U.S. stock futures point lower after a volatile week of trading and President Donald Trump's comments from a weekend interview in which he failed to rule out a recession; Oracle (ORCL) shares are declining ahead of the cloud services giant's third-quarter earnings after the bell; Redfin (RDFN) shares soar 75% on news the digital real estate brokerage is being acquired by Rocket Companies (RKT) for $1.75 billion of equity value; and U.S.-listed shares of Novo Nordisk (NVO) are falling after the latest trial results of its CagriSema weight-loss drug. Here's what investors need to know today.
U.S. stock futures are pointing lower after a week of volatile trading due to ongoing uncertainty about the impact of policies coming out of the White House and fears that the U.S. economy is headed toward a big slowdown. S&P 500 futures are down more than 1% after the index's worst week since September. Nasdaq and Dow Jones Industrial Average futures are down by similar percentages. Yields on the 10-year Treasury note are lower at around 4.25% ahead of fresh inflation data this week. Gold futures are slipping. Oil futures are moving higher.
President Donald Trump this weekend dismissed business concerns over his tariffs policy on Canada, China, Mexico, and potentially other trading partners, saying the import taxes would bring "wealth back to America." In a taped interview with Fox News, Trump didn't rule out the possibility that disruptions from the tariffs could bring about an economic recession, arguing that their benefits to the economy could take "a little time."
Oracle (ORCL) shares are down 1.5% in premarket trading ahead of its quarterly earnings report scheduled to be released after markets close today. The cloud services giant is projected by analysts tracked by Visible Alpha to report year-over-year revenue growth of 8% to $14.38 billion, and adjusted earnings per share (EPS) of $1.49, up nearly 6%. The company may also make commentary on its $500 billion Stargate joint venture to build artificial intelligence (AI) infrastructure.
Redfin (RDFN) shares are jumping 75% on news the digital real estate brokerage is being acquired by Rocket Companies (RKT) for $1.75 billion. Rocket shares are sinking 11% after the Detroit-based mortgage lender said it was buying Redfin in an all-stock transaction for $12.50 per share. "Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers," Rocket Companies CEO Varun Krishna said.
Novo Nordisk's (NVO) U.S.-listed shares are dropping 7% in premarket trading after Phase 3 trial results of its next-generation weight-loss treatment. The Danish drugmaker's tests for CagriSema in patients with type 2 diabetes showed 15.7% average weight loss after 68 weeks, compared with 22.7% in a prior test. Both results were lower than Novo Nordisk's 25% weight-loss goal for the drug.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。