STOCKS/ECONOMY
-Stock futures are modestly higher as investors come off Thursday's Juneteenth holiday and Wednesday's flat close. The markets may be treading water as they await new developments in the Middle East.
-The yield on the 10-year Treasury bond is up to 4.43 percent.
-Gold is down to the $3,364 per ounce level. Bitcoin is at the $105,900 level.
-Asian markets closed mixed today. The Hang Seng rallied 1.3 percent higher, the Nikkei lost 0.2 percent, and the Shenzhen fell 0.5 percent.
OIL/ENERGY
-U.S. crude prices are flat and at the $75 a barrel level.
-Gasoline prices are up to $3.21 a gallon, national average.
EARNINGS SCORECARD
-Carmax (KMX) reported better than expected quarterly profits and revenues. Its shares are up 10 percent in the premarket.
-Olive Garden and Capital Grille parent Darden Restaurants (DRI) reported better than expected quarterly profits and revenues. Its shares are up 3 percent in the premarket.
BIDDING WAR
-Specialty building products company GMS (GMS) is now the object of a bidding war between Home Depot (HD) and QXO (QXO). GMS shares are up 28 percent in the premarket.
CAR SALE
-Stellantis (STLA) may sell off Maserati as part of the company's overall cost-cutting and restructuring. Stellantis shares are up 1 percent in the premarket.
AI MANIA
-Softbank founder Masayoshi Son is pitching the idea of a $1 trillion industrial complex in Arizona that will build robots and artificial intelligence. Son is reportedly looking to team up with Taiwan Semiconductor (TSM) on the plan. Taiwan Semi shares are up 1 percent in the premarket.
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