5 Things to Know Before the Stock Market Opens

U.S. stock futures point lower after a volatile week of trading and President Donald Trump’s comments from a weekend interview in which he failed to rule out a recession; Oracle (ORCL) shares are declining ahead of the cloud services giant’s third-quarter earnings after the bell; Redfin (RDFN) shares soar 75% on news the digital real estate brokerage is being acquired by Rocket Companies (RKT) for $1.75 billion of equity value; and U.S.-listed shares of Novo Nordisk (NVO) are falling after the latest trial results of its CagriSema weight-loss drug. Here’s what investors need to know today.

1. US Stock Futures Point Lower After Volatile Week

U.S. stock futures are pointing lower after a week of volatile trading due to ongoing uncertainty about the impact of policies coming out of the White House and fears that the U.S. economy is headed toward a big slowdown. S&P 500 futures are down more than 1% after the index’s worst week since September. Nasdaq and Dow Jones Industrial Average futures are down by similar percentages. Yields on the 10-year Treasury note are lower at around 4.25% ahead of fresh inflation data this week. Gold futures are slipping. Oil futures are moving higher.

2. Trump Dismisses Business Fears, Doesn’t Rule Out Recession

President Donald Trump this weekend dismissed business concerns over his tariffs policy on Canada, China, Mexico, and potentially other trading partners, saying the import taxes would bring “wealth back to America.” In a taped interview with Fox News, Trump didn’t rule out the possibility that disruptions from the tariffs could bring about an economic recession, arguing that their benefits to the economy could take “a little time.”

3. Oracle Stock Declines Ahead of After-Markets Earnings

Oracle (ORCL) shares are down 1.5% in premarket trading ahead of its quarterly earnings report scheduled to be released after markets close today. The cloud services giant is projected by analysts tracked by Visible Alpha to report year-over-year revenue growth of 8% to $14.38 billion, and adjusted earnings per share (EPS) of $1.49, up nearly 6%. The company may also make commentary on its $500 billion Stargate joint venture to build artificial intelligence (AI) infrastructure.

4. Redfin Stock Soars as Rocket Companies to Acquire Firm

Redfin (RDFN) shares are jumping 75% on news the digital real estate brokerage is being acquired by Rocket Companies (RKT) for $1.75 billion. Rocket shares are sinking 11% after the Detroit-based mortgage lender said it was buying Redfin in an all-stock transaction for $12.50 per share. “Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers,” Rocket Companies CEO Varun Krishna said.

5. Novo Nordisk Stock Sinks After Weight-Loss Drug Trial Results

Novo Nordisk’s (NVO) U.S.-listed shares are dropping 7% in premarket trading after Phase 3 trial results of its next-generation weight-loss treatment. The Danish drugmaker’s tests for CagriSema in patients with type 2 diabetes showed 15.7% average weight loss after 68 weeks, compared with 22.7% in a prior test. Both results were lower than Novo Nordisk’s 25% weight-loss goal for the drug.