U.S. futures are mixed this morning as traders await key economic data on trade and services for further direction. Global sentiment is cautiously optimistic, supported by easing oil prices and strength in Asian markets.
Stocks to Watch
- Snowflake Inc. jumped over 23% in premarket trading after issuing a strong annual outlook driven by the adoption of its AI products.
- Broadcom Inc. fell more than 2% after the company provided a weaker-than-expected revenue forecast.
- Dell Technologies Inc. remains in focus after surging nearly 16% on the back of strong earnings and an upgraded full-year forecast, citing high demand for its AI servers.
- Palo Alto Networks Inc. declined over 9% after its revenue and profit figures for subscription and support services missed analyst estimates.
- Ciena Corporation is scheduled to report earnings before the market opens today.
Looking ahead, the market will be closely watching the U.S. trade balance report at 8:30 AM and the more influential services PMI data at 10:00 AM. These releases are expected to provide insight into the economy's health and could influence market direction for the day.