"This article will be updated throughout the day, so check back often for more daily updates. Call it the waves before the storm. The Vanguard S&P 500 ETF ( NYSEMKT: VOO) is rising about 0.2% premarket Wednesday, following a 0.5% decline Tuesday. There's no big economic news on deck today, but Thursday will see the U.S. Bureau of Labor Statistics update its report on unemployment trends, and Friday comes the personal consumption expenditures report from the Bureau of Economic Analysis."
"In more micro-economic news today, China's Amazon.com, Alibaba ( Nasdaq: BABA), says it will increase its investments in artificial intelligence beyond the $53 billion it has already promised to spend over the next three years. That's likely to weigh on profits, but investors are looking at it more as an investment in the company's future - and bidding up Alibaba shares more than 8% premarket."
"Micron beat on earnings last night and gave strong guidance for next quarter, but its stock is down premarket. Cintas likewise beat on earnings, and its stock is down premarket as well - on weak guidance. Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; get started by clicking here.(Sponsor)"
The Vanguard S&P 500 ETF (VOO) is trading about 0.2% higher premarket after a 0.5% decline the prior day. No major economic releases occur today, while U.S. unemployment data from the Bureau of Labor Statistics arrives Thursday and the personal consumption expenditures report from the Bureau of Economic Analysis arrives Friday, both able to move markets. Alibaba plans to increase its artificial intelligence investment beyond the previously announced $53 billion over three years, pressuring near-term profits but lifting investor sentiment and driving shares higher. Micron and Cintas reported earnings beats, though both stocks were down premarket on guidance concerns.
Read at 24/7 Wall St.
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