U.S. stock futures are declining due to concerns about a potential government shutdown.
Nasdaq and S&P 500 futures are down by 1.5% and 1.0% respectively, while the Dow Jones Industrial Average is seeing a 0.6% decline.
Inflation data is also being closely monitored, as economists expect the Personal Consumption Expenditures (PCE) index to show a rise in inflation for November.
The expected increase aligns with trends observed in other inflation measurements and could influence future interest rate decisions.
Novo Nordisk shares are plummeting after disappointing results from trials of its obesity treatment.
Eli Lilly shares, on the other hand, are surging in response.
FedEx stock is surging after the company announced plans to spin off its Freight unit into a standalone entity.
Nike is facing challenges despite strong earnings, as the company expects revenues for the current quarter to decline.