Workflow
Spice Manufacturing
icon
Search documents
Market Futures Signal Continued Rally as Inflation Data Looms
Stock Market News· 2026-01-22 14:07
Market Overview - U.S. stock futures indicate a higher open, extending Wednesday's relief rally, driven by a de-escalation of geopolitical tensions and anticipation of key inflation data [1][3] - Major U.S. indexes, including Nasdaq 100, S&P 500, and Dow Jones, show solid premarket gains, with Nasdaq 100 futures up approximately 0.8% to 0.9% and S&P 500 futures rising between 0.5% and 0.6% [2] Economic Data - Investors are awaiting the Personal Consumption Expenditures (PCE) price index, with expectations for the Core PCE Price Index to rise 2.8% year-on-year in November [5] - Weekly jobless claims and revised third-quarter U.S. GDP data are also on the agenda, with the initial GDP growth estimate for Q3 2025 at 4.3% [6] Corporate Earnings and Developments - GameStop (GME) shares are up 3.5% in premarket trading following CEO Ryan Cohen's acquisition of 500,000 shares [8] - McCormick & Co. (MKC) shares are down 6% to 6.8% due to a soft fiscal 2026 profit projection and missed profit targets [8] - Procter & Gamble Company (PG) slipped 1.2% after its earnings report barely met profit targets but fell short on revenue, leading to a lowered full-year profit guidance [12] - Generac Holdings Inc. (GNRC) shares are up 3% in premarket trading, potentially benefiting from an expected catastrophic ice storm [12] - Intel Corporation (INTC) and Advanced Micro Devices (AMD) show premarket gains of 0.76% to 1.55% and 2.21% to 2.48%, respectively, following significant surges on Wednesday [12] Notable Stock Movements - Other notable premarket gainers include Micron Technology Inc. (MU), Oracle Corporation (ORCL), Western Digital Corporation (WDC), and Moderna Inc. (MRNA), with respective gains of 2.51% to 2.62%, 2.89% to 2.96%, 3.29% to 3.61%, and 4.34% to 4.98% [12] - Tesla Inc. (TSLA) is up 1.07% to 1.45%, Alphabet Inc. (GOOGL) is up 1.32% to 2.01%, and Microsoft Corporation (MSFT) shows a rise of 0.92% to 1.11% in premarket trading [12]