As the markets gear up for the trading day, let’s take a closer look at the key pre-market movers shaping today’s headlines. Here’s what’s catching attention in the pre-market session:

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Market Overview

The futures markets show slight declines ahead of the open:

• S&P 500 (ES): -0.3%
• Nasdaq (NQ): -0.3%
• Russell 2000 (RTY): -0.2%

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Stock-Specific Highlights

Tech Giants Under the Spotlight

• $NVDA (-1.5%)
  NVIDIA faced a dip after voicing concerns about the Biden administration’s new AI chip export restrictions, which could impact its overseas growth.
• $AAPL (-0.2%)
  Apple continues its production diversification efforts, with reports suggesting that 25% of its production will shift to India by year-end.
• $TSM (+1.3%)
  Taiwan Semiconductor posted strong quarterly sales for October-December, driven by sustained demand for AI hardware.

Retail & E-Commerce

• $AMZN (-0.3%)
  Amazon announced the launch of its new Retail Ad Service, expanding its footprint in digital advertising.
• $COST (+1.7%)
  Costco impressed investors with better-than-expected December same-store sales (SSS) and total comparable sales, signaling robust consumer demand.

Automotive

• $TSLA (+0.2%)
  Tesla reported a rise in exports from China, highlighting the continued strength of its global supply chain.

Entertainment & Media

• $DIS (+0.4%)
  Disney’s user metrics revealed solid engagement, with an average of 157 million global monthly active users (MAUs) and 112 million domestic MAUs over the past six months.

Financial Sector

• $JEF (-2%)
  Despite a significant Q4 profit boost, driven by a 73% surge in investment banking revenue and 34% growth in capital markets revenue, Jefferies saw a pullback.

Airlines & Travel

• $DAL (+6%)
  Delta Airlines soared after delivering better-than-expected EPS and revenue. The company’s Q1 midpoint guidance also came in above forecasts, signaling a strong start to 2025.

Pharma & Retail Health

• $WBA (+11%)
  Walgreens Boots Alliance rallied as it smashed expectations across key metrics, including EPS, revenue, adjusted net income, and adjusted operating income.

Energy & Industrials

• $CEG (+6.5%)
  Constellation Energy Group surged after announcing its acquisition of Calpine for 50 million shares and $4.5 billion in cash, showcasing a bold growth strategy.

Semiconductors

• $NXPI (+2.5%)
  NXP Semiconductors climbed following an upgrade from Goldman Sachs, boosting investor sentiment.

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Today’s pre-market session reflects a mix of sector-specific catalysts, from tech and retail to energy and airlines. Investors should watch closely as earnings results, regulatory updates, and growth strategies continue to shape the market narrative.