5 Things to Know Before the Stock Market Opens

News of the day for Nov. 18, 2024

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U.S. stock futures are mixed as investors digest potential regulatory changes and prepare for Nvidia’s (NVDA) earnings report later this week; Spirit Airlines (SAVE) shares are moving higher in premarket trading after the discount carrier filed for bankruptcy; Super Micro Computer (SMCI) shares are jumping as the company reportedly has a plan to avoid being delisted; shares of Tesla (TSLA) are surging while those of Uber (UBER) and Lyft (LYFT) are declining on reports that President-elect Donald Trump’s transition team plans to ease restrictions on self-driving vehicles; and organic carrots sold at Trader Joe’s and Wegmans are linked to a deadly E. coli outbreak, the CDC says. Here’s what investors need to know today.

U.S. stock futures are mixed early Monday as market watchers weigh potential policy changes under incoming President-elect Donald Trump. Nasdaq futures are slightly higher as investors consider the impact of self-driving regulatory changes on Tesla’s (TSLA) business, while Nvidia (NVDA) shares are moving lower ahead of its earnings report Wednesday. S&P 500 futures are ticking higher, while Dow Jones Industrial Average futures are slightly lower. Bitcoin is up by 1% to trade near $90,500. Crude oil futures and U.S. Treasury yields are also slightly higher in early trading.

Spirit Airlines (SAVE) shares are about 4% higher in premarket trading after the discount carrier announced that it filed for bankruptcy protection and reached an agreement to restructure its debt with its bondholders. Spirit said that it will continue to take bookings as well as honor all tickets, credits, and loyalty points. Attempts to merge with rivals JetBlue Airways (JBLU) and Frontier Airlines parent Frontier Group Holdings (ULCC) had failed, hurting Spirit’s ability to compete with bigger airlines. Through Friday, Spirit shares were down more than 90% this year.

Super Micro Computer (SMCI) shares are jumping 10% in premarket trading after Barron’s reported that the server maker on Monday is…

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