Zhitong
2024.10.08 12:53

Pre-market news flash on US stocks

① U.S. stock index futures rose slightly before the market opened on Tuesday, with investors focusing on the Federal Reserve meeting minutes and CPI report next. ② As of the time of publication, Dow Jones futures rose by 0.14%, S&P 500 index futures rose by 0.42%, and Nasdaq futures rose by 0.47%. ③ The German DAX index fell by 0.06%, the UK's FTSE 100 index fell by 1.05%, the French CAC 40 index fell by 0.54%, and the Euro Stoxx 50 index fell by 0.40%. ④ WTI crude oil fell by 2.29% to $75.37 per barrel. Brent crude oil fell by 2.15% to $79.19 per barrel. ⑤ Federal Reserve Governor Brainard stated on Tuesday that she strongly supports the recent rate cuts by the Federal Reserve, and if inflation continues to slow as she expects, she will support further rate cuts. ⑥ Traders have significantly changed their expectations for the Fed's monetary policy easing this year. The strong jobs report released last week provided confidence in Fed Chairman Powell's remarks. ⑦ Super Micro Computer continued to rise by over 3% before the market opened, with the company stating it delivers over 100,000 GPUs per quarter. ⑧ PepsiCo fell by 0.6% as Q3 net revenue was below expectations, with shareholders' net profit down by 5.24% year-on-year. ⑨ Trump Media & Technology Group rose by over 4% before the market opened, with Musk reportedly planning to provide more campaign support for Trump in Pennsylvania