The major US stock indices are set to open higher with NASDAQ index leading the way.
in premarket trading, the futures are implying:
- Dow industrial average up 44 points
- S&P index up 31 point
- NASDAQ index up 218 point
Amazon announced a $38 billion deal with OpenAI to supply Nvidia chips. Both Amazon and Nvidia shares are trading at new all-time highs in premarket trading.
- Palantir (PLTR) shares are up 2.26% at $204.96. Palantir report their earnings after the close. The price in premarket trading is that the record levels.
Berkshire Hathaway (BRK.B) shares are up 0.64% at $480.60 after reporting better than expected earnings of $6.26 versus $5.72. Revenues were a miss however at $94.97 billion versus $95.62 billion expected.
Kenvue (KVUE): The maker of Tylenol is currently up $2.78 or 19.35%. The company agreed to merge with Kimberly-Clark . Shares of Kenvue have been under pressure given the government's accusations that it caused neurological disorders such as autism and ADHD when used during pregnancy or early childhood. On October 15, the price traded that a new all-time low of $14.11.
