Stock futures showed little movement ahead of key earnings reports from major companies, with Ford's stock dropping 6% and VF Corp surging 21%, while rising Treasury yields and economic indicators, including job openings, are being closely monitored by investors.
Indian benchmark indices fell sharply on Friday due to continued FII selling, with the BSE Sensex dropping 662.87 points and the NSE's Nifty50 declining by 218.60 points, while key corporate earnings and IPO debuts are set to take center stage next week.
Media companies like News Corp are suing AI startup Perplexity over alleged copyright infringement, but Perplexity argues that collaboration is essential for innovation in the evolving tech landscape.
Monopar Therapeutics (MNPR) recently saw its stock surge over 16.6% to $5.4 following a partnership with Alexion to develop a treatment for Wilson's disease, marking significant growth with a 167.19% increase over the past year despite reporting no revenues and a net loss of $0.10 per share.
Boston Scientific faced a stock decline after pausing enrollment in its pulsed field ablation study, yet it continues to attract investor interest with strong financial results and positive growth projections.
As earnings season approaches, McDonald’s is expected to perform well due to its value-oriented initiatives, while Starbucks faces uncertainty amid a leadership transition, with both companies set to report earnings on October 29 and 30, respectively.
Nvidia's stock reached a record high of $143.71 as analysts maintain bullish outlooks ahead of its November earnings report, driven by strong demand for AI technology and strategic partnerships with major companies.
Tencent Holdings has received positive analyst support for its stock, with predictions of over 25% upside due to strong expected growth in gaming revenue, driven by new game launches and solid performance from existing titles.
Stanley Druckenmiller expressed regret over selling his Nvidia shares too early, admitting it was a significant mistake as the stock has surged to around $1,300 after he sold it when it was between $800 and $950.
Lucid Group's shares dropped significantly after the company projected a wider-than-expected third-quarter loss and announced a public stock offering of nearly 262.5 million shares to raise approximately $1.67 billion, while ASML reported strong demand in the artificial intelligence sector but slower recovery in other areas of the semiconductor market.
