourth quarter financial results and issuing weak first quarter sales guidance the company's revenue

02:05rose 14 percent year over year to 9.68 billion versus estimates of 9.94 billion adjusted earnings came

02:12at 62 62 cents per share topping market estimates of 58 cents per share the next stock on our list here

02:20is going to be cooper companies this is ticker c-o-o and it gained 12.94 percent after reporting better

02:27than expected fourth quarter financial results and issuing full year 26 guidance above estimates

02:32zoomiaz is our next stock that's ticker z-u-m-z it jumped 14.09 percent after reporting upbeat results

02:41for the third quarter and issuing strong fourth quarter sales outlook zoomiaz reported quarterly

02:48earnings of 55 cents per share and quarterly sales of two uh 239.132 million both of which beat

02:56analyst consensus now the last stock on our list is the wild one indeed it is security matters ticker

03:03smx it soared 43.52 percent after reports it voted on 16 proposals at its annual general meeting in

03:13dublin approving all six of them by a majority according to a form 6k filed with the securities

03:18and exchange commission this company put out like nine prs yesterday we'll see how it moves here today but

03:25it was up huge very very low float stock up huge in today's pre-market

Stock Market Today: Dow Futures Pare Losses As Investors Await Fed's Preferred Inflation Data— Netflix Inks $82.7B Deal For Warner Bros

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