Investors are keeping a close watch on various events impacting U.S. stocks today. Below are some key updates you need to know:
U.S. Stock Futures Mixed
Stock futures in the U.S. are showing mixed results. This comes as traders prepare for potential changes in regulations under President-elect Donald Trump and the upcoming earnings report from Nvidia (NVDA). Early trading shows Nasdaq futures rising slightly, influenced by hopes around tech stocks like Tesla (TSLA), which could benefit from proposed changes to self-driving regulations. Meanwhile, S&P 500 futures are up, while Dow Jones futures are slightly down. Bitcoin has gained 1%, trading around $90,500. Crude oil prices and U.S. Treasury yields are also seeing a slight increase.
Spirit Airlines Sees Stock Rise
Spirit Airlines (SAVE) shares have risen by 4% in premarket trading after announcing its bankruptcy filing. The company shared that it reached a deal with bondholders to restructure debt and will continue normal operations, including honoring tickets and loyalty points. Earlier attempts to merge with JetBlue (JBLU) and Frontier Airlines had failed, adding to Spirit’s financial challenges. The airline’s stock has dropped by over 90% this year, but this restructuring could mark a potential turnaround.
Super Micro Computer Stock Jumps
Super Micro Computer (SMCI) stock is up by 10% in premarket trading. The rise follows a report by Barron’s that the company plans to submit an overdue annual report, helping it avoid delisting from the Nasdaq. The company previously received a warning from Nasdaq, giving it a deadline of Nov. 16 to submit its plan or risk being delisted. This submission is expected to be a key step in addressing regulatory concerns that have impacted its stock price.
Tesla Gains Amid Potential Easing of Rules
Tesla (TSLA) shares have surged over 6% after reports that Donald Trump’s incoming administration might ease regulations on self-driving vehicles. This could accelerate the development and approval of technology without traditional controls like pedals or steering wheels—aligning with Tesla’s future designs. On the flip side, shares of ride-sharing companies Uber (UBER) and Lyft (LYFT) have dropped by 2% and 3%, respectively, as this potential shift may pose challenges to their business models.
E. Coli Outbreak Linked to Organic Carrots
The Centers for Disease Control and Prevention (CDC) has issued a warning about an E. coli outbreak connected to organic carrots. These carrots, sold by Grimmway Farms and found at retailers like Trader Joe’s and Costco, have been linked to illnesses in 18 states. So far, one person has died, and 15 others have been hospitalized. The affected carrots have been recalled. This follows a similar outbreak linked to contaminated onions used in McDonald’s products.
