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Pre-Market Performance
U.S. equity futures are firmly higher, led by a rebound in growth and semiconductor-linked names. Nasdaq 100 futures are up 349.0 points, or 1.22%, to 28,903.0; S&P 500 futures are up 54.3 points, or 0.75%, to 7,332.8; Dow futures are up 401.0 points, or 0.80%, to 50,391.0.
European markets are also positive: the FTSE 100 is up 100.33 points, or 0.98%, to 10,355.14 (range: 10,252.27–10,361.40), France’s CAC 40 is up 81.56 points, or 1.00%, to 8,243.39, and Germany’s DAX is up 76.71 points, or 0.32%, to 24,272.02.
Commodities are easing as geopolitical risk pricing moderates: Brent crude is down 1.36% to $91.83, WTI crude is down 1.21% to $88.94, gold futures are down 0.65% to $4,106.26, and silver futures are down 1.51% to $63.763. In currencies, the U.S. Dollar Index is up 0.13% to 100.062; EUR/USD is little changed at 1.1538, and USD/JPY is near 160.52.
Hot News
- Tech rebound and easing U.S.-Iran tensions lift risk appetite: Investors bought beaten-down technology shares, particularly semiconductors, while reports of U.S.-Iran messaging eased some energy-supply fears and weighed on crude prices.
- SpaceX IPO debate intensifies ahead of trading debut: Short seller Jim Chanos criticized the offering’s valuation, adding scrutiny to what could be one of the year’s largest capital-market events.
- European equities trade higher despite geopolitical caution: FTSE 100, CAC 40 and DAX gains reflect the broader recovery in global risk appetite, though investors remain attentive to Middle East headlines and energy-price volatility.
U.S. Stock Focus
- Oracle — AI capex concerns overshadow earnings beat: Oracle reported fiscal fourth-quarter adjusted EPS of $2.11 on revenue of $19.18 billion, beating estimates, but shares fell ~10.1% after management outlined up to $95 billion of fiscal 2027 capital expenditures and plans to raise about $40 billion.
- Navan — Guidance raise sends shares sharply higher: Navan raised full-year revenue guidance to $907M–$913M (from $866M–$874M) and lifted adjusted operating profit to $76M–$80M; Q1 revenue rose ~40% to $220.2M, and shares jumped ~17% in extended trading.
- Nvidia — Shares rebound with chipmakers: Nvidia is participating in the semiconductor-led recovery, with pre-market gains cited between 1.2% and 4.7% as buyers rotate back into AI-infrastructure leaders.
- Intel — Premarket recovery follows sector selloff: Intel is higher in pre-market trading alongside other chipmakers as investors return to the sector after recent weakness.
- Micron Technology — Memory-chip shares regain footing: Micron is also gaining pre-market amid renewed interest in AI-linked chip demand and a broader Nasdaq futures rally.
- Adobe — Earnings due after the close, AI monetization in focus: Adobe reports fiscal Q2 after the close; consensus is roughly $5.81–$5.82 in adjusted EPS on about $6.45B–$6.46B in revenue, with investors watching Firefly and AI monetization trends.
- Oxford Industries — Mixed quarter, guidance update: Oxford Industries reported Q1 EPS of $1.39 (vs. $1.29 consensus) and revenue of $391.402M, slightly missing expectations; shares fell ~6.6% after-hours as sales outlook narrowed despite raised fiscal guidance.
- Lennar — Homebuilder earnings expected after the close: Lennar is set to report after the close, with analysts looking for EPS of $1.25 on revenue of $8.02B; shares traded slightly lower in after-hours action.
- Driven Brands — Results expected before the open: Driven Brands is expected to report ~$0.25 EPS on revenue of $486.48M before the bell; shares were slightly lower after-hours.
- RH — Luxury furnishings results due after market close: RH will report first-quarter fiscal 2026 results after the close, with a conference call at 5:00 p.m. ET and a shareholder letter from CEO Gary Friedman; investors will watch demand trends and international expansion progress.
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