U.S. stock futures are mixed in pre-market trading, with technology shares showing strength while the broader market is subdued. Investors are cautiously awaiting key economic data and the Federal Reserve's interest rate decision later today.
Stocks to Watch * SpaceX: Surged over 4% yesterday, reaching a $2.65 trillion market cap after its IPO, and announced a $60 billion AI acquisition. * Marvell Technology, Inc.: Fell over 9% yesterday as chipmakers retreated, reflecting profit-taking and rotation out of the tech sector. * CarMax, Inc.: Reports earnings pre-market today; investors will watch for insights into consumer spending and the used auto market. * Jabil Inc.: Reports earnings today; as a large manufacturing services company, its results will offer insights into global supply chains.
Look for market direction to be heavily influenced by the Retail Sales report this morning and the Federal Reserve's policy statement and economic projections this afternoon.