U.S. stock futures are mixed this morning as weakening global shares and elevated oil prices weigh on market sentiment. Investors are also anticipating key housing market data scheduled for release later today.
Stocks to Watch:
- Netflix, Inc.: Reports third-quarter earnings after the market closes today, with a focus on subscriber growth and revenue.
- International Business Machines Corporation: Set to report third-quarter earnings tomorrow, with attention on its cloud revenue and AI initiatives.
- JPMorgan Chase & Co.: Remains in focus following its recent $50 billion share buyback announcement and a 10% dividend hike.
- Premarket Movers: CoreWeave, Nebius, Apple Inc., and NVIDIA Corporation are all seeing declines in premarket trading.
Looking ahead, today's housing starts and building permits figures will be closely monitored for insights into the housing sector's health and its potential impact on the broader economy.