US stock futures are pointing higher as investors look to move past another market selloff due to tariff concerns and political uncertainty. The market is also awaiting the release of consumer sentiment data.
Nasdaq futures are 1.2% higher after the index declined 2% on Thursday, while S&P 500 futures are up almost 1% after closing in correction territory yesterday. Dow Jones Industrial Average futures are 0.6% higher.
Bitcoin (BTCUSD) is more than 2% higher to trade above $83,000. Treasury yields and oil futures also saw a rise.
In premarket trading, Magnificent 7 stocks rebounded after the tech-focused group of stocks plunged during yesterday’s selloff. Nvidia (NVDA), Meta Platforms (META), Amazon (AMZN), Alphabet (GOOGL), Microsoft (MSFT), Apple (AAPL), and Tesla (TSLA) were each higher by nearly 2%. However, Tesla shares are also gaining after a report that it is planning a low-cost version of its Model Y for the Chinese market.
The crossover SUV will be smaller and cost 20% less to produce at Tesla’s plant in Shanghai. This move comes as Tesla has lost ground in its second-largest market amid a price war.
Meanwhile, gold futures have hit a record-high price of over $3,000 an ounce, crossing the milestone threshold for the precious metal as investors seek safe havens. Ulta Beauty (ULTA) shares surged 6.5% in premarket trading after reporting stronger-than-expected quarterly results, with earnings per share of $8.46 and net sales of $3.49 billion beating estimates.
Source: https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-march-14-2025-11696865