US STOCKS-S&P 500, Dow futures muted ahead of inflation data, earnings
From Nasdaq:
– Chip stocks rise after TSMC’s Q4 revenue beat. Intuitive Surgical also rises after preliminary Q4 revenue beat. US SEC says bitcoin ETFs not yet approved, causing crypto stocks to slip.
– Dow and S&P futures remain flat, while Nasdaq is up 0.18%. Equities seem subdued amid anticipation of inflation reports and potentially weak earnings from major lenders.
– Tech companies like Amazon, Meta Platforms, and Microsoft are seeing gains in premarket trading, as U.S. Treasury yields tick lower. Chip stocks like Nvidia, AMD, and Intel are also gaining after TSMC’s revenue beat.
– Crypto stocks like Coinbase, Bitfarms, and Riot Platforms fall as Bitcoin prices dip after U.S. securities regulator’s statement on ETF approvals. Boeing recovers, while Dow Inc slips after a downgrade from Deutsche Bank. Intuitive Surgical climbs 5.1% after preliminary Q4 revenue beat.
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