U.S. futures are trading lower this morning as bond yields and oil prices rebound. Global markets were mixed overnight, with investor caution prevailing ahead of the Federal Reserve's policy meeting minutes release later today.
Stocks to Watch
- Meta Platforms, Inc.: Achieved a technical "golden cross" pattern and received a $1,000 price target from Wells Fargo, driven by success with its AI agent.
- NVIDIA Corporation: Hit a new record high, boosting its market value to $5.76 trillion on continued investor enthusiasm for artificial intelligence.
- Constellation Brands, Inc.: Gained in post-market trading after beating earnings expectations and reaffirming its full-year guidance.
- Levi Strauss & Co.: Set to report earnings after the market close, with investors watching its long-running streak of beating profit estimates.
All eyes will be on the release of the FOMC minutes at 2:00 PM ET. Traders will be scrutinizing the details for clues on the future path of interest rates, which could significantly impact markets.