As investors prepare for the opening of the stock market on January 14, 2025, several critical developments are influencing market sentiment. Here’s a roundup of the key stories that could impact trading today:
US Stock Futures Up Ahead of Inflation Data Release U.S. stock futures are edging higher, with Nasdaq futures up 0.3% following a decline in the index yesterday. Futures for the Dow Jones Industrial Average and S&P 500 are also slightly up as investors anticipate today’s inflation data release. Bitcoin (BTCUSD) has gained almost 2%, surpassing $96,000. Meanwhile, the yield on the 10-year Treasury note remains stable at around 4.8%. Oil futures are declining, while gold futures show a slight increase.
China Mulls Selling TikTok’s U.S. Operations to Elon Musk Chinese officials are reportedly considering selling TikTok’s U.S. operations to Elon Musk if the platform faces a ban. The potential deal would see Musk’s X platform gain control of TikTok in the U.S., adding 170 million users. Bloomberg and The Wall Street Journal have cited sources familiar with the matter. However, a TikTok spokesperson has dismissed the reports as speculative, stating that the company cannot comment on such “fiction.”
Moderna Stock Takes a Hit Following Revenue Outlook Downgrade Moderna’s (MRNA) stock continues to slide, with shares down 0.6% in premarket trading after a sharp 17% drop the previous day. The pharmaceutical company revised its 2025 revenue forecast down by $1 billion, citing rising drug development costs and a decrease in demand for COVID-19 treatments. Moderna has seen its stock lose roughly two-thirds of its value over the past year and more than 90% from its pandemic-era peak.
Inflation Data in Focus as December PPI Report Looms Investors are eagerly awaiting the release of the December Producer Price Index (PPI) data, scheduled for 8:30 a.m. ET. Economists expect the monthly wholesale inflation rate to hold steady at 0.4%, consistent with November’s figure. With inflationary pressures showing minimal signs of easing, there are growing concerns that the Federal Reserve may maintain high interest rates. The PPI data precedes tomorrow’s Consumer Price Index (CPI) report, adding extra significance to today’s release.
KB Home Stock Soars on Strong Q4 Results KB Home (KBH) is seeing a nearly 10% surge in premarket trading following better-than-expected fourth-quarter earnings. The homebuilder posted a 19% year-over-year increase in revenue, totaling $2 billion, and exceeded analysts’ profit expectations with earnings of $190.6 million, or $2.52 per share. KB Home also reported a 17% increase in newly constructed home deliveries, driven by faster build times. CEO Jeffrey Mezger highlighted that higher revenues were fueled by the increased delivery pace.
These developments will likely set the tone for the day’s trading session, with investors closely monitoring inflation data and corporate earnings.
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