Stock Market Today: Dow Futures and Key Moves in Premarket Action
Thursday, 12 September 2024, 03:00
Stock Market Today: Focus on Dow Futures and Market Movements
In Stock Market Today, Dow futures look poised to continue their ascendant trajectory as traders remain vigilant for upcoming jobs updates. The market is reacting to significant developments in key stock movements:
- Moderna shares are down 7% after the biotech firm announced a reduction in research-and-development expenditures, aiming to recover from the challenges of a declining COVID vaccine market.
- Medical Properties Trust stock has surged over 4% after reaching an agreement with Steward Health Care System, effectively reinstating the trust's oversight of real estate across 15 hospitals nationwide.
- Oxford Industries shares plummeted 10% as the owner of brands like Tommy Bahama lowered its profit and revenue estimates for the second quarter, prompting a downcast full-year outlook.
- Micron Technology saw a nearly 3% decline following a downgrade to Underperform from Exane BNP Paribas, with a revised price target of $67 down from $140.
Market Insights and Upcoming Considerations
As traders digest these developments, attention turns to the impending jobs report, which could influence market trajectories. Staying informed on these shifts is vital for strategic investments.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.