
Pre-market news summary of US stocks
- In pre-market trading, the three major U.S. stock index futures all fell.
- As of the time of writing, Dow futures were down 1.5%, S&P 500 futures were down 1.6%, and Nasdaq futures were down 2.0%.
- The pan-European Stoxx 600 fell 2.0%, the UK FTSE 100 index dropped 1.3%, the German DAX index fell 2.3%, and the French CAC-40 index decreased by 3.0%.
- WTI crude oil fell to $60 per barrel, the first time since May 9, down 1.08% for the day. Brent crude oil fell nearly 1% during the day, currently reported at $62.93 per barrel.
- This week's bond market reflects investors' concerns about the expansion of U.S. debt and deficits, with Moody's downgrade of the U.S. top credit rating further exacerbating these concerns.
- Morgan Stanley published a research report stating that although U.S. stocks face many challenges in the first half of 2025, they hold a more optimistic view for the second half and 2026, reaffirming their 12-month target for the S&P 500 index at 6,500 points.
- Apple plunged nearly 4% in pre-market trading. Trump threatened that if iPhones are not manufactured in the U.S., he would impose a 25% tariff on Apple.
- Ross Stores fell over 11% in pre-market trading, withdrawing its annual sales and profit guidance.
- Trip.com rose over 1.2% in pre-market trading after being upgraded by Citigroup with a higher target price and earnings forecast
