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Pre-Market Performance
U.S. equity futures were modestly higher ahead of the open, led by technology. Nasdaq 100 futures rose 123.3 points (0.41%) to 29,913.5; S&P 500 futures added 9.0 points (0.12%) to 7,600.3; and Dow Jones futures gained 22 points (0.04%) to 52,813.
European equities traded lower despite strength in some chip-linked names. The FTSE 100 slipped 16.93 points (0.16%) to 10,512.46; France’s CAC 40 fell 17.17 points (0.21%) to 8,349.68; and Germany’s DAX declined 168.46 points (0.67%) to 24,978.57.
In commodities and FX, crude prices held firm amid Middle East supply-risk concerns: WTI was near $79.42 and Brent near $84.82. Gold futures fell $26.90 (0.66%) to $4,042.80, silver declined to $58.43, and copper was near $6.3775. The U.S. Dollar Index edged up to 100.79, while the 10-year Treasury yield was around 4.609%.
Hot News
- Futures rise as earnings offset geopolitical risk. Investors balanced stronger corporate earnings and a softer U.S. inflation reading against renewed Middle East tensions, with technology leading gains. Read more
- Oil risk premium elevated on Middle East escalation. Markets monitored reports that Iran threatened to block energy exports and potential disruptions around Gulf shipping routes, keeping crude prices supported. Read more
- AI-linked chip demand remains a driver. ASML raised its 2026 outlook after stronger-than-expected results, citing demand from AI chipmakers; Nvidia-related H200 shipment headlines also supported sentiment across the AI hardware chain. Read more
- Deal activity keeps financials in focus. Bank and asset-management earnings and continued dealmaking—highlighted by a reported Stripe-Advent approach for PayPal—kept financials central to market tone. Read more
U.S. Stock Focus
- Nvidia — H200 shipments to China begin. A U.S. official told Congress that a limited number of Nvidia H200 chips have been shipped to China or Hong Kong. Nvidia was among the most active pre-market names, trading around $211.80, up 4.06%, with volume near 124.38 million shares.
- PayPal — Stripe and Advent reportedly make takeover offer. Stripe and Advent International have reportedly offered $60.50 per share, valuing PayPal at more than $53 billion. PayPal surged pre-market to about $56.47, up 19.21%.
- IBM — Preliminary Q2 results miss expectations. IBM’s preliminary Q2 revenue outlook came in below Wall Street estimates at about $17.2 billion versus consensus near $17.86 billion, and the stock traded around $217.07, down 25.21%.
- ASML — Raises 2026 outlook on AI chip demand. ASML reported Q2 net sales of €9.33 billion and net income of €2.92 billion, and lifted its 2026 revenue outlook to €43–€45 billion, underscoring AI-driven semiconductor spending.
- BlackRock — Q2 earnings beat. BlackRock posted Q2 EPS of $13.91 vs. expectations of $12.57, with revenue of $7.08 billion vs. forecasts of $6.72 billion; the stock traded near $1,069.00, up ~4.25%.
- Morgan Stanley — Trading and banking strength drive Q2 beat. Morgan Stanley reported Q2 EPS of $3.46 vs. $2.93 expected, and revenue of $21.3 billion vs. $19.62 billion, highlighting strong trading and capital-markets results.
- PNC Financial — Revenue and EPS top forecasts. PNC reported Q2 EPS of $4.85 vs. consensus $4.47, with revenue of $6.88 billion vs. $6.50 billion, emphasizing net interest income and loan growth trends.
- HCA Healthcare — Weak surgical volumes weigh on outlook. Preliminary Q2 figures showed weaker surgical volumes and a softer payer mix; adjusted EBITDA was lowered to $15.4–$16.1 billion, and the stock traded near $363.60, down ~6.95%.
- Aehr Test Systems — Record bookings fuel rally. Aehr Test reported fiscal Q4 revenue of $18.8 million, record quarterly bookings of $60.7 million, and GAAP net income of $1.4 million (or $0.04 per diluted share); the stock jumped sharply in pre-open trading.
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