NextFin News -
1) Pre-Market Performance
U.S. index futures were lower as investors opened the second half with a more cautious tone. Nasdaq 100 futures fell 151.50 points, or 0.50%, to 30,372.00; S&P 500 futures declined 16.25 points, or 0.22%, to 7,532.00; and Dow futures lost 150.00 points, or 0.28%, to 52,520.00.
European equities were mixed to weaker. France’s CAC 40 traded at 8,327.67, down 76.32 points, or 0.91%. Germany’s DAX was nearly flat at 24,993.32, down 2.49 points, or 0.01%. The U.K. FTSE 100 was indicated around 10,484.53, down roughly 0.1%, as regional markets tracked a cautious global risk backdrop.
Commodities and FX: Brent crude traded near $72.32 a barrel, down $0.63, while WTI crude was around $68.80, down $0.70, with traders still focused on Middle East supply risks. Gold remained under pressure near the $3,980–$3,990 area, with U.S. gold futures quoted around $3,987.10, down about 1.3%. The U.S. Dollar Index rose about 0.15% to 101.26, while USD/JPY hovered around 162.65, near a 40-year yen low.
2) Hot News
- Wall Street futures ease as second half begins: U.S. futures slipped after a strong first-half run as investors took a more defensive stance amid renewed Middle East uncertainty and stretched gains in tech-led indexes.
- Middle East supply risk keeps energy markets volatile: Crude prices remained sensitive to headlines after Iran declined to meet senior U.S. envoys, and U.S. crude inventories fell by 6.1 million barrels in the week ended June 26.
- Dollar strength pressures risk assets and metals: A firmer dollar and stable Treasury yields pushed the yen to multi-decade lows and weighed on gold, adding pressure to dollar-priced commodities and risk appetite.
- Global equities trade cautiously: European markets were broadly softer and Asian trading was mixed, with overseas caution carrying into U.S. pre-market weakness across major index futures.
3) U.S. Stock Focus
- Nike — Turnaround concerns after fiscal Q4 results: Nike reported fiscal fourth-quarter revenue of $11.0 billion, down 1% on a reported basis and down 4% on a currency-neutral basis; full-year revenue was $46.4 billion. Shares fell about 3.5% pre-market as investors focused on weak Nike Direct trends and China softness.
- Constellation Brands — Earnings beat and raised guidance: Constellation reported fiscal Q1 2027 comparable EPS of $3.43 and revenue of $2.43 billion, ahead of expectations; STZ rose roughly 3.2% pre-market.
- Bloom Energy — AI infrastructure partnership expands: Bloom Energy and Brookfield expanded their AI infrastructure power partnership from $5 billion to $25 billion. BE gained about 7.4% pre-market as investors priced a larger financing runway for fuel-cell deployments tied to AI data-center demand.
- Intuitive Machines — Sixth NASA CLPS award: Intuitive Machines secured its sixth NASA CLPS award, strengthening its commercial lunar payload and infrastructure role; LUNR rose about 8.2% pre-market.
- Bit Origin — NVIDIA Blackwell B300 acquisition: Bit Origin announced the acquisition of about $11 million of NVIDIA Blackwell B300 AI infrastructure assets, with contracted deployment in Malaysia; BTOG gained about 18.4% pre-market.
- Getty Images and Shutterstock — Merger termination planned: Getty Images plans to terminate its merger agreement with Shutterstock after U.K. regulatory conditions required the sale of Shutterstock’s editorial business; Shutterstock dropped about 28.3% pre-market.
- INLIF — 1-for-200 reverse split approved: INLIF approved a 1-for-200 reverse stock split, effective July 6; shares fell about 44.5% pre-market amid concerns over liquidity and post-split dynamics.
- Creative Medical Technology — Warrant exercise announced: Creative Medical Technology said warrants will be exercised for approximately $4.5 million in gross proceeds; CELZ declined about 18% pre-market on concerns about share-supply overhang.
Explore more exclusive insights at nextfin.ai.
