Finance

5 Must-Know Updates Before the Stock Market Opens: Is Apple Set to Break Records?

2024-12-27

Author: Ming

Introduction

As the market gears up for another day of trading, there are several key updates investors should pay attention to. Stock futures are currently dipping slightly in pre-market trading, and major players are making headlines for various reasons. Here’s a closer look at the latest developments impacting the stock market.

1. Stock Futures Slip Amid Rising Treasury Yields

In Friday's pre-market session, stock futures are taking a hit, with Dow futures down about 0.3% following a somewhat muted performance from the major indexes the day prior. Despite a rally early in the holiday-shortened trading week, trading momentum seems to be faltering. The Nasdaq and S&P 500 futures mirror this decline, reflecting a cautious approach from investors. Meanwhile, treasury yields are climbing, with the yield on the 10-year Treasury note surpassing 4.6%. As Bitcoin continues its surge near $96,600 and gold futures climb to over $2,600 an ounce, oil futures are also seeing minor rises, adding more complexity to the trading landscape.

2. Apple Approaches a $4 Trillion Market Cap - Is It the Next Big Thing?

Apple Inc. (AAPL) is in the spotlight as its shares inch upward, closing at an all-time high on Thursday. This growth comes with anticipation surrounding a potential AI-driven upgrade cycle, prompting analysts at Wedbush to raise their price target by $25 to $325—forecasting a remarkable 25% upside from Thursday's close. With a staggering 34% increase this year, Apple is on the verge of reaching a $4 trillion market capitalization. Investors are left wondering: could this company be the next massive success story in tech?

3. Netflix Breaks Streaming Records with NFL Broadcasts

In exciting news, Netflix (NFLX) has announced record-breaking viewership for its NFL broadcasts on Christmas Day. Each of the two games outperformed the previous viewership records held by NBCUniversal’s Peacock during playoff season, hitting a peak of 27 million viewers. A notable spike in numbers came when Beyoncé took the stage for a halftime performance during the clash between the Baltimore Ravens and Houston Texans. This milestone illustrates the growing influence of streaming platforms on live sports engagement.

4. KULR Technology Group Rides High on Bitcoin Investment

KULR Technology Group Inc. (KULR) is enjoying a notable surge, with shares climbing over 12% in pre-market trading. This uptick comes on the heels of the company's inaugural $21 million investment in Bitcoin as part of its "Bitcoin Treasury" strategy. This investment reflects KULR's plan to allocate up to 90% of its surplus cash to acquire the cryptocurrency, signaling a bold step into the digital finance realm and further diversifying its investment portfolio.

5. UnitedHealth Group and Amedisys Extend Merger Deadline

In corporate news, UnitedHealth Group and Amedisys (AMED) have reached an agreement to extend the deadline of their proposed $3.3 billion merger until next year. This decision allows both companies more time to navigate regulatory hurdles and finalize the intricacies of the deal, which promises to reshape landscape of healthcare services.

Conclusion

As we head into a new trading day, these updates provide a glimpse into the factors that could influence market movements and investment strategies. Stay tuned for more developments as they unfold!