Today, we will discuss the stock market: 5 Things to Know Before the Stock Market Opens. So, let’s start.
OpenAI CEO Sam Altman rejects an Elon Musk-led group’s offer to buy Chat GPT. BP ( BP ) announced it will “fundamentally re-evaluate” its strategy. What should investors know today?
5 Things to Know Before the Stock Market Opens
Let us tell you:
1. US Stock Futures Point Down as Investors Digest Tariffs and Earnings
U.S. Stock Futures are heading lower as participants assess new tariffs and monitor corporate earnings reports. Nasdaq Futures are down 0.5% after the technology-focused index rose 1% the previous session. After yesterday’s index gains, the S&P 500 and Dow Jones Industrial Averages were also lower. Gold and Bitcoin futures ( BTCUSD ) are both down slightly. Oil futures are also up, as are yields on 10-year Treasury notes.
2. Trump Steel and Aluminum TariffUSPush US metal producer stocks higher
After announcing his plan over the weekend, President Donald Trump signed an executive directive on Monday, implementing 25% of steel and aluminum import duties. Tariffs are expected to go into effect on 4 March. They will apply to approximately 25 million tons per year of steel imported to the U.S., mostly from Canada, Mexico, and South Korea. The news has continued to booUShe U.S. metal producers’ stocks. Cleveland-Cliffs, Nucor, Steel DynUSs, U.S. Steel, and Alcoa are all moving higher.
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3. Coca-Cola Q4 Results Top Estimates
Coca-Cola shares ( Ko) are up 4% during premarket trading after announcing better-than-expected results for its fourth quarter. The company posted $11.54 billion, above the $10.85 million revenue reported a year earlier and the $10.77 million Visible Alpha consensus. Adjusted earnings per share (EPS) of $0.55 surpassed the $0.49 posted last year and the $0.52 expected. The global unit case volume grew by 2% during the third quarter. This was led by an increase of 6% in the Asia Pacific region. 1
4. Musk-Led Investment Group Makes Offer for OpenAI
Musk’s investment group offered $97.4 Billion to buy OpenAI. The Wall Street Journal reported that OpenAI CEO Sam Altman wrote on Musk’s social media platform, “No thanks, but we will purchase Twitter for $9.74 Billion if you wish,” and told CNBC the offer was Musk trying to “slow down a competitor.” “2 SoftBank is said to have made a multi-billion dollar investment in ChatGPT maker OpenAI, which would be valued at well over $200 billion.
5. BP says it will ‘fundamentally reset’ its strategy
Shares of BP – BP – are edging down in premarket trade after CEO Murray Auchincloss announced that the British oil giant would “fundamentally rethink” its strategy. The company reported an underlying replacement cost profit of $ 1.17 billion, below Visible Alpha’s consensus and lower than the $ 2.99 billion it made a year earlier. The company’s profits are down because activist investor Elliott Investment Management has reportedly taken a “significant stake” in the firm. Auchincloss stated that the company will share its “new direction” at the Capital Markets update on 26 February.
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