5 Things to Know Before the Stock Market Opens

Stocks are recovering aft Monday's drastic selloff, pinch Japan's Nikkei closing up 10% and U.S. banal futures pointing higher, though volatility remains elevated; Uber Technologies (UBER) shares are jumping successful premarket trading aft a second-quarter net beat; Alphabet (GOOGL) portion Google is ruled to person surgery U.S. antitrust rule by acting arsenic a monopolist successful search; Palantir Technologies (PLTR) shares are soaring aft nan information analytics institution boosted its full-year guidance amid beardown request for its artificial intelligence (AI) package services; and Reddit (RDDT) shares are gaining up of Q2 results aft nan closing bell. Here's what investors request to cognize today.

1. Stocks Rebound After Global Selloff; Volatility Remains High 

U.S. banal futures are rising and paring immoderate of their losses from Monday, erstwhile fears of a imaginable recession and worries astir nan standard of tech giants' AI walk led stocks to station their biggest one-day declines successful astir 2 years. Japan’s Nikkei index, whose 12% descent Monday pursuing Friday's anemic soft U.S. jobs report group disconnected nan world rout, closed 10% higher today. Magnificent Seven shares are besides recovering somewhat successful premarket trading, pinch spot shaper Nvidia (NVDA) rising 3% contempt reports its latest procreation Blackwell spot will beryllium delayed and that Chief Executive Officer (CEO) Jensen Huang offloaded much stocks successful July. The 10-year Treasury output has now risen to 3.86% aft falling to beneath 3.70% connected hopes of an fierce rate-rising way by nan Federal Reserve. Still, Wall Street's "fear gauge," nan VIX scale of implied banal marketplace volatility, remains elevated, showing investors stay tense aft Monday's melodramatic declines.

2. Uber Jumps After Q2 Earnings Beat

Uber Technologies (UBER) shares are jumping astir 6% successful premarket trading aft nan ridesharing and nutrient transportation elephantine reported higher-than-forecast second-quarter results and said gross bookings surged 19% year-over-year to $39.95 billion. Revenue roseate a higher-than-expected 16% to $10.7 billion, while nett income of $1.02 cardinal besides hit Wall Street estimates for nan company, which had reported a astonishment first-quarter loss. Uber said it expects gross bookings of $40.25 cardinal to $41.75 cardinal for nan 3rd quarter, representing betwixt 18% and 23% year-over-year maturation connected a changeless rate basis.

3. Google Maintained Illegal Monopoly successful Search, US Judge Rules 

Alphabet's (GOOGL) Google broke U.S. antitrust law, a national judge ruled Monday, saying that Google Search held an forbidden monopoly, marking a awesome triumph for nan government's efforts to rein successful tech giants. Judge Amit Mehta ruled successful favour of nan Department of Justice (DOJ) successful a suit first revenge successful 2020, uncovering that Google violated nan Sherman Antitrust Act by "maintaining its monopoly successful 2 merchandise markets successful nan United States—general hunt services and wide matter advertising—through its exclusive distribution agreements." Google Search is nan default hunt motor successful browsers for illustration Apple's (AAPL) Safari. JPMorgan analysts said nan ruling could wounded arsenic overmuch arsenic 25% of Google's hunt gross aliases 15% of Alphabet's full revenue, noting nan hunt giant's astir $20 cardinal gross stock costs to Apple successful 2022 had doubled successful 2 years. Alphabet shares are rising little than 1% successful premarket trading.

4. Palantir Soars arsenic Strong Demand for AI Software Drives Upbeat Outlook 

Palantir Technologies (PLTR) shares are soaring 9% successful premarket trading aft nan information analytics institution topped Wall Street's quarterly estimates and raised its full-year outlook connected nan backmost of beardown request for its AI package services. Palantir CEO Alex Karp said nan beardown results reflected nan "unbridled request for and knowing of nan capabilities of our software." The company's shares are up more than 40% this year arsenic increasing numbers of endeavor customers move to nan Colorado-based company’s AI level to test, debug, and measure AI-related systems.

5. Reddit Rises Ahead of Q2 Results; User Engagement, AI Training successful Focus

Reddit (RDDT) shares are rising 3% successful premarket trading up of second-quarter earnings aft nan bell, pinch investors watching for nan societal media platform's maturation successful personification engagement and updates connected AI training licenses. Analysts polled by Visible Alpha expect nan institution to study 39% year-over-year gross maturation to $253.8 cardinal and 85.5 cardinal regular unsocial users connected average. The societal media platform, which makes money by selling advertizing space and premium memberships, went nationalist successful March and these will beryllium its second quarterly results since listing.

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