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Pre-Market Performance
U.S. equity futures pointed sharply higher before the open, led by growth and technology. Nasdaq 100 futures rose 646.0 points, or 2.16%, to 30,600.8; S&P 500 futures gained 98.5 points, or 1.31%, to 7,596.0; and Dow Jones futures advanced 494 points, or 0.96%, to 52,099.
European equities were firmer: Germany’s DAX rose 332.51 points, or 1.35%, to 24,967.81 (intraday high 25,085.80), France’s CAC 40 gained 109.72 points, or 1.31%, to 8,460.59, and the U.K.’s FTSE 100 edged up 10.99 points, or 0.10%, to 10,482.71.
In commodities and FX, crude oil sold off sharply as geopolitical risk premiums eased: WTI traded near $80.33 (down 5.36%), Brent near $83.00 (down 4.96%). Gold futures rose to about $4,366.32 (up 3.01%), supported by a softer dollar and lower yields. The U.S. Dollar Index slipped to around 99.262 (down 0.23%).
Hot News
U.S. stock futures rallied after Washington and Tehran reached a preliminary agreement aimed at ending the Iran war and reopening the Strait of Hormuz. The sharp drop in crude prices eased inflation concerns and supported gains in rate-sensitive growth stocks, travel shares and broader equities.
- Dollar loses safe-haven support
The dollar hovered near a 10-day low as investors reduced demand for war-related hedges, and lower energy-risk premiums contributed to a pullback in Treasury yields, reinforcing the pre-market rally.
- Gold rebounds despite improved geopolitical tone
Gold futures advanced more than 3% as the softer dollar and lower bond yields outweighed reduced safe-haven demand, indicating continued hedging of policy and inflation uncertainty.
- Shippers remain cautious on Hormuz
Shipping companies remained cautious about transit through the Strait of Hormuz despite the U.S.-Iran framework; logistics and insurance conditions remain variables for crude and transport costs.
- Mega-IPO momentum supports risk sentiment
SpaceX’s public-market debut continued to influence risk appetite, with its small float and strong retail demand bolstering expectations for additional high-profile IPOs later in the year.
U.S. Stock Focus
- SpaceX — Post-IPO gains extend
SpaceX shares extended gains in pre-market trading after closing Friday with a market capitalization around $2.1 trillion. Reuters-linked pre-market data showed the stock up about 5.8%, adding to Friday’s roughly 19% debut-day surge.
- Micron Technology — Broker upgrades drive chip rebound
Micron rose about 7.4% pre-market after multiple brokerages raised price targets, with AI memory demand the central bullish catalyst.
- Nvidia — AI bellwether rises with broader chip group
Nvidia gained around 2% pre-market as technology shares benefited from lower yields and a recovery in risk appetite, remaining a key read-through for AI infrastructure demand.
- Intel — Semiconductor rebound extends
Intel added about 2.7% pre-market alongside gains in Nvidia, Micron and Marvell, reflecting renewed buying in chip names.
- Marvell Technology — Chip shares firm; Adobe CFO move in focus
Marvell rose roughly 4.6% pre-market as semiconductor sentiment improved. The company is also in focus because Adobe said CFO Dan Durn would depart on June 15 to join Marvell, adding an executive catalyst to the stock.
- Adobe — CFO departure offsets earnings beat
Adobe remained under scrutiny after its post-close earnings report triggered selling, despite Q2 FY2026 revenue of $6.62 billion and non-GAAP EPS of $5.96, both above estimates. The main pressure point was CFO Dan Durn’s departure effective June 15, along with concerns about organic ARR growth and AI competition.
- Oracle — AI capex funding plan weighs on sentiment
Oracle stayed in focus after a strong quarterly report but plans to raise about $40 billion through debt and equity to fund AI infrastructure capex, raising investor attention on free cash flow and dilution risk.
- Paramount Skydance — DOJ clears Warner Bros. deal
The U.S. Justice Department cleared Paramount Skydance’s planned $110 billion acquisition of Warner Bros. Discovery, saying the transaction was unlikely to harm competition. Paramount Skydance shares gained about 3.8% pre-market after the regulatory clearance removed a major hurdle.
- Roku — Fox announces $22 billion acquisition
Fox agreed to buy Roku in a cash-and-stock deal valued at roughly $22 billion, including debt. The transaction would give Fox access to more than 100 million global households, Roku’s platform data and the Roku Channel.
- United Airlines — Lower oil boosts travel shares
United Airlines rose about 5% pre-market as crude’s sharp decline improved sentiment toward fuel-sensitive carriers. Delta Air Lines and American Airlines also advanced roughly 4% each, while cruise operators rallied on the same lower-energy-cost theme.
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