Market Update: U.S. Futures Rise Ahead of Inflation Data Release

Stock Market26/03/2024Mr. SmithMr. Smith
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U.S. futures edged higher on Tuesday, reflecting investor confidence as they anticipate the release of crucial inflation data later in the week. Here are the noteworthy premarket movers in the U.S. stock market today:

Nvidia (NASDAQ: NVDA)

Nvidia saw a 1% rise, nearing a record high achieved earlier in March, indicating positive market sentiment towards the tech giant's performance.

Micron Technology (NASDAQ: MU)

Micron Technology surged over 2%, poised to set a new record high, buoyed by optimism surrounding the ongoing AI-inspired rally in the semiconductor sector.

Super Micro Computer (NASDAQ: SMCI)

Super Micro Computer climbed 3.6%, reflecting confidence in its AI-related endeavors and potential market gains.

United Parcel Service (NYSE: UPS)

United Parcel Service witnessed a 3.4% increase after announcing better-than-expected 2026 consolidated revenue projections, fueled by strategic cost-cutting measures and market expansion efforts.

Tesla (NASDAQ: TSLA)

Tesla gained 3.1%, with plans to offer U.S. customers a complimentary month's trial of its Full Self-Driving technology, showcasing ongoing innovations in the electric vehicle sector.

Ford (NYSE: F)

Ford experienced a 0.4% rise despite economic challenges, maintaining its annual core profit outlook and demonstrating resilience in a competitive automotive landscape.

Boeing (NYSE: BA)

Boeing increased by 0.6%, following recent gains and strategic management changes aimed at optimizing operations and driving growth in the aerospace industry.

Krispy Kreme (NASDAQ: DNUT)

Krispy Kreme surged 21% after announcing nationwide distribution in McDonald’s restaurants by 2026, showcasing brand expansion and market penetration.

McCormick (NYSE: MKC)

McCormick rose 5.8%, exceeding first-quarter sales and profit expectations amidst persistent consumer demand for premium spices despite inflationary pressures.

Viking Therapeutics (NASDAQ: VKTX)

Viking Therapeutics soared 17% following positive Phase 1 results for its obesity drug, highlighting advancements in pharmaceutical innovation.

Reddit (NYSE: RDDT)

Reddit surged 10%, continuing its post-IPO momentum with the introduction of options, enhancing market engagement and investor interest in the social media platform.

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