Stock Futures Mixed After Thanksgiving Break

The Federal Reserve might be looking to slow down interest rate hikes

Digital Content Manager
Nov 25, 2022 at 9:08 AM
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Dow Jones Industrial Average (DJI) futures are pacing for a 13-point pop this morning, while futures on the S&P 500 Index (SPX) are slightly below breakeven, and Nasdaq-100 Index (NDX) futures are pointed firmly lower. Investors are coming back from the Thanksgiving holiday to close out a strong week, as the Federal Reserve considers slowing down interest rate hikes amid cooling inflation. At last check, all three major benchmarks are eyeing solid weekly gains.

Continue reading for more on today's market, including:

  • How Deere stock notched a fresh record.
  • Latest tech company to announce layoffs.
  • Plus, videogame stock eyes potential FTC drama; why Deutsche Bank stock is edging higher; and potential buyout boosts COUP.

FUtures 1125

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.2 million call contracts and more than 1.1 million put contracts traded on Wednesday. The single-session equity put/call ratio rose to 0.88, while the 21-day moving average rose to 0.71.
  2. The Federal Trade Commission (FTC) might sue to block Microsoft's (MSFT) acquisition of Activision Blizzard Inc (NASDAQ: ATVI), according to a Politico report. In response, ATVI is down 3.6% ahead of the open, but still boasts a 24% year-over-year lead.
  3. Deutsche Bank AG (NYSE: DB) is up 2.4% before the bell, after RBC Capital said investors are not taking note of the company's restructuring progress. Year-to-date, DB has shed 14.8%.
  4. Coupa Software Inc (NASDAQ:COUP) is looking to extend  Wednesday's bull gap, last seen up 3.9% in premarket trading. What's boosting the shares is Vista Equity Partners potential buyout of the company, which Bloomberg reported. COUP is down 70.7% year-over-year.
  5. No economic data is scheduled for today, but investors will be watching how inflation impacts Black Friday.

OV Buzz Chart Nov 25

Asian Markets Pressured By Red-Hot Tokyo CPI

Asian markets mostly fell today, with the exception of China’s Shanghai Composite, which added 0.4%. Tokyo’s core consumer price index (CPI) rose 3.6% in November, marking its fastest annual pace since April of 1982. In response, Japan’s Nikkei dropped 0.4%, Hong Kong’s Hang Seng shed 0.5%, and the South Korean Kospi lost 0.1%.

European markets are mixed midday. The German DAX is down 0.07%, after Germany’s yield curve between the 2-year and 10-year bond yields hit its deepest inversion since 1992. Meanwhile, London’s FTSE 100 is up 0.2%, and the French CAC 40 is up 0.05%.

 

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