5 Important Things to Consider Before the Stock Market Opens

In today’s financial news, MicroStrategy (MSTR) shares are on the rise in premarket trading as bitcoin surpasses the $70,000 mark once again. The software company, known for being the largest corporate holder of bitcoin, saw a 3% increase in its shares following a 20% surge on Monday. Another cryptocurrency-related stock, Coinbase Global (COIN), also experienced gains after a 10% rise on Monday.

In other news, the company behind former President Donald Trump’s social media platform, Truth Social, is set to start trading today under the name Trump Media & Technology Group Corp. The company completed its merger with Digital World Acquisition Corp. (DWAC) and will be trading on the Nasdaq under the ticker symbol “DJT.” Trump, who holds a significant stake in the company, is the dominant shareholder with nearly 80 million shares worth around $4 billion.

Krispy Kreme (DNUT) shares are soaring after announcing plans to sell its doughnuts at McDonald’s (MCD) restaurants nationwide by the end of 2026. The partnership will more than double Krispy Kreme’s distribution points and make McDonald’s the exclusive fast-food partner for the company in the U.S.

Meme stock GameStop (GME) is set to report its fourth-quarter results after the market closes today. Analysts expect the videogame retailer to post earnings of 30 cents a share and revenue of $2.05 billion. Despite a volatile market, GameStop shares surged 15% on Monday.

Lastly, Nvidia partner SK Hynix (000660.SK) is reportedly planning to invest $4 billion in building an advanced chip-packaging facility in Indiana. The move is seen as a boost to the Biden administration’s efforts to strengthen America’s semiconductor industry. The facility, located near Purdue University, is expected to create 800 to 1,000 new jobs and solidify SK Hynix’s partnership with Nvidia in producing advanced graphic-processor units. U.S. futures are higher ahead of durable goods and consumer confidence data due today, making it an eventful day for investors.