Business

S&P Futures are displaying positive action in the pre-market. Economic calendar is light today and markets are looking ahead to tomorrow’s inflation report (CPI). Microsoft is having a shareholder meeting today where a vote will be held on adding Bitcoin to its balance sheet. Speculation about a tie up between MDLZ & HSY would be challenging as a buyout of Hershey would require approval from the Hersheys Trust. AI, MTN & UNFI are higher after earnings. After the bell today PLAY and GME will be releasing. Macy’s announced late yesterday that they now intend to release earnings tomorrow morning. President Biden is scheduled to speak today at 12:15 on his economic playbook. VP Harris on Tuesday said the Commerce Dept finalized the grant, which will fuel up to $125 billion in planned investments by Micron in New York and Idaho over two decades. In Europe stocks trading mostly lower in a reaction to weak economic data out of China. Oil prices are slightly lower this morning.

S&P Futures are displaying weakness this morning with key inflation readings due out this week. Advertising stocks are higher on M&A activity. APO and WDAY are being added to the SPX index replacing QRVO and AMTM effective 12/23. Earnings announcements this week include ORCL, TOL, PLAY, GME, ADBE, CIEN, COST, AVGO and LEN. In Europe stocks trading mostly higher with an ECB meeting this week, a rate cut is expected. Oil prices are higher this morning as China looks to boost its domestic economy.