Economic Indicators - The preliminary estimate of fourth-quarter U.S. GDP is expected to show an increase at a 3.0% annualized rate, following a growth of 4.4% in the previous quarter [2] - The Personal Consumption Expenditure index and February's business activity and consumer sentiment data are anticipated to provide insights into the U.S. economy's health [1] Market Sentiment - The mood among U.S. equity investors remained largely stable, with notable fluctuations on Thursday due to declines in private equity stocks and shares of major companies like Apple and Walmart [7] - Concerns over high valuations and the effectiveness of AI investments have pressured technology stocks, impacting sectors from software to real estate [6] Tariffs and Legal Considerations - The U.S. Supreme Court is expected to rule on the legality of President Trump's emergency tariffs, with potential implications for over $175 billion in U.S. tariff collections if struck down [7] Oil Market - Oil prices have dipped from six-month highs amid rising tensions between Washington and Tehran, influenced by President Trump's warnings regarding Iran's nuclear program [8] Company-Specific Developments - Akamai Technologies experienced a premarket decline of 10.9% after forecasting first-quarter adjusted profits below Wall Street estimates [10] - Cryptocurrency and blockchain-related firms saw gains, with Bitcoin rising 1.4% to $67,840, and companies like Coinbase and Strategy also experiencing increases [10]
US Stocks Today | US stock futures muted ahead of economic data