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Stock Market Today: Futures Steady as Investors Eye U.S.-China Talks and Tech Sector Dynamics
Stock Market Newsยท2025-09-19 13:07

Market Overview - U.S. stock futures are stable as investors await a significant phone call between U.S. President Trump and Chinese President Xi Jinping, which may address trade issues and TikTok's U.S. operations [1][5] - Major U.S. indexes reached record highs, driven by optimism in the technology sector and expectations of further monetary policy easing from the Federal Reserve [1][3][6] Premarket Trading Activity - Dow Jones Industrial Average futures are around 46,496 points, showing a slight decrease of 0.04% or about 20 points [2] - S&P 500 and Nasdaq 100 futures are mostly flat to slightly positive, with both up 0.2% [2] - This muted premarket activity indicates a consolidation phase as markets digest recent gains [2] Current Performance of Major Market Indexes - On Thursday, the Dow Jones Industrial Average closed 0.27% higher at 46,142.42, S&P 500 rose 0.48% to 6,631.96, and Nasdaq Composite increased 0.94% to 22,470.72 [3] - The small-cap Russell 2000 surged 2.51% to 2,467.70, marking its first all-time high since November 2021, largely due to a rise in semiconductor stocks, particularly Intel [3] Economic Indicators - U.S. initial jobless claims fell by 33,000 to 231,000, outperforming expectations [4] - The Philadelphia Fed Manufacturing Index rose to +23.2 in September, the highest since January [4] Corporate Earnings Reports - MoneyHero Limited is expected to report a loss of 2 cents per share, with a premarket jump of 10.36% [7] - Other companies reporting include Cantaloupe, IperionX Limited ADR, and Insig AI, among others [7] Major Stock News - Intel shares, after a 22% surge, slipped 0.5% to $30.42 in premarket trading [8] - Nvidia confirmed a $5 billion investment in Intel, which has generated optimism about a strategic partnership [9] - FedEx stock advanced 2.5% in premarket trading after reinstating its full-year outlook and reporting better-than-expected earnings, despite anticipating a $1 billion hit from U.S. tariffs [10] - Lennar shares fell 3% after reporting lower third-quarter profit and revenue forecasts [11] - Apple shares rose 1% as new iPhone 17 models went on sale globally [12] - Oracle shares increased approximately 0.4% as it is reportedly part of a consortium to control TikTok's U.S. operations [12] International Developments - Adani Group stocks are in focus after SEBI dismissed allegations of stock manipulation [13] - Yes Bank completed a strategic acquisition of a 20% stake by Sumitomo Mitsui Banking Corporation [13] - JK Tyre & Industries anticipates double-digit growth due to rising automobile sales [13] - Vedanta emerged as the preferred bidder for a manganese block in Andhra Pradesh [13]