Zhitong
2024.09.24 12:51

Pre-market news flash on US stocks

① U.S. stock index futures edged down slightly before the market opened on Tuesday, with global stock markets hitting historic highs. Asian and European stock markets surged, and commodity prices also rebounded.

② As of the time of writing, Dow Jones futures rose by 0.02%, S&P 500 index futures rose by 0.11%, and Nasdaq futures rose by 0.18%.

③ Germany's DAX index rose by 0.69%, the UK's FTSE 100 index rose by 0.28%, France's CAC 40 index rose by 1.38%, and the Euro Stoxx 50 index rose by 0.99%.

④ WTI crude oil rose by 2.36% to $72.03 per barrel. Brent crude oil rose by 2.148% to $74.78 per barrel.

⑤ Chicago Fed President Evans stated that as inflation approaches the Fed's target, the focus should shift to the labor market, "which may mean more rate cuts in the coming year."

⑥ Following the significant reduction in benchmark interest rates by the Fed last week to lower borrowing costs, U.S. companies flocked to the bond market on Monday.

⑦ Starbucks fell by over 2% in pre-market trading as RBC Capital Markets downgraded its rating and target price.

⑧ Hess rose by over 3.2% in pre-market trading on news that the U.S. FTC will approve Chevron's proposed $53 billion acquisition deal.

⑨ Sea continued to rise by 3.4% in pre-market trading, with the opening expected to hit a new phase high again. The company, together with four Thai companies, formed a consortium to apply for a digital banking license in Thailand