U.S. Stocks Face Tepid Start As Bitcoin Surpasses $103K: Investors Await Jobless Claims Data

December 5, 2024

Image source: Photo by Vlada Karpovich on Pexels

Breaking News

Image source: Photo by Vlada Karpovich on Pexels


U.S. Stocks Face Tepid Start as Bitcoin Surpasses $103K: Investors Await Jobless Claims Data. 📊 U.S. stock futures point to a cautious opening on Thursday after a record-high close on Wednesday. With Bitcoin hitting a new milestone of $103,000, investors are bracing for jobless claims data while watching closely for signals from the Federal Reserve on economic growth and inflation. Benzinga reports.

EdgeUp

🌐 MetaCenter: Meta to invest $10 billion for Louisiana data center. Yahoo Finance reports.

🛡️ DefendAI: OpenAI partners with defense company Anduril. CNBC reports.

⚡ Recharged: GM to take more than $5 billion in charges on China operations. Reuters reports.

📈 SprinkGrowth: Sprinklr reported fiscal third-quarter profit of $10.5 million. Yahoo Finance reports.

🛑 NVisionProbe: EU watchdog probes potential Nvidia hardware bundling as it scrutinises Run:ai deal. Reuters reports.

⬇️ LockDown: Foot Locker shares tumble as it issues gloomy holiday outlook, sees ‘softness’ at Nike. CNBC reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $PRFX: PainReform
Total gain: +142.91%

2. $BJDX: Bluejay Diagnostics
Total gain: +65.03%

3. $SVMH: SRIVARU Holding
Total gain: +40.85%

4. $PBM: Psyence Biomedical
Total gain: +38.49%

5. $MIGI: Mawson Infra Group
Total gain: +32.64%

Tech Thursday

* Humanoid robots could create a $7 trillion market in the next 25 years: Citi analysts

Great strides have been made in technology and artificial intelligence, making humanoid robots seem like a not-so-distant reality. In a recent episode of Opening Bid, Citi Global Insights analysts Rob Garlick and Wenyan Fei discussed their research on the advancement of humanoid robots over the next 25 years.

📰 Read more

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on December 4.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time
Benzinga reports

1. $CYCN: Cyclerion Therapeutics

Total gain: +275.78%
The stock appeared to be moving on no notable news.

2. $CCRN: Cross Country Healthcare
Total gain: +62.72%
The company announced that it has entered into a definitive agreement under which Aya will acquire Cross Country for $18.61 per share in cash, totaling approximately $615 million. This all-cash transaction represents a 67% premium over Cross Country’s closing price on December 3, 2024, and a 68% premium over its volume-weighted average trading price for the 30-day period ending on December 3, 2024. Benzinga reports.

3. $XCUR: Exicure
Total gain: +47.86%
The stock appeared to be moving on no notable news.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

LULU: Lululemon Athletica

3Q 2024
After Market Close
Estimate: 2.720
Actual: N/A

RBRK: Rubrik
3Q 2025
After Market Close
Estimate: -0.400
Actual: N/A

ASAN: Asana
3Q 2024
After Market Close
Estimate: -0.070
Actual: N/A

Today’s Key Economic Dates

Time (ET) / Report / Period

8:30 am - Initial jobless claims - November 30
8:30 am - U.S. trade deficit - October
12:15 pm - Richmond Fed President Tom Barkin speaks

Parting Thoughts

“The most important thing to remember is that trading is a business. You have to approach it like a professional.”

― Alexander Elder

Sourced in:
“Trading for a Living”, by Alexander Elder, published in 1993