5 Key Points to Understand Before the Stock Market Begins Trading

The U.S. stock market is gearing up for another day of trading, with futures remaining steady after the S&P 500 and Nasdaq closed at fresh record highs on Monday. The rally in tech stocks, driven by artificial intelligence, continues to lift the market, with chipmakers like Broadcom, Micron Technology, and Super Micro Computer seeing extended gains in premarket trading.

However, not all companies are faring well in the premarket session. Lennar, a Miami-based homebuilder, is seeing its shares drop after forecasting below-expected deliveries of new homes. Despite reporting earnings that beat Wall Street expectations, the subdued forecast reflects ongoing challenges in the housing market, with mortgage rates remaining high.

Investors are also keeping an eye on the release of U.S. retail sales data for May, expected to show a modest rebound in consumer spending. The retail sales numbers are crucial in gauging the health of the economy and consumer sentiment, especially as interest rates remain a concern for many households.

On the bright side, furniture maker La-Z-Boy is seeing a jump in its shares after reporting better-than-expected results and outlook. The company’s resilience in the face of a sluggish housing market is a positive sign for the broader consumer sector.

In other news, Boeing CEO Dave Calhoun is set to face tough questions from lawmakers at a Senate hearing today. The airplane maker has been embroiled in safety concerns and whistleblower allegations, with the recent incident of a door plug flying off mid-air raising further scrutiny. Calhoun’s testimony will be closely watched by investors and industry observers alike.

Overall, today’s trading session promises to be eventful, with a mix of positive and negative news shaping investor sentiment. Stay tuned for more updates as the market opens.