U.S. markets are poised for a cautious start, with futures trading lower amid a risk-off tone in global equities and firmer Treasury yields. The trading day is quiet on the economic data front, placing a greater focus on corporate news and international trends.
Stocks to Watch:
- LiveRamp Holdings, Inc. surged in after-hours trading last week following a strong earnings report and news of its $2.2 billion acquisition by Publicis.
- NVIDIA Corporation shares fell recently on concerns over China chip sales, with its highly anticipated earnings report scheduled for May 20th.
- Occidental Petroleum Corporation gained as rising oil prices, linked to geopolitical tensions, boosted the energy sector.
- Baidu, Inc. is expected to report its quarterly earnings pre-market, with investors balancing its AI growth prospects against advertising headwinds.
Looking ahead, with no major U.S. economic releases scheduled, traders will be closely monitoring corporate earnings and broader global market sentiment for direction.