4 Things to Watch Before the Market Opens

4 Things to Watch Before the Market Opens

U.S. stock futures are on the rise as investors gear up for this week’s Federal Reserve decision. Palantir (PLTR), MicroStrategy (MSTR), and Axon Enterprise (AXON) are joining the Nasdaq 100, while Broadcom (AVGO) keeps climbing after hitting a $1 trillion market cap. Meanwhile, Super Micro Computer (SMCI) shares tumble as the company exits the Nasdaq 100 and seeks to raise capital. Here’s a quick breakdown:

1. U.S. Stock Futures Start the Week Higher

Stock futures are showing gains as investors await Wednesday’s Federal Reserve decision on interest rates. Nasdaq futures are up 0.4%, supported by its fourth straight week of gains. S&P 500 and Dow futures are each up 0.2%. Treasury yields dipped, with the 10-year note falling below 4.4%, while oil prices are down nearly 1%, and gold futures are slightly up.

2. Palantir, MicroStrategy, and Axon Join Nasdaq 100

Palantir (PLTR) shares are slightly down premarket after its inclusion in the Nasdaq 100, effective Dec. 23. Palantir’s stock has surged nearly 350% this year, driven by demand for its AI tools. MicroStrategy (MSTR), known for its bitcoin investments, and Axon Enterprise (AXON) are also joining the index, with both stocks up 3% and 1% premarket, respectively.

3. Broadcom Stock Gains After Hitting $1 Trillion Market Cap

Broadcom (AVGO) shares rose another 3% premarket after the chipmaker’s market value surpassed $1 trillion on Friday, fueled by a 24% stock jump. Broadcom reported that AI revenue tripled this year to $12.2 billion, making it the second semiconductor company—alongside Nvidia (NVDA)—to hit the $1 trillion mark.

4. Supermicro Stock Slides on Nasdaq 100 Exit, Capital Raising Plans

Super Micro Computer (SMCI) shares dropped 15% premarket following news of its removal from the Nasdaq 100. Reports also surfaced that the company is working with investment bank Evercore to raise capital through private equity or debt issuance. This comes after recent financial reporting delays put Supermicro at risk of delisting.