Inflation Data and Retail Earnings in Focus
U.S. stock futures are showing slight gains as investors prepare for a significant week, focusing on consumer inflation data and retail earnings from major companies like Walmart and Home Depot. The market remains cautious after a volatile week marked by economic uncertainty.
Disney Announces Major Expansions
Disney revealed extensive plans at its D23 event, including the largest expansion in the history of Orlando's Magic Kingdom and an increase in its cruise ship fleet. Despite this, Disney shares are still down over 4% year-to-date.
White House Consumer Protection Initiatives
The White House introduced new measures to simplify processes for consumers, targeting issues like difficult subscription cancellations and ineffective chatbots. The initiatives aim to improve customer service and reduce corporate obstacles.
Akamai Technologies Stable After Earnings Surge
Akamai Technologies saw a 10% stock surge on Friday due to better-than-expected earnings and strong demand for its computing and security services. The company’s shift to more profitable growth areas is paying off.
XLK Tech ETF Struggles Despite Nvidia Gains
The Technology Select Sector SPDR Fund (XLK) is down 6% this month, impacted by a tech selloff and recent rebalancing decisions, including increasing its Nvidia holdings. The ETF is seeing minor gains in premarket trading.
U.S. stock futures are showing slight gains as investors prepare for a significant week, focusing on consumer inflation data and retail earnings from major companies like Walmart and Home Depot. The market remains cautious after a volatile week marked by economic uncertainty.
Disney Announces Major Expansions
Disney revealed extensive plans at its D23 event, including the largest expansion in the history of Orlando's Magic Kingdom and an increase in its cruise ship fleet. Despite this, Disney shares are still down over 4% year-to-date.
White House Consumer Protection Initiatives
The White House introduced new measures to simplify processes for consumers, targeting issues like difficult subscription cancellations and ineffective chatbots. The initiatives aim to improve customer service and reduce corporate obstacles.
Akamai Technologies Stable After Earnings Surge
Akamai Technologies saw a 10% stock surge on Friday due to better-than-expected earnings and strong demand for its computing and security services. The company’s shift to more profitable growth areas is paying off.
XLK Tech ETF Struggles Despite Nvidia Gains
The Technology Select Sector SPDR Fund (XLK) is down 6% this month, impacted by a tech selloff and recent rebalancing decisions, including increasing its Nvidia holdings. The ETF is seeing minor gains in premarket trading.