Pre-market news summary for US stocks

① The three major U.S. stock index futures are mixed: Dow futures are down 0.03%, S&P 500 futures are up 0.07%, and Nasdaq futures are down 0.18%.

② European stock indices are mixed: Germany's DAX30 is down 0.14%, France's CAC40 is down 0.32%, Europe's Stoxx 50 is down 0.14%, and the UK's FTSE 100 is up 0.92%.

③ The U.S. government shutdown has lasted for 22 days, marking the second-longest record in history. The impasse over healthcare subsidies may extend the shutdown into November. About 2 million federal employees are furloughed, and 750,000 are forced to take leave. The White House warns that military spending and food assistance may be affected, and the economic impact is intensifying.

④ There are 7 days until the next Federal Reserve FOMC meeting. According to data from the CME FedWatch tool, the market expects a 96.7% probability of a 25 basis point rate cut at this meeting, while the probability of maintaining the current rate is only 3.3%.

⑤ Goldman Sachs Chief Economist Jan Hatzius warns that the market's GDP forecasts for the U.S. are overly optimistic, and the data vacuum caused by the government shutdown may obscure the true state of the labor market's weakness.

⑥ Bank of America raised its target price for Google to $280, maintaining a "buy" rating. It expects Q3 revenue of $86 billion and EPS of $2.17, with search growth of 12% and positive performance in AI and cloud business.

⑦ Apple is down about 0.7% in pre-market trading. Reports indicate that Apple has significantly cut production orders for the iPhone Air while increasing orders for other iPhone 17 models. Additionally, the company is facing an antitrust complaint from the EU regarding its App Store terms.

⑧ Netflix is down nearly 7% in pre-market trading. Q3 revenue met expectations, but due to the impact of a tax case in Brazil, EPS of $5.87 was below expectations.

⑨ Beyond Meat is experiencing a short squeeze again, with pre-market stock prices soaring over 80%, following a single-day surge of 146%. The short interest in the stock accounts for over 50% of its float, with the rally primarily driven by a short squeeze triggered by debt-to-equity transactions