US inventory futures have been pointing to the next open Tuesday as shares seemed to proceed a record-setting run that has turn out to be the story on Wall Avenue in the course of the first quarter of the yr.Futures on the S&P 500 (^GSPC) rose almost 0.4%, whereas these tied to the Dow Jones Industrial Common (^DJI) edged larger by about 0.2%. Futures tied to the tech-heavy Nasdaq Composite (^IXIC) led the way in which up, rising about 0.5%.Wall Avenue took a break from its rally on Monday, with all three main indexes dipping barely. However a bullish temper is prevailing, with the newest sign coming from Oppenheimer Asset Administration strategist John Stoltzfus, who raised his 2024 S&P 500 worth goal to a Avenue-high 5,500.On Tuesday, the main focus turned to financial knowledge coming down the pike. Readings on sturdy items orders and US shopper confidence are due Tuesday, as is the newest launch of the Case-Shiller residence worth index.The entire knowledge this week serves as appetizers for the primary occasion on Friday, when the federal government will launch the Private Consumption Expenditures Value Index. That comprises the Federal Reserve’s most well-liked have a look at the tempo of inflation, within the type of “core” PCE progress.In firm information, former President Donald Trump’s social media firm was set for its Wall Avenue debut after merging with Digital World Acquisition Corp. Shares of Trump Media & Know-how Group Corp. (DJT) rose as a lot as 20% in premarket buying and selling.Live3 updatesTue, March 26, 2024 at 8:00 AM CDTReddit rally rages onThe submit IPO Reddit (RDDT) rally has continued.After a 30% pop on Monday, shares are up one other 14% pre-market. The corporate has the highest trending ticker web page on Yahoo Finance this morning.Reddit’s market cap now stands at almost $10 billion, up sharply from the $6.5 billion valuation the corporate priced its IPO finally week.Perspective…Meta (META) market cap: $1.28 trillionSnap (SNAP) market cap: $18.6 billionTue, March 26, 2024 at 7:00 AM CDTCocoa costs rip larger — this is the issue for HersheyThe sell-off in Hershey’s (HSY) inventory is choosing up as cocoa costs rip to a report excessive.Hershey shares are off by 5% previously 5 buying and selling classes as cocoa costs have moved past a report $10,000 a ton. Cocoa costs have greater than doubled this yr on the again of poor crop situations in West African areas.The issue for Hershey is that it appears effectively behind the curve on elevating costs to offset lower than candy cocoa prices. Hershey is within the midst of implementing new expertise that higher tracks ordering, delivery and costs, which is weighing on execution. In flip, Hershey’s revenue margins within the first half of 2024 stand to be below an excessive amount of stress.A reminder on this situation from Hershey’s early February earnings name. The feedback are from CFO Steve Voskuil:”After we take into consideration the affect of future worth enhance, we’re actually challenged within the first half of this yr simply due to the ERP [enterprise resource planning] implementation — it places some limitations on what we are able to do. And you may think about monumental collaboration between us and retailers to execute that transformation. So we’re making an attempt to maintain issues very steady throughout that interval. And so additional worth will increase ought to they arrive, will profit extra the again half of the yr and possibly extra so 2025.”Tue, March 26, 2024 at 6:30 AM CDTThe subsequent shoe to drop at Underneath ArmourThe revolving C-suite door at struggling Underneath Armour (UAA) is prone to maintain spinning within the months forward.Returning CEO and founder Kevin Plank is prone to make management group adjustments within the months forward, an individual conversant in the matter tells me. This is sensible because the management group was accomplished overhauled by exiting CEO Stephanie Linnartz, as I’ve reported.Different prime executives not eager on working with Plank — a controversial chief with a checkered historical past on delivering cultural excellence —are already eyeing the exits, the supply tells me.Plank primarily booted Linnartz from the CEO place, sources have advised me, angering company workers.Underneath Armour shares are down about 14% since Plank introduced his return on March 13 as buyers fret over uncertainty on the firm.