Zhitong
2024.09.16 12:14

Pre-market news flash on US stocks

①US stock index futures traded narrowly, as the market braces for a crucial week. ②As of the time of publication, S&P 500 index futures were basically flat, Nasdaq 100 index futures fell by 0.4%, and Dow Jones index futures rose by 0.2%. ③The market's reaction to the news of the second attempted assassination of former US President Donald Trump was relatively muted. ④Expectations of narrowing interest rate differentials between the US and Japan boosted the yen. ⑤US bond yields widened, with the policy-sensitive 2-year yield falling to its lowest level since September 2022. ⑥The long-awaited easing cycle in US policy is expected to be the focus of this week. Traders are divided on whether the Fed will cut rates by 25 or 50 basis points. ⑦Joyce Chang, Global Research Chair at JPMorgan Chase, believes that the Fed has room for more significant action, and taking greater action now is likely to send the right signal. ⑧Intel rose nearly 7% in pre-market trading. Reports suggest that the company has finally met the qualifications to manufacture semiconductor components for the Pentagon, potentially securing contracts worth up to $3.5 billion. ⑨Trump Media & Technology Group's US stock rose nearly 9% in pre-market trading