Stock futures for the Dow Jones, S&P 500, and Nasdaq all saw slight increases early Monday, with attention focused on major companies like Apple, Google-parent Alphabet, Microsoft, Nvidia, and Tesla.
The stock market rally has been on the rise, hitting near record highs last week. However, looming inflation reports could potentially impact this trend.
Apple is reportedly nearing a deal with OpenAI to incorporate its technology into the upcoming Apple iOS 18. Meanwhile, Google was also in talks with OpenAI. Tesla announced a new low-rate financing offer for the Model Y, causing its stock to rise slightly.
Nvidia saw an increase in stock value after HSBC raised its price target. Arm Holdings is set to unveil its first artificial intelligence chip designs next year, which led to a rise in its stock value.
The 10-year Treasury yield edged down slightly, while crude oil futures saw a minor increase. It’s important to note that premarket movements may not accurately reflect actual trading in the regular stock market session.
Inflation reports are on the horizon, with the producer price index scheduled for Tuesday and the consumer price index for Wednesday. These reports will provide insights into the current inflation rate.
Apple’s potential partnership with OpenAI could have significant implications for the tech giant and its competitors. Google stock fell slightly, and Microsoft saw a slight increase as a major investor in OpenAI.
Overall, the stock market appears to be in a positive trajectory, but investors should monitor inflation reports and the ongoing developments in the technology sector closely.
