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Stock futures rose in pre-market trading Tuesday as the market awaited earnings from GameStop and the trading debut of Donald Trump’s Truth Social, with all eyes on meme stocks.
Trump Media & Technology Group, parent company of Donald Trump’s Truth Social, plans to begin trading under the ticker “DJT” on Tuesday after merging with blank check company Digital World Acquisition Corporation (DWAC) is. The market is also awaiting quarterly results after the bell for original meme stock GameStop (GME).
Bitcoin remained above $70,000 after surging from below $67,000 yesterday. The dollar weakened and gold rose to about $2,200.
Stocks fell yesterday, giving up some of last week’s gains on expectations of a third rate cut this year from the Federal Reserve.
Stocks that move significantly in pre-market trading
14 minutes ago
Profit:
- Trump Media & Technology Group (DJT): Shares of parent company Truth Social, formerly trading as Digital World Acquisition Corporation (DWAC), soar more than 20% ahead of first day of trading under the new name. did.
- Krispy Kreme (DNUT): The company’s stock rose more than 18% after it signed a deal to sell donuts at McDonald’s stores nationwide by the end of 2026.
- Reddit Inc. (RDDT): Shares of the newly public social media company rose 10% after rising 30% yesterday as stock options trading began.
- McCormick & Company (MKC): Shares of the spice maker rose more than 6% after the company reported better-than-expected earnings of 63 cents per share for the three months ended Feb. 29.
- United Parcel Service Inc. (UPS): The delivery company’s stock rose more than 1% after announcing long-term financial goals, including a target for 2026 consolidated sales of $108 billion to $114 billion.
loss:
- Baidu Inc. (BIDU): The Chinese internet company’s stock rose more than 3% yesterday after reports that Apple was in talks to use its artificial intelligence in Chinese-made iPhones. , down 1%.
Stock futures rise ahead of Trump’s truth announcement Social media
50 minutes ago
Futures contracts tied to the Dow Jones Industrial Average rose 0.2% in premarket trading Tuesday.
S&P 500 futures rose 0.4%.
Nasdaq 100 futures rose 0.5% about an hour before the market opened.
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