This article will provide complete information on the Stock Market. (5 Things to Know Before the Stock Market Opens). Let’s get started.
The US Stock Market looks promising as there are talks about reducing some taxes on imported goods. Super Micro Computer is in the news as its stock helped push the S&P 500 higher on Friday. StubHub sells tickets online and wants to sell shares to the public.
Also, DNA testing company 23andMe (ME) faces tough times, as it has filed for bankruptcy and its leader has stepped down. People investing in companies today should know this.
5 Things to Know Before the Stock Market Opens
1. US stock futures rose sharply after news that some taxes (called tariffs) on imported goods may not be as high as people thought. The good news helped the S&P 500, a large group of stocks, gain more than 1% after a tough month.
Another stock index, the Nasdaq, gained 1.4%, and the Dow Jones, another index, gained 0.9%. At the same time, bitcoin, a type of digital money, rose 2% to nearly $88,000. Interest rates on 10-year Treasury notes and the prices of oil and gold are also increasing.
2. On 2 April, President Trump may decide to lower some taxes on goods brought into the country. These taxes, called tariffs, are like extra money that must be paid when goods come from other countries.
Some reports say they might not impose these extra taxes on certain things, especially if those countries don’t let the US spend additional money on their goods and if the US sells them more than it buys.
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3. Supermicro is a company that makes computer servers, and its stock, which is like a company stock that people can buy, did well last Friday. It rose by about 8%, which is a huge jump! People are excited because there is a huge need for technology that helps with artificial intelligence, like intelligent computers.
Even though the company faced some problems last year that caused its stock to drop, they think they will make a lot more money this year because of AI. Their stock is about 40% higher as they prepare for significant changes by 2025.
4. In 2024, StubHub helped sell over 40 million tickets and made much more money—about $8.68 billion! This is 27% more than last year. However, after making a profit of $405.2 million in 2024, they also lost some money this year, about $2.8 million. They planned to go public last July, but the market was not doing well then, so they decided to wait.
5. The DNA testing company 23andMe is facing big problems and has to file for bankruptcy, which means it needs help paying off its debts. Their boss, Anne Wojcicki, is leaving her job immediately.
Because of this news, the company’s shares have fallen more than 40%. The company hopes that going through bankruptcy will help it sell and improve parts of its business.
Even though she is leaving her job, Anne will still support the company by being part of the group that makes critical decisions. He tried to take the company private again last year, just shortly after it began selling shares publicly.
Conclusion
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