{"id":229040,"date":"2025-10-16T12:55:09","date_gmt":"2025-10-16T12:55:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/229040\/"},"modified":"2025-10-16T12:55:09","modified_gmt":"2025-10-16T12:55:09","slug":"5-things-to-know-before-the-stock-market-opens-21","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/229040\/","title":{"rendered":"5 Things to Know Before the Stock Market Opens"},"content":{"rendered":"

Stock futures are pointing to a higher open for major indexes as investors digest a flurry of corporate earnings reports, while gold continues hitting new highs; Walmart (WMT<\/a>) shares are higher after closing at record highs the last two days following news of the retailer’s collaboration with OpenAI; Salesforce (CRM<\/a>) shares are gaining after the company issued new long-term revenue projections; Taiwan Semiconductor Manufacturing Co. (TSM<\/a>) shares are rising as strong AI chip demand continues to fuel sales growth; and Nestl\u00e9 is laying off 16,000 workers. Here’s what you need to know today.\n<\/p>\n

1. Stock Futures Rise, Gold Sets Another Record High <\/p>\n

Stock futures are higher as strong earnings reports from banks continue to roll in. Futures tied to the Dow Jones Industrial Average were up 0.2% recently, after the blue chip index closed fractionally lower yesterday<\/a>. Futures linked to the benchmark S&P 500 and the tech-heavy Nasdaq, both of which finished higher on Wednesday, were up 0.4% and 0.6%, respectively, this morning. Gold was up 1.4% at $4,260 an ounce, as investors continue pouring money into the safe-haven asset amid stock market volatility and economic uncertainty. Bitcoin (BTCUSD<\/a>) was little changed at $111,600, trading near its lowest levels of the month and well below the record high of $126,000 set early last week. The yield on the 10-year Treasury note, which affects borrowing costs on a array of loans, was at 4.01%, down from 4.04% yesterday.\n<\/p>\n

2. Walmart Hits Record Highs on OpenAI Collaboration <\/p>\n

Walmart (WMT<\/a>) shares are slightly higher in premarket trading after closing at record highs<\/a> the past two sessions following news the retail giant would team up with ChatGPT<\/a> developer OpenAI. The collaboration, announced Tuesday, will allow shoppers to discover and buy items via instant checkout directly through the AI platform. The stock has gained 21% so far this year, outpacing broader market returns, as the retailer has benefitted from strong e-commerce sales and demand across income levels amid economic uncertainty. Walmart shares were up 0.1% before the opening bell, after gaining nearly 7% over the previous two sessions.\n<\/p>\n

3. Salesforce Surges on Fresh Revenue Outlook <\/p>\n

Salesforce (CRM<\/a>) shares are surging in premarket trading after the customer relationship software maker announced new long-term revenue targets as part of its annual conference. Salesforce said it expects $60 billion in revenue in 2030, which would reflect an annual growth rate of around 10%. The projections exclude impacts from the company\u2019s\u00a0$8 billion acquisition of data management software provider Informatica. The fresh outlook comes after the cloud-based software company recently issued current-quarter growth projections<\/a> that came in below expectations. Salesforce shares, which come into today’s session down roughly 30% so far in 2025, were up nearly 6% in recent trading.\n<\/p>\n

4. TSMC Reports Strong Revenue Growth on AI Chip Demand <\/p>\n

Taiwan Semiconductor Manufacturing Co. (TSM<\/a>) reported a huge increase in third-quarter revenue as the chipmaker continued to see strong demand amid the AI spending boom. TSMC posted third-quarter revenue of $33.10 billion, up 41% from the year-ago period and 10% from the second quarter this year. The company is forecasting fourth-quarter revenue of between $32.2 billion and $33.4 billion.\u00a0 TSMC shares were up 2% in recent premarket trading.\n<\/p>\n

5. Nestl\u00e9 Plans to Cut 16,000 Jobs <\/p>\n

Nestl\u00e9 announced plans to cut 16,000 jobs over the next two years. About 12,000 of the eliminated will be in white-collar roles, while the remainder will be manufacturing and supply chain jobs. Nestl\u00e9 said it expects to save CHF 1.0 billion ($1.256 billion) by the end of 2027. The move by new CEO Philipp Navratil comes after the company dismissed its former chief executive<\/a> in September over an undisclosed relationship with a subordinate. Nestl\u00e9 shares traded in Switzerland moved sharply higher Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"Stock futures are pointing to a higher open for major indexes as investors digest a flurry of corporate…\n","protected":false},"author":2,"featured_media":229041,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,112],"class_list":["post-229040","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/229040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=229040"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/229040\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/229041"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=229040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=229040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=229040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}