U.S. stock futures are little changed after markets stepped back from record highs on tech sector jitters; GameStop (GME) reports earnings after markets close today; Oracle (ORCL) shares drop as the tech firm’s revenue comes in lower than expected; European regulators reportedly are seeking information from Alphabet's (GOOGL) Google on its advertising program targeting teens on Meta Platforms' (META) Instagram; and Taiwan Semiconductor Manufacturing Co. (TSM) posts strong November sales, showing that AI demand remains strong for the Apple (AAPL) and Nvidia (NVDA) supplier. Here's what investors need to know toda🅠y.
1. US Stock Futures Flat After Indeꦓxes Decline Monday
U.S. stock futures are little changed after major indexes 澳洲幸运5官方开奖结果体彩网:began the week on a down note, due in part to weakness in the tech sector. Nasdaq and 澳洲幸运5官方开奖结果体彩网:S&P 500 futures are ticking higher, while 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average futures are pointing marginally lower. Investors are preparing to digest more earnings reports today and watching for 澳洲幸运5官方开奖结果体彩网:inflation data later this week. Bitcoin (BTCUSD) is sligh🗹tly lower at around $97,000, while gold futures are 0.6% higher. Oil futures are 0.5% lower and yields ജon the 10-year Treasury note are slightly higher at above 4.2%.
2. GameStop to Report Q3 Results After Bell
GameStop (GME) shares are edging lower in premarket trading ahead of the video game retailer's third-quarter earnings report after markets close today. The report comes after the stock briefly surged last week after a cryptic social media post by 澳洲幸运5官方开奖结果体彩网:meme-stock hero 澳洲幸运5官方开奖结果体彩网:Keith "Roaring Kitty" Gill evidently 澳洲幸运5官方开奖结果体彩网:inspired some investors to buy in. GameStop stock is not widely followed by Wall Street analysts, with the one analyst tracked by Visible Alpha giving it 澳洲幸运5官方开奖结果体彩网:an "underperform" rating and $10 pri﷽ce target, well below the $27.93 price shares closed at on Monday.
3. Oracle Stock Sinks on Lower-Than-Expected R💞evenue
Oracle (ORCL) stock is sinking 6% in premarket trading after the tech firm reported quarterly 澳洲幸运5官方开奖结果体彩网:revenueไ that missed analysts' expectations. The cloud services giant, whose shares hit record highs last week on enthusiasm over 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) demand, reported revenue of $14.06 billion, up 9% year-over-year but below Visible Alpha estimates. Net income of $3.15 billion or $1.10 per share, up from $2.5 billion or 89 cents per share a year earlier, beat estimates. Adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.47 slightly missed expectations.
4. European Regulators Reportedly Probe Google Over Teen-Targeted Ads෴
European regulators are seeking more information from Alphabet's (GOOGL) Google about the secret advertising partnership the search giant had with 澳洲幸运5官方开奖结果体彩网:Instagram parent Meta Platforms (META), the Financial Times reported. The deal, which has since been ended, 澳洲幸运5官方开奖꧃结果体彩网:targeted Instagram advertisements to teenagers on YouTube, circumventing Google's rules barring personalized ads to those under 18. Shares of🅺 both Alphabet an💜d Meta Platforms are higher in premarket trading.
5. Apple🐓, Nvidia Supplier TSMC Posts November Sales🙈 Jump
Taiwan Semiconductor Manufacturing Co. (TSM) posted a 澳洲幸运5官方开奖结🔜果体彩网:34% year-over-year jump in November sales, a signal that demand for AI-focused chips remains strong for the Apple (AAPL) and Nvidia (NVDA) supplier. The company reported November sales of 276.06 billion 澳洲幸运5官方开奖结果体彩网:New Taiwan dollars ($8.48 billion), down 12% from October's figures, while revenue between January and November has jumped 32% year-over-year. U.S.-listed shares of TSMC, the world's 澳洲幸运5官方开奖结果体彩网:largest contract chip manufacturer, are falling about 1% in premarket trading but have almost doubled this💃 year.