Pre-Market News
Markets Hold Steady After Election Highs, Tesla and Crypto Stocks in Focus
U.S. Stock Futures Little Changed Following Post-Election Surge
U.S. stock futures are showing minimal movement this morning after major indexes recorded another strong session on Monday, extending gains post-election. The Dow Jones Industrial Average closed up more than 300 points, breaking the 44,000 mark. Futures contracts for both the S&P 500 and Nasdaq edged slightly lower in early trading after modest gains in the prior session.
Tesla Slips in Pre-Market After Surge on CEO Musk’s Ties to Trump
Tesla (TSLA) shares are down 1% in pre-market trading after a nearly 9% rally in the previous session, reaching $350. The recent surge follows enthusiasm around CEO Elon Musk's advisory role in President-elect Donald Trump’s upcoming administration. Wedbush analysts have increased Tesla’s price target from $300 to $400, citing significant opportunities in autonomous vehicles and artificial intelligence, which they project to add $1 trillion in value.
Bitcoin Pulls Back, Sending Crypto Stocks Lower
After reaching a high of over $89,000, Bitcoin (BTCUSD) has dipped 2% to around $87,000, dragging down related crypto investments in pre-market trading. Coinbase Global (COIN), Marathon Digital Holdings (MARA), and Riot Platforms (RIOT) are down 2.4%, 3.4%, and 5%, respectively. Crypto ETFs like iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC) remain mostly unchanged.
Markets Hold Steady After Election Highs, Tesla and Crypto Stocks in Focus
U.S. Stock Futures Little Changed Following Post-Election Surge
U.S. stock futures are showing minimal movement this morning after major indexes recorded another strong session on Monday, extending gains post-election. The Dow Jones Industrial Average closed up more than 300 points, breaking the 44,000 mark. Futures contracts for both the S&P 500 and Nasdaq edged slightly lower in early trading after modest gains in the prior session.
Tesla Slips in Pre-Market After Surge on CEO Musk’s Ties to Trump
Tesla (TSLA) shares are down 1% in pre-market trading after a nearly 9% rally in the previous session, reaching $350. The recent surge follows enthusiasm around CEO Elon Musk's advisory role in President-elect Donald Trump’s upcoming administration. Wedbush analysts have increased Tesla’s price target from $300 to $400, citing significant opportunities in autonomous vehicles and artificial intelligence, which they project to add $1 trillion in value.
Bitcoin Pulls Back, Sending Crypto Stocks Lower
After reaching a high of over $89,000, Bitcoin (BTCUSD) has dipped 2% to around $87,000, dragging down related crypto investments in pre-market trading. Coinbase Global (COIN), Marathon Digital Holdings (MARA), and Riot Platforms (RIOT) are down 2.4%, 3.4%, and 5%, respectively. Crypto ETFs like iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC) remain mostly unchanged.