NextFin News -
1) Pre-Market Performance
U.S. equity futures pointed higher, led by growth and technology contracts. Nasdaq 100 futures rose 265.8 points, or 0.91%, to 29,371.5; S&P 500 futures gained 34.8 points, or 0.45%, to 7,704.5; Dow Jones futures advanced 296 points, or 0.55%, to 53,785.
European markets also traded firmer. Germany's DAX rose 203.66 points, or 0.78%, to 26,310.26; France's CAC 40 gained 26.73 points, or 0.32%, to 8,479.74; and the U.K. FTSE 100 edged up 11.50 points, or 0.11%, to 10,865.82.
Commodities were mixed as energy prices retreated while the dollar firmed slightly. Brent crude futures fell 3.19% to $87.65 a barrel, and WTI crude dropped 3.55% to $81.99. Gold futures slipped 0.12% to $4,692.36 an ounce. The U.S. Dollar Index traded at 98.96, up 0.03%; EUR/USD was near 1.1661, GBP/USD near 1.3631, and USD/JPY near 159.24.
2) Hot News
- Tech rebound supports U.S. futures
U.S. futures rose as investors bought back into technology shares following Monday's semiconductor-led selloff. Nvidia, Meta, Micron, Western Digital and Sandisk were among the early movers cited in the rebound, keeping the Nasdaq 100 futures outperformance in focus. - Iran sanctions fail to lift oil prices
Oil prices fell even after the U.S. expanded economic pressure on Iran and warned countries against continuing business with Tehran. The market reaction suggested traders viewed the sanctions announcement as less disruptive to near-term supply than feared. - Gold eases after three-month high
Gold pulled back as profit-taking and a firmer dollar interrupted a rally that had taken bullion to its highest level since mid-May. The metal remained supported by broader demand for hedges against currency and bond-market volatility.
3) U.S. Stock Focus
- Nvidia: Options imply $280 billion post-earnings swing
Nvidia remained the central catalyst for the AI trade, with options pricing a 5.4% move in either direction after Wednesday's earnings. The implied market-cap move is about $280 billion, even as the stock entered the week on a seven-session losing streak. - Advanced Micro Devices: Raymond James upgrades to Strong Buy
AMD shares rose about 2.5% in pre-market trading after Raymond James upgraded the stock to Strong Buy from Outperform. The firm lifted its price target to $641 from $565, citing AMD's position in AI server CPUs and data-center compute. - Tesla: Cybertruck prices raised in the U.S.
Tesla raised U.S. prices for two Cybertruck trims by $5,000. The Dual-Motor AWD price increased to $74,990 from $69,990, while the Premium AWD rose to $84,990 from $79,990; Tesla shares gained about 0.78% in pre-market trading. - Bloom Energy: Pelosi disclosure drives pre-market surge
Bloom Energy shares jumped about 6.4% pre-market after congressional disclosures showed a new position linked to former House Speaker Nancy Pelosi. The disclosure included 15,000 Class A shares and 200 call options with a $100 strike expiring in June 2027. - Navitas Semiconductor: Claros acquisition announced
Navitas Semiconductor agreed to acquire Claros in a deal valued at about $232.8 million. The company said the transaction would more than double its 2030 serviceable addressable market to over $8 billion and support revenue growth and margin expansion. - Gorilla Technology: Guidance raised, but shares fall
Gorilla Technology reported first-half revenue of $78.4 million, above the $43.64 million consensus estimate, while second-quarter revenue rose 138% year over year to $50.1 million. The stock fell about 10% pre-market as 2027 revenue guidance of $450 million to $500 million came in below analyst expectations. - The Trade Desk: Shelf filing pressures shares
The Trade Desk shares fell about 3% in after-hours trading after the company filed a shelf prospectus. The filing covers potential future sales of securities including Class A common stock, preferred stock, debt securities, warrants and units, without specifying timing or offering size. - Intuit: Fiscal fourth-quarter results due after the close
Intuit is scheduled to report fourth-quarter and fiscal-year 2026 results at 4:30 p.m. EDT. Investors will focus on TurboTax, QuickBooks, Credit Karma, Mailchimp and Intuit Enterprise Suite trends, along with guidance ahead of the company's September investor day.
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