NextFin News -
Pre-Market Performance
U.S. equity index futures are modestly firmer ahead of the open, with the technology-heavy Nasdaq 100 leading early gains. Nasdaq 100 futures are up 75.3 points, or 0.24%, at 30,939.5; S&P 500 futures are up 4.8 points, or 0.06%, at 7,631.3; and Dow Jones futures are up 44 points, or 0.08%, at 52,173.
European markets are also trading higher. The FTSE 100 is up 63.33 points, or 0.61%, at 10,493.95; France’s CAC 40 is up 59.27 points, or 0.71%, at 8,443.28; and Germany’s DAX is up 105.15 points, or 0.42%, at 24,999.16.
In commodities and currencies, crude oil remains under pressure as geopolitical risk premium continues to unwind. Brent crude is down $2.02, or 2.4%, at $81.15 a barrel, while WTI crude is down $2.22, or 2.8%, at $78.53 a barrel, after both benchmarks touched fresh multi-month lows. Gold is steady near $4,318.94 per ounce, up 0.08%, while the U.S. Dollar Index is little changed near 99.18.
Hot News
- Oil extends losses on U.S.-Iran deal hopes. Crude prices fell more than 2% as traders assessed the prospect of restored supply flows through the Strait of Hormuz; the pullback is easing inflation-sensitive pressure on equities, though investors remain alert to implementation details around the preliminary agreement.
- European risk appetite improves. Major European benchmarks are broadly higher, reflecting a firmer global equity backdrop as lower oil prices and ongoing corporate deal activity support sentiment.
U.S. Stock Focus
- SpaceX: SpaceX remains in focus after underwriters exercised the IPO greenshoe option, lifting total proceeds to $85.7 billion. Shares rose strongly again on Monday after a 19% Nasdaq debut, keeping post-listing volatility elevated as options begin trading.
- Nvidia: Nvidia is seeking to raise $20 billion in its first corporate bond issuance in five years, with proceeds tied to the company’s AI-chip production and capital needs. Reports indicated the offering attracted roughly $85 billion in investor orders, highlighting strong demand for AI-linked credit exposure.
- Fox and Roku: Fox agreed to acquire Roku in a cash-and-stock transaction valued at about $22 billion, including debt, with the deal pricing Roku at $160 per share. The transaction would combine Fox’s live sports, news and Tubi assets with Roku’s connected-TV platform.
- Salesforce: Salesforce signed a definitive agreement to acquire Fin, formerly Intercom, for approximately $3.6 billion. The deal strengthens Salesforce’s Agentforce push by adding an established AI customer-agent platform with more than 30,000 customers.
- Intellia Therapeutics: Intellia shares surged 21.5% in after-hours trading to $14.71 following investor reaction to detailed Phase 3 HAELO trial results for lonvo-z, its CRISPR-based one-time treatment for hereditary angioedema. The results were presented at the European Academy of Allergy & Clinical Immunology Annual Congress and published in the New England Journal of Medicine.
- Dave & Buster’s Entertainment: Dave & Buster’s reported quarterly earnings of $0.22 per share, below the $0.37 consensus estimate, while revenue also missed expectations. The stock was among notable after-hours losers, down about 12% to $10.87.
- Canopy Growth: Canopy Growth reported a quarterly loss of $0.17 per share versus expectations for a $0.06 loss. The company highlighted Q4 FY2026 growth of 27% in Canada medical revenue and 68% in international cannabis revenue, but the wider-than-expected loss kept the stock under pressure.
- Powerfleet: Powerfleet presented fiscal fourth-quarter results showing 44% adjusted EBITDA growth and a continued shift toward recurring services revenue. Despite operational improvement, shares traded lower after the earnings release as investors focused on a modest EPS miss.
Explore more exclusive insights at nextfin.ai.
