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2023.09.29 09:24
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Pre-market trading in US stocks: Chinese internet and technology stocks, as well as US tech giants, are all on the rise. France approves iPhone 12 software update, while the risk of a US government shutdown still looms.

Tesla rose 1.6%, Nvidia rose over 1%, Apple rose 0.92%, Microsoft rose 0.8%, Amazon and Google rose 1%, Xiaopeng Motors rose nearly 4%, NetEase and iQiyi rose over 3%, NIO rose 3.6%, Baidu rose 2.6%, JD.com rose 3%, Alibaba and Pinduoduo rose 2%. Beike and Bilibili rose nearly 3%.

US Stock Market News

  1. Market News: French regulators approve iPhone 12 software update.

  2. BlackRock CEO Fink: 10-year US Treasury yields will remain at 5% or higher.

  3. Documents show that Microsoft CEO Satya Nadella will testify as a witness for the US Department of Justice in the Google antitrust case next Monday.

  4. US House Republicans release a temporary bill to provide funding for the US government.

  5. Credit Suisse: UBS Group plans to substantially complete the integration of Credit Suisse by the end of 2026.

  6. Goldman Sachs now expects the US benchmark 10-year Treasury yield to reach 4.3% by the end of 2023, up from the previous forecast of 3.9%.

  7. Fed's Bostic: Past rate hikes were just the beginning, there will be more tightening measures.

  8. Market News: Microsoft had discussions around 2020 to sell its Bing business to Apple. The negotiations between the two parties were exploratory and did not make progress.

  9. The possibility of a US federal government shutdown this weekend remains high. Late Thursday local time, the House of Representatives passed three of the four bills up for a vote. A bill to continue funding the government is likely to be voted on Friday, but given the differences between Republicans and Democrats on key issues, it seems unlikely to pass.

Pre-market Movement

In pre-market trading, Dow Jones futures rose 0.4%, Nasdaq futures rose 0.63%, and S&P 500 futures rose 0.44%.

In pre-market trading, Nike rose nearly 8% as first-quarter profits exceeded expectations.

XPeng Motors rose nearly 4%, NetEase and iQiyi rose over 3%, NIO rose 3.6%, Baidu rose 2.6%, JD.com rose 3%, Alibaba and Pinduoduo rose 2%. Ke Holdings and Bilibili rose nearly 3%.

Tesla rose 1.6%, NVIDIA rose over 1%, Apple rose 0.92%, Microsoft rose 0.8%, Amazon and Google rose 1%, Netflix and Meta rose 0.6%.

US Stock Market Strategies

  1. Costco disappoints the market by refusing to disclose the timing of membership fee increases, still seen as bullish by Wall Street

  2. Morgan Stanley: Long-term high interest rates impact bank performance, downgrades ratings of medium-sized banks such as Zion Bank

  3. Thinner, lighter, and better screen quality: Meta launches Quest 3 VR headset

  4. Market too optimistic! Micron Technology's Q4 revenue fell 40% YoY, and profit guidance is lower than expected.

  5. CICC: Focus on the three major investment opportunities in the automotive intelligence field: intelligent driving, intelligent cabin, and intelligent architecture.

  6. Credit Suisse may incur a loss of $2.2 billion in Q3, analysts believe that it will have little impact on the performance of Credit Suisse.

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