U.S. stock futures are trading higher this morning, with markets showing a positive reaction after the Democrats gained control of Congress. This rebound comes as investors look past recent AI-regulation concerns and focus on upcoming earnings and economic data.
Stocks to Watch:
- Advanced Micro Devices, Inc.: Rises over 7% in pre-market trading, driven by earnings optimism and a better-than-expected sales forecast.
- Arista Networks, Inc.: Advances nearly 12% pre-market following a strong earnings report.
- Ouster, Inc.: Jumps over 15% in pre-market activity on positive earnings news.
- Arm Holdings plc: Set to report earnings after the market closes, providing a key update for the semiconductor and AI sectors.
- Uber Technologies, Inc.: Reports earnings before the market opens, offering insights into consumer spending and the gig economy.
- Apple Inc.: Remains in focus after falling yesterday on a weaker-than-expected margin forecast, despite strong revenue.
Looking ahead, traders will be monitoring the release of the Trade Balance and Services PMI data this morning for further indications of economic health.