US Stock Market Preview: Indices Dip, Awaiting Retail Sales Data; ChatGPT Launches Insurance Comparison Tool.

Market Overview

As of Monday morning, U.S. stock futures are all down, with the Dow futures falling by 0.19%, Nasdaq futures down 0.16%, and S&P 500 futures down 0.14%.

Tech Stocks Performance

Most major tech stocks are also experiencing declines pre-market.

• Micron Technology (MU) is down over 2%.
• Alphabet (GOOG) is down nearly 1%.
• Nvidia (NVDA) and Broadcom (AVGO) are up nearly 1%.
• TSMC (TSM) is up over 2%.

Chinese Stocks

Popular Chinese stocks are mostly rising pre-market.

• ASE Technology (ASX) is up over 1%.
• Hesai (HSAI) is down over 1%.

Alphabet's Bond Issuance

Alphabet is launching a significant bond issuance to support its $185 billion AI investment plan.

• The company has begun selling Swiss franc-denominated bonds and plans to issue bonds in British pounds as well.
• This marks Alphabet's first entry into the Swiss bond market.

TSMC's Record Revenue

TSMC reported a record revenue of NT$401.26 billion (approximately $12.71 billion) for January, marking a nearly 20% month-over-month increase and a nearly 40% year-over-year increase.

• This is TSMC's first monthly revenue to exceed NT$400 billion.
• The board approved a capital budget of $44.962 billion for advanced process capacity upgrades.

Amazon's AI Marketplace

Amazon is planning to launch an AI marketplace to connect publishers with AI companies.

• This platform aims to allow publishers to sell content rights to AI product providers.

Earnings Reports

Coca-Cola

Coca-Cola's Q4 net revenue was $11.8 billion, below expectations.

• The stock is down nearly 4% pre-market.

Ferrari

Ferrari reported a Q4 net profit of €381 million, exceeding expectations.

• The stock is up over 9% pre-market.

Philips

Philips' Q4 sales and profits exceeded expectations, leading to a pre-market rise of over 8%.

Conclusion

The market is reacting to various earnings reports and significant corporate actions, particularly in the tech sector. Investors are closely monitoring these developments as they could influence market trends moving forward.