US stocks are expected to open higher, with futures indicating gains of 207 points for the Dow industrial average, 27 points for the S&P index, and 92 points for the NASDAQ.
Starbucks plans to lay off 1,100 corporate employees globally as part of an effort to streamline operations. The layoffs will not affect baristas or warehouse staff, while shares rose 0.49% in premarket trading.
Microsoft has refuted claims of scaling back its U.S. data centre leases, with shares up 0.32%. Additionally, Apple announced a $500 billion U.S. investment over four years, though its shares fell 0.64%.
Nvidia is set to report earnings, with expected EPS of $0.84 and revenues of $38.08 billion, resulting in a 1.76% rise in shares. AMD is also exploring the sale of its data centre business, with shares up 0.73%.
Last week, the Dow industrial average fell by 2.51%, the S&P index by 1.66%, and the NASDAQ index by 2.51%, marking their worst performances since late 2024 and early 2024. The Russell 2000 declined by 3.71%, its weakest week since December 2022.
The upward momentum in futures trading suggests a rebound following last week’s downturn. A 207-point rise in the Dow industrial average, alongside gains of 27 points for the S&P index and 92 points for the NASDAQ, indicates a shift in sentiment. These movements highlight renewed confidence after widespread losses in the prior sessions.
Howard’s company is making workforce adjustments, cutting 1,100 corporate roles. Retail workers and warehouse employees remain unaffected, focusing the redundancies on administrative divisions. A 0.49% gain in premarket trading suggests the market views the restructuring as a step towards efficiency rather than a sign of distress. The impact of these changes on long-term growth will depend on how operational streamlining translates into cost savings and productivity improvements.
Satya’s team has denied speculation that it is scaling back data centre leases in the United States. A 0.32% rise in shares suggests the market is unfazed by these reports. Meanwhile, Tim’s company has revealed a $500 billion investment plan spread over four years. Despite the announcement, shares dipped 0.64% as investors likely weighed the balance between long-term strategy and immediate financial impact. Large capital commitments often prompt scrutiny over expected returns.
All eyes are on Jensen’s firm ahead of its latest earnings report. Expectations are set at $0.84 per share, with projected revenues of $38.08 billion. The anticipation has already pushed shares up by 1.76%. The outcome of this report could reinforce confidence in semiconductor demand or raise questions about sustained growth. At the same time, Lisa’s company is exploring the possibility of offloading its data centre business. A 0.73% gain in shares suggests a positive reaction, possibly due to investor confidence that refocusing the company’s portfolio could improve profitability.
The market’s recent pullback was pronounced. The Dow, the S&P, and the NASDAQ all saw declines exceeding 2.5%, their weakest showings since late last year and early this year. The Russell 2000 suffered a greater hit, dropping by 3.71%, its worst week in more than a year. These figures reflect widespread selling pressure, prompting keen attention to whether the fresh momentum in futures marks the start of a sustained recovery or merely a short-lived bounce.