Stocks higher, Senate shutdown progress, Costco, Microsoft, Micron
Stocks higher, Senate shutdown progress, Costco, Microsoft, Micron
Five things you need to know before the market opens on Wednesday September 27:
1. -- Stock Market Today: Treasury yield pullback sets up modest bounce for Wall Street
Stocks are looking for a modest opening bell boost from a pullback in Treasury bond yields, but market volatility gauges suggest a bumpy session ahead.
2. -- Senate makes progress on funding to avoid shutdown, but Goldman sees risks
Senate lawmakers are working on a bi-partisan spending bill that could fund the federal government until mid-November.
3. -- Costco stock lower following Q4 earnings, cautious consumer outlook
Costco topped Street earnings forecasts, but a cautious consumer, and a lack of new price increases, is holding back gains for the bulk retailer heading into the opening bell.
4. -- Microsoft stock to get boost from $90 billion OpenAI funding valuation
Media reports suggest OpenAI, the tech startup behind ChatGPT, is exploring a share sale that could value it at around $90 billion.
5. -- Micron earnings on deck, with focus on China ban, AI boost to DRAM sales
A rebound in DRAM pricing, linked to AI demand, could partly offset the impact of China's retaliatory ban on Micron chip sales.
What's Your Reaction?
