
Pre-market news summary for US stocks
- Before the US stock market opens, the three major US stock index futures are mixed.
- As of the time of writing, Dow futures are down 0.02%, S&P 500 futures are up 0.25%, and Nasdaq futures are up 0.49%.
- The German DAX index is up 1.27%, the UK FTSE 100 index is up 0.04%, the French CAC 40 index is up 1.41%, and the Euro Stoxx 50 index is up 1.52%.
- WTI crude oil is down 0.42%, priced at $61.52 per barrel. Brent crude oil is down 0.44%, priced at $65.06 per barrel.
- The US ADP employment data unexpectedly recorded a negative value, leading investors to bet on two more rate cuts by the Federal Reserve this year.
- The EU plans to significantly raise steel import tariffs to 50% to protect the domestic steel industry.
- Quantum computing and storage concept stocks are rising before the market opens, with LAES, IONQ, and RGTI up over 3%; Western Digital is up over 4%, SanDisk Corp is up nearly 3%, and Seagate Technology is up nearly 2%.
- Occidental Petroleum saw a rapid rise before the market opened, at one point up over 3%. Berkshire Hathaway will acquire Occidental Petroleum's petrochemical business for $9.7 billion.
- Nebius is up over 6% before the market opens, and Microsoft is reportedly set to use Nebius data centers for large language model development
