All three major indexes are pointed higher before the bell
Stock futures are drifting closer to fair value this morning, just one day away from the end of a rough month and quarter on Wall Street. Investors are unpacking this morning's economic data, with second-quarter gross domestic product (GDP) growth unchanged at 2.1%, first-quarter GDP revised to 2.2% from 2%, and jobless claims coming in at a lower-than-expected 204,000 for last week. Meanwhile, the 10-year Treasury yield hit a 15-year high earlier this morning.
Continue reading for more on today's market, including:

5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw over 1 million call contracts and 995,987 put contracts exchanged on Wednesday. The single-session equity put/call ratio rose to 0.94 and the 21-day moving average rose to 0.67.
- Brushing off a price-target hike to $80 from $75 from J.P. Morgan Securities, Micron Technology Inc (NYSE:MU) stock is down 3.5% premarket, after the chipmaker posted wider-than-expected fiscal fourth-quarter losses per share and a disappointing current-quarter forecast, despite a revenue beat. Since the start of the year, MU is up 36.5%.
- Peloton Interactive Inc (NASDAQ:PTON) stock is up 13.8% before the bell, after the company announced a five-year strategic global partnership with Lululemon (LULU). PTON has been firmly in penny stock territory, which it broke into just this month for the first time ever. Heading into today, the equity is down 41.4% in 2023.
- CarMax Inc (NYSE:KMX) stock is down 10.2% in electronic trading, after second-quarter profits missed estimates due to slowing demand for used cars. Since the start of the year, CarMax stock is up 30.9%.
- See what economic data is scheduled this week.

Nikkei Falls Below 32,000
Stocks in Asia were all over the place Thursday. Japan’s Nikkei led losses in the region, shedding 1.5% to fall below the 32,000 level for the first time in roughly one month. Shares of embattled Chinese real estate firm Evergrande were suspended, which pressured Hong Kong’s Hang Seng 1.4% lower, while China’s Shanghai Composite managed a 0.1% rise. South Korea’s markets were closed for the Chuseok holiday.
European markets are mixed this afternoon, as traders await preliminary inflation readings out of Germany. The country’s DAX was last seen muted, while France’s CAC 40 was up 0.2%, and the FTSE 100 in London was down 0.5%.