US Futures Tick Up After Inflation Disappoints
REUTERS
Dow futures are up 59 points, S&P 500 futures are up 9 points, and Nasdaq futures are up 21 points.
It's also been a busy morning for earnings, with McDonald's results disappointing, while Coca-Cola's earnings per share beat expectations by a penny.
It's a busy day for economic data, with existing home sales data, as well as the latest manufacturing report from the Richmond Fed, due out at 10:00 am ET.
Activist investor Bill Ackman is also giving what he called "the biggest presentation of his career" this morning on Herbalife, a company he has been famously short for more than 18 months. In pre-market trading, Herbalife shares were down nearly 4%.
His presentation is expected to start at 9:15 am ET, and we'll be covering it live.
FinViz.com
- Devyani International posts net loss of ₹48.95 crore in Q4
- ChatGPT maker OpenAI has launched GPT-4o, a new AI voice assistant
- 9 lakes to explore in Uttarakhand in summer
- Jackie Shroff moves Delhi HC, files suit against entities using his name, voice and word "Bhidu" without consent
- AI spending in India may triple to USD 5 bn by 2027: Report