U.S. stock futures trended higher on Wednesday morning, on expectations of an end to the longest government shutdown. Also, investor sentiment on tech stocks improved as Advanced Micro Devices’ (AMD) CEO Lisa Su highlighted “insatiable AI demand” during the chipmaker’s Financial Analyst Day. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.65%, 0.38%, and 0.25%, respectively, at 8:20 a.m. EST on November 12.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
During Tuesday’s regular trading session, the three major indexes closed mixed. The Dow Jones rose 1.18% and hit a record high, driven by gains in consumer and healthcare stocks such as Walmart (WMT), McDonald’s (MCD), Eli Lilly (LLY), and Johnson & Johnson (JNJ). Meanwhile, the S&P 500 rose 0.21%. In contrast, the Nasdaq Composite fell 0.25% amid pressure on tech stocks over valuation concerns. Also, Nvidia (NVDA) stock fell as SoftBank (SFTBY) sold its entire stake in the semiconductor company for $5.83 billion.
Coming to trending stocks, AMD shares were up 5.5% in Wednesday’s pre-market trading following impressive updates at its Financial Analyst Day. Also, Creative Media (CMCT) stock surged 77% after the company announced the sale of its lending division. Furthermore, Clearwater Analytics (CWAN) stock jumped more than 10% on news that the company is evaluating a potential sale.
Meanwhile, notable companies reporting quarterly earnings today include Cisco (CSCO), Serve Robotics (SERV), and Circle Internet (CRCL).
Stay ahead of macro events with our up-to-the-minute Economic Calendar — filter by impact, country, and more.