Pre-market news summary for US stocks

Zhitong
2025.04.04 13:15

① U.S. stock index futures plummeted. ② As of the time of publication, Dow Jones index futures fell 2.2%, S&P 500 index futures fell 2.2%, and Nasdaq 100 index futures fell 2.3%. ③ The pan-European Stoxx 600 fell 4.3%, the UK FTSE 100 index dropped 3.8%, the German DAX index fell 3.9%, and the French CAC-40 index decreased by 3.8%. ④ The decline in crude oil further intensified, with WTI crude oil falling below $62 per barrel for the first time since August 2021, down 6.9% intraday. Brent crude oil dropped 5.00% intraday, currently reported at $66.12 per barrel. ⑤ Economists at JP Morgan predict a 60% chance of a global recession. JP Morgan's Chief Global Economist Bruce Kasman wrote, "If these policies persist, they could push the U.S. and even the global economy into recession this year." ⑥ Traders have begun to bet on interest rate cuts by the Federal Reserve. The money market now indicates a 100 basis point cut by the end of the year, equivalent to four cuts of 25 basis points, higher than the approximately 75 basis points before the announcement of increased tariffs. ⑦ Several popular U.S. Chinese concept stocks saw pre-market declines expand to 10%. PDD fell 10% in pre-market trading, XPeng fell 10.1%, Bilibili fell 9.6%, and JD.com fell 10%. ⑧ U.S. bank stocks saw pre-market declines widen, with Morgan Stanley down 6.1%, Bank of America down 5.4%, and JP Morgan down 5.1%. ⑨ DuPont fell over 9% in pre-market trading due to DuPont China Group Co., Ltd. being suspected of violating the Anti-Monopoly Law of the People's Republic of China, leading to an investigation by the State Administration for Market Regulation of China