S&P 500, Nasdaq futures rise as Micron boosts tech after sell-off, CPI report looms
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US stock futures rose on Thursday, eyeing a recovery from Wall Street’s tech-fueled sell-offas investors waited for the latest reading on consumer inflation that could help set expectations for the path of interest rates.
S&P 500 futures (ES=F) moved up 0.4%, while those on the Nasdaq 100 (NQ=F) gained roughly 0.8%, looking to rebound after Oracle (ORCL)-propelled AI trade worries spurred another bruising session for tech. Meanwhile, Dow Jones Industrial Average futures (YM=F) edged up 0.1%.
Wall Street is keeping watch for more signs of tech malaise after Oracle lost key backing for a $10 billion data center project, sending its stock tumbling Wednesday along with heavyweight names like Nvidia (NVDA) and Broadcom (AVGO), among others.
Meanwhile, markets are waiting for Thursday’s report on the consumer price index for November, originally scheduled for Dec. 10. But as with Tuesday’s monthly jobs report, the inflation data could be less reliable than normal thanks to the US government shutdown. For one thing, month-on-month comparisons will be missing, given the disruption to the collection of CPI data in October.
That will make it more difficult to gauge the momentum of inflation. At the same time, the Federal Reserve seems more attentive to cracks in the labor market than to price pressures. On Wednesday, Fed governor Chris Waller signaled support for rate cuts before the release of the CPI update.
Trump Media, TAE Technologies to combine in $6B deal
Trump Media & Technology Group (DJTWW) stock soared 28% before the bell after announcing that it will combine with TAE Technologies Inc. (TATE.PVT) in an all-stock transaction valued at $6 billion, according to a statement from TAE on Thursday. DJT (DJT) stock rose 17% during premarket trading today following the news.
The deal will create the world’s first publicly traded fusion companies.
Premarket trending tickers Maplebear, Coinbase and Birkenstock
Maplebear Inc. (CART) stock fell 6% before the bell on Thursday following the news that rival DoorDash will be partnering with OpenAI to offer a grocery-shopping app within ChatGPT’s platform. Maplebear, which operates under the brand name Instacart,also launched its own app with OpenAI earlier this month.
Coinbase (COIN) stock rose 2% during premarket trading. The crypto exchange announced it will be rolling out stock trading and prediction markets on its app, placing it in direct competition with Robinhood.
Birkenstock (BIRK) stock fell 7% during premarket trading. The German shoemaker reported better-than-expected fourth quarter results but offered a cautious outlook for fiscal 2026, which fell short of analysts estimates.
Elliott said to build a $1 billion-plus stake in Lululemon
Shares of Lululemon (LULU) are rising in premarket after media reports of moves by activist investor Elliott.
Stock bulls have a worryingly long list of 2026 risks to ponder
US stocks will come up against a long list of potential stumbling blocks next year, according to Bloomberg, linked to risks around AI expectations; valuation and concentration; inflation and rates; geopolitics and trade, and a macroeconomic slowdown.
Micron jumps after forecasting blowout earnings on booming AI market
Micron shares jumped in after-hours trading Wednesday after the company forecast second-quarter profit to be nearly double what analysts projected. The results could also once again fortify faith in the AI trade after tech’s latest rocky stretch.
