NextFin News -
1) Pre-Market Performance
U.S. equity futures were broadly lower ahead of the open as geopolitical risk, higher oil prices and pressure on high-valuation growth shares weighed on sentiment. Nasdaq 100 futures fell 305.5 points to 29,086.0 (down 1.04%); S&P 500 futures declined 53.25 points to 7,498.0 (down 0.71%); and Dow futures dropped 509 points to 52,688.0 (down 0.96%).
European markets also traded lower, with the FTSE 100 around 10,519.17 (down about 1.3%), the CAC 40 at 8,285.11 (down 1.79%), and the DAX at 25,007.33 (down 1.80%). The broader STOXX Europe 600 weakened as energy-sensitive sectors and banks lagged.
Commodities reflected the risk-off tone: Brent crude traded around $78.35 (up $4.19, 5.65%), WTI crude near $74.29 (up $3.85, 5.47%), gold futures fell $83.75 to $4,073.65 (down 2.01%), and the U.S. Dollar Index rose about 0.20% to 100.975.
2) Hot News
- U.S. futures slide as Iran deal uncertainty drives risk-off trade. Futures fell after President Donald Trump said the interim agreement aimed at ending the war with Iran was “over,” stoking concerns of renewed escalation in the Gulf and lifting volatility, with Nasdaq futures underperforming.
- Oil jumps more than 5% as supply-risk premium returns. Brent and WTI surged as investors repriced the risk of disruption around the Strait of Hormuz and broader Middle East supply routes, supporting energy producers but pressuring airlines and travel names.
- European equities weaken as higher oil and tech volatility pressure sentiment. Renewed Middle East tensions rattled investors, with autos, banks and travel-linked shares among the weaker groups, extending the global risk-off tone into U.S. pre-market trading.
- AI and semiconductor momentum remains under scrutiny. Technology sentiment stayed fragile after a sharp pullback in chip-linked names, with investors questioning whether the AI rally has run too far and reinforcing pressure on Nasdaq-linked futures.
3) U.S. Stock Focus
- Apple — $30 billion Broadcom chip agreement. Apple said it will spend more than $30 billion under a chip-supply deal covering U.S.-made radio-frequency and wireless connectivity components, expected to deliver at least 15 billion chips as part of its U.S. manufacturing push; Apple traded around $310.66, down 0.64% in pre-market indications.
- Broadcom — Fort Collins expansion tied to Apple supply deal. Broadcom plans a $1.5 billion expansion in Fort Collins, Colorado, under the long-term supply arrangement through 2031, covering FBAR filters and other wireless components; shares were indicated down about 0.83%.
- Alibaba — U.S.-listed shares rally on pre-earnings optimism. Alibaba’s Hong Kong shares jumped as much as 12.5%, and U.S.-listed shares surged about 10.3% in pre-market trading after reports of narrowing losses in its instant-commerce business and rotation into Chinese internet names.
- Chevron — Energy shares gain as crude surges. Chevron rose about 2.8% in pre-market trading as Brent and WTI both climbed more than 5%, reflecting demand for integrated energy exposure amid higher geopolitical risk.
- Exxon Mobil — Oil-price spike supports pre-market bid. Exxon Mobil gained about 2.6% before the open, benefiting from the sharp rise in crude futures and attracting inflows to large-cap energy names.
- ConocoPhillips — Upstream exposure strengthens with crude. ConocoPhillips advanced roughly 2.9% in pre-market trading as exploration and production shares rallied with WTI above $74 and Brent approaching the high $70s.
- United Airlines — Shares fall as fuel-cost concerns rise. United dropped about 4.2% pre-market as the oil spike raised concerns about jet-fuel costs and travel demand sensitivity.
- Delta Air Lines — Airline weakness extends across the group. Delta fell around 3.2% before the opening bell, tracking the broader decline in travel-linked shares amid elevated fuel-cost risk.
- MasTec — Mizuho raises target after Superior Group acquisition. Mizuho lifted its MasTec price target to $502 from $498 and kept an Outperform rating following MasTec’s $1.65 billion acquisition of The Superior Group, which is expected to add $1.6 billion to $1.7 billion in 2026 revenue with data-center exposure.
- Rocket Lab — Morgan Stanley reiterates Overweight after Iridium deal. Morgan Stanley reiterated an Overweight rating and $105 price target on Rocket Lab, citing the planned acquisition of Iridium Communications as a step toward a vertically integrated space platform; Rocket Lab recently traded near $83.41.
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