Stock futures dip, Salesforce to spotlight AI push; Musk: New Tesla Roadster to ship in 2025
Reuters Investing.com
{Header: Futures dip, Salesforce, Tesla, Country Garden in focus}
Content: U.S. stock futures trade lower on Wednesday, as market participants brace for several key economic data releases and look ahead to earnings reports from technology giants.
Investors will be anxiously watching for indications on the success of the artificial intelligence (AI) push at Salesforce when the software group reports its quarterly earnings after the close of trading.
The headline PPI and core PPI for January will be released on Thursday, followed by the personal consumption expenditures price index (PCE) on Friday, which is the key metric closely watched by the Federal Reserve.
Meanwhile, Elon Musk announced via Twitter that Tesla has finished the production design of its new Roadster and hopes to begin shipping the vehicle in 2025. This announcement comes as Tesla's stock has rallied roughly 37% year-to-date.
Country Garden faces a liquidation petition and Chinese property stocks slide as concerns over the real estate sector continue to grow.
Oil prices fell slightly after rebounding strongly on Tuesday on expectations that OPEC+ will maintain its current pace of supply cuts.
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