Zhitong
2024.09.19 11:56

Pre-market news on US stocks

① The three major stock index futures rose together, with the narrative of a soft landing in the U.S. economy once again becoming a market focus. ② As of the time of publication, Dow Jones futures rose by 1.21%, S&P 500 index futures rose by 1.66%, and Nasdaq futures rose by 2.07%. ③ The German DAX index rose by 1.49%, the UK FTSE 100 index rose by 1.04%, the French CAC 40 index rose by 1.98%, and the Euro Stoxx 50 index rose by 1.81%. ④ WTI crude oil rose by 1.12% to $70.66 per barrel. Brent crude oil rose by 0.99% to $74.38 per barrel. ⑤ A 50 basis point rate cut is still not enough! The market is betting that the Federal Reserve will cut rates by a further 70 basis points before the end of the year. ⑥ "New Bond King" Gundlach: A significant 50 basis point rate cut is still not enough, the Federal Reserve is a bit behind the curve. ⑦ The Federal Reserve rate cut cycle has kicked off! The trend of "big to small" in the market is becoming more apparent, with small-cap stocks gaining momentum. ⑧ Mobileye rose by 8% in pre-market trading, and Intel stated that it has no plans to divest the majority of its stake in the company. ⑨ Cryptocurrency stocks rose in pre-market trading, with Coinbase up by 3.6% and MicroStrategy up by 4.4%