Morning Movers
Gapping up
$NVIDIA(NVDA.US)$ stock soared over 7% after the company's first-quarter earnings exceeded expectations, boosted by a strong AI industry demand. Nvidia's success also positively influenced its peers, with $Advanced Micro Devices(AMD.US)$ and $Broadcom(AVGO.US)$ each gaining over 2%, while $Micron Technology(MU.US)$ rose 3.8%, and chip designer $Arm Holdings(ARM.US)$ nearly 4%.
$News Corp-B(NWS.US)$ shar...

Gapping up
$Tesla(TSLA.US)$+2.3% ( Musk said Thursday he has pegged a new chief executive for Twitter set to start in about six weeks. Musk has received criticism in the past from Tesla investors who think that simultaneously serving as chief executive at two companies is a distraction away from the EV giant.）
$News Corp-B(NWS.US)$ +4% ( The media company reported an earnings and revenue beat. News Corp posted 9 cents earnings per sha...

1. -- Stock Futures Lower As Earnings Underwhelm 
U.S. equity futures moved lower Wednesday, while the dollar inched higher against its global peers and Treasury yields retreated, as markets react to an underwhelming corporate earnings season.
$Microsoft(MSFT.US)$ 's softer-than-expected profit forecast, which clouded an otherwise solid December quarter earnings report, following muted updates across the industrial, te...

There were 12 S&P 500 stocks hitting 52-week lows during Wednesday’s market decline.
Warner Bros. Discovery ( $Warner Bros Discovery(WBD.US)$ ) trading at lows not seen since May 2009
Fox ( $Fox Corp-B(FOX.US)$ ) trading at lows not seen since Nov. 2020
News Corp. ( $News Corp-B(NWS.US)$ ) trading at lows not seen since Nov. 2020
Disney ( $Disney(DIS.US)$ ) trading at lows not seen since March 2020
Amazon.com ( $Amazon(AMZN.US)$ ) trading at lows ...

By Danilo
Hey, moomooers! Here are things you need to know before the opening bell:
-U.S. stock index futures jumped during early morning trading on Thursday, after tech stocks dipped again on Wednesday as investors digest the impact from higher rates.
-The chip maker Micron's disappointing projection still leaves some questions as to the health of the memory market.
Market Snapshot
U.S. stock index futures jumped during early morning trading on Thursday, after tech stocks dipped again on Wednesday as investors digest the impact from higher rates.
Futures contracts tied to the $Dow Jones Industrial Average(.DJI.US)$ gained 241 points. $S&P 500 Index(.SPX.US)$ futures and $NASDAQ 100 Index(.NDX.US)$ futures both also traded in positive territory.
Top News
U.S. stocks move higher in wake of wall street rout
The $Dow Jones Industrial Average(.DJI.US)$ and $S&P 500 Index(.SPX.US)$ rose a day after rising bond yields triggered the biggest rout on Wall Street in months.
U.S., Europe team up to address chip shortage, tech issues
The new U.S.-EU Trade and Technology Council said the two governments would develop common strategies to mitigate the impact of nonmarket practices at home and in third countries.
Port Logjams reach savannah as container ships idle off coast
The flotilla of vessels exceeds 20 ships at the fourth-largest gateway for seaborne imports in the U.S.
U.S. pending home sales rebounded sharply in August
The number of houses going under contract in the U.S. rose sharply in August following two months of declines, according to data from the National Association of Realtors.
Google refreshes its e-commerce amid ad race with Amazon
$Alphabet-A(GOOGL.US)$ $Amazon(AMZN.US)$ The internet giant is giving its product search pages a makeover after two decades of shifting strategies have left it playing catch-up for online retail ad dollars.
Micron hasn't memory-holed the chip shortage just yet
The chip maker $Micron Technology(MU.US)$'s disappointing projection still leaves some questions as to the health of the memory market.
Foxtel CEO says IPO up to owners of Australian pay-TV provider
Foxtel's future ownership is a matter for co-owners $News Corp-B(NWS.US)$ and $TELSTRA CORPORATION LTD SPON ADS EACH REP 5 ORD SHS(TLSYY.US)$, Chief Executive Patrick Delaney said.
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Fed's Powell says high U.S. inflation could last into early next year due to shortages
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg