U.S. stock market early trading: Novo Nordisk up about 5%, ZEEKR up about 9%, market awaits Federal Reserve decision

Wallstreetcn
2025.05.07 13:31

The Nasdaq rose 0.04%, the Dow Jones increased by 0.4%, and the S&P 500 index gained 0.2%. Novo Nordisk rose about 5%, with JP Morgan analysts noting that Novo Nordisk's decision to lower its earnings guidance for this year has already been reflected in the stock price. Disney increased by about 11%, as the company's second-quarter performance exceeded expectations and it significantly raised its full-year earnings guidance. ZEEKR rose about 9%, after Geely Automobile suggested privatizing ZEEKR, proposing a purchase price of $2.57 per share of ZEEKR or $25.66 per American depositary share. Advanced Micro Devices fell about 6%, as the company once again lowered its full-year sales forecast, acknowledging that it would be impacted by Trump's tariffs. In the early hours of Thursday Beijing time, the Federal Reserve's FOMC will announce its latest interest rate decision, with the market generally expecting the Federal Reserve to "stand pat," and investors are focused on Powell's statements regarding the future interest rate path at the post-meeting press conference

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