Here are five things to know before the stock market opens:
1. Debt Information
The 30-year U.S. Treasury yield fell by 10 basis points after the Treasury Department announced it would double the size of its government debt repurchases:
- The U.S. debt level has crossed the $40 trillion mark.
- The Federal Reserve notes that rate hikes may be necessary if inflation does not cool.
2. Walmart Earnings
Walmart beat analysts' quarterly revenue expectations and raised its full-year forecast:
- A 23% jump in global e-commerce sales boosted results.
- The company is less than $100 million away from receiving a $2.9 billion tariff refund.
3. OpenAI IPO
OpenAI is expecting to go public soon:
- The CFO stated that the IPO could happen in 2027.
4. Diesel Prices
Diesel prices in California have hit $7 again:
- This marks a 37% increase from last year.
5. Boise's AI Boom
Micron's investments have led to job growth and population increase in Boise:
- However, housing prices are rising.
