Market Pulse – Live UpdatesMarket Overview
The S&P 500 futures are up 0.47% in premarket trading Monday, pointing to a potential rebound as investors appear ready to shake off geopolitical concerns that rattled markets last week. Dow Jones Industrial Average futures have climbed 0.41%, while Nasdaq Composite futures are showing stronger gains at 0.57%, suggesting technology stocks may lead today’s potential rally.
Friday’s session saw the Dow plunge more than 700 points in a broad risk-off move as investors reacted to escalating tensions between Israel and Iran. However, markets seem to be stabilizing despite missile exchanges between the two nations over the weekend.
Premarket Movers
Oracle Corporation (ORCL) continues its impressive run, trading up 7.69% in premarket after posting its best week since 2001. The company’s shares jumped about 24% last week following strong quarterly earnings that highlighted exceptional growth in its cloud business. CEO Safra Catz provided revenue guidance for the next fiscal year well above consensus expectations at $67 billion.
Sunrun Inc. (RUN) is surging 18.06% in premarket trading, making it one of today’s top gainers. Sasol Limited (SSL) is also showing strength with a 12.37% increase, while Darling Ingredients Inc. (DAR) is up 9.15%.
On the downside, VEON Ltd. (VEON) is the biggest premarket loser, falling 18.59%. Archer Aviation Inc. (ACHR) is down 14.83%, and Dave Inc. (DAVE) has dropped 12.60%.
Major Stock News
Oracle’s Cloud Momentum
Oracle’s remarkable performance continues to draw attention from investors and analysts alike. The company reported fiscal fourth-quarter earnings of $1.70 per share, exceeding expectations of $1.64, while revenue came in at $15.9 billion versus the anticipated $15.59 billion.
“Oracle is in the enviable position of having more demand than it can fulfill,” noted Joseph Bonner, an analyst at Argus Research, who raised his price target to $235 from $200.
NVIDIA and Tech Leaders
NVIDIA Corporation (NVDA) is showing weakness in premarket trading, down 2.09%, potentially taking a breather after its recent strong performance. Meanwhile, Tesla, Inc. (TSLA) is up 1.94% as the electric vehicle maker continues to attract investor interest.
Upcoming Market Events
Earnings Calendar
This week brings several notable earnings reports that could move markets. Lennar Corporation (LEN) is set to report today with an expected earnings move of ±7.18%. Later in the week, investors will hear from Accenture (ACN), Kroger Company (KR), and Aurora Cannabis (ACB).
ReNew Energy Global plc (RNW) is also reporting before market open today, with analysts expecting earnings per share of $0.06, representing a 200% increase compared to the same quarter last year.
Economic Data and Fed Watch
Market participants will be closely monitoring economic indicators this week for clues about the Federal Reserve’s next moves on interest rates. While no major economic reports are scheduled for release today, traders remain cautious ahead of housing data and retail sales figures expected later in the week.
Commodities and Global Markets
Oil prices have edged lower after jumping in the wake of weekend attacks between Israel and Iran, having surged last week to their highest levels since January.
The VIX, often referred to as the market’s fear gauge, is down 3.26% to 20.14, suggesting some easing of investor anxiety despite ongoing geopolitical tensions.
Market Outlook
As trading begins for the week, investors appear cautiously optimistic, with futures pointing to a positive open for the stock market today. The technology sector, particularly cloud and AI-related stocks, continues to show strength, with Oracle leading the charge.
However, markets today remain sensitive to developments in the Middle East, and traders will be watching closely for any escalation that could trigger renewed volatility. With earnings season ramping up and economic data on the horizon, this week promises to deliver significant market news today that could shape trading sentiment for the remainder of the month.