Zhitong
2024.07.22 12:49

Pre-market news flash on US stocks

① US stock index futures strengthened before the market on Monday, as US President Biden decided to withdraw from the election over the weekend, injecting a certain degree of optimism into the market. Investors are shifting their focus from Biden's decision to end the presidential race to corporate earnings reports. ② As of the time of writing, Dow Jones futures rose by 0.1%, S&P 500 index futures rose by 0.6%, and Nasdaq futures rose by 1.0%. ③ Germany's DAX index rose by 1.4%, the UK's FTSE 100 index rose by 0.8%, France's CAC40 index rose by 1.3%, and the Euro Stoxx 50 index rose by 1.5%. ④ WTI crude oil fell by 0.57% to $78.19 per barrel. Brent crude oil fell by 0.52% to $82.20 per barrel. ⑤ The MSCI Global Index fell by 2.1% last week, marking its worst weekly performance since April, but is currently slightly rebounding. ⑥ Biden announced his withdrawal on social media platform X on July 21. Harris later said in a statement, "I am honored to have the President's support, and my goal is to win the nomination. I will do my best to unite the Democratic Party, unite our country, defeat Trump and his extreme '2025 Plan' agenda." ⑦ Bank of America fell nearly 2% before the market, as Buffett reduced his holdings and cashed out nearly $1.5 billion. ⑧ Generator manufacturer Generac rose by 2.8% before the market, receiving positive recommendations from several major banks recently. ⑨ Ryanair fell by 12% before the market, with Q1 net profit after tax plummeting by 46% year-on-year