NextFin News - U.S. equity futures are pointing lower, with pressure concentrated in growth shares as higher crude prices and renewed Middle East risk temper risk appetite. Nasdaq 100 futures are down 122.0 points, or 0.41%, to 29,925.3; S&P 500 futures are lower by 18.0 points, or 0.24%, to 7,522.0; and Dow futures are off 93.0 points, or 0.18%, to 50,635.
1) Pre-Market Performance
- Europe: The FTSE 100 is at 10,390.60, down 114.41 points, or 1.09%; France’s CAC 40 is at 8,160.39, down 47.50 points, or 0.58%; Germany’s DAX is at 25,036.30, down 141.50 points, or 0.56%. The region is broadly weaker, mirroring the defensive tone in U.S. futures.
- Commodities: Brent crude futures are trading near $94.65, up $2.40, or 2.60%, while WTI crude futures are at $91.06, up $2.38, or 2.68%. Gold futures are lower at $4,418.42, down $63.08, or 1.41%. Silver futures are down 1.75% to $73.588, while copper is higher by 1.52%.
- Forex: The U.S. Dollar Index is firmer at 99.27, up 0.121, or 0.12%. EUR/USD is at 1.1618, down 0.07%, GBP/USD is at 1.3411, down 0.11%, and USD/JPY is little changed near 159.48.
2) Hot News
- Middle East risk drives oil rebound: U.S. stock futures weakened as renewed U.S.-Iran tensions pushed crude prices higher, reviving concerns that energy volatility could again weigh on margins and consumer sentiment. Brent and WTI are both up more than 2.5%. Read more
- Global risk appetite softens: World shares declined and oil prices rose by more than $2 after new U.S. strikes on Iran, reinforcing market sensitivity to headlines around the Strait of Hormuz and regional supply routes. European equities are lower across major indexes, while U.S. futures are also in the red. Read more
- Enterprise software and AI infrastructure remain the key earnings theme: After-hours results showed a wide spread in market reactions, with investors rewarding companies that can tie AI spending directly to revenue growth while penalizing names where guidance did not clear elevated expectations. The software group is likely to remain active as investors compare Snowflake’s strong AI-linked demand signal with more cautious reactions to other enterprise software reports. Read more
- Defense and government IT spending in focus: The Pentagon announced a five-year, $9.69 billion agreement to consolidate Microsoft and other enterprise software licenses across military services, the intelligence community and the U.S. Coast Guard, keeping attention on large-scale federal tech procurement and recurring enterprise software demand. Read more
3) U.S. Stock Focus
- Snowflake — Shares surge after earnings beat and $6 billion AWS deal: Snowflake jumped as much as 36% in pre-market trading after raising its annual product revenue forecast and announcing a five-year AI infrastructure agreement with Amazon Web Services worth $6 billion, a move that could add more than $20 billion to its market capitalization if sustained. Read more
- Salesforce — Record Q1 results, but guidance weighs on sentiment: Salesforce reported first-quarter fiscal 2027 revenue of $11.1 billion, up 13% year over year, and non-GAAP EPS of $3.88, up 50%. The stock fell after hours as investors focused on second-quarter revenue guidance of $11.27 billion to $11.35 billion; the company also highlighted Agentforce ARR of $1.2 billion and a $25 billion accelerated share repurchase. Read more
- Marvell Technology — AI demand supports record revenue and stronger outlook: Marvell posted fiscal Q1 2027 revenue of $2.418 billion, up 28% year over year, with non-GAAP EPS of $0.80. The company guided fiscal Q2 revenue to $2.7 billion at the midpoint and said AI-related bookings are driving a significantly higher revenue outlook for fiscal 2027 and 2028. Read more
- HP Inc. — Q2 revenue rises 9% as results top expectations: HP reported fiscal Q2 net revenue of $14.4 billion, up 9.0% year over year, with non-GAAP diluted EPS of $0.86. The stock climbed after hours as the company generated $0.9 billion in operating cash flow and $0.8 billion in free cash flow during the quarter. Read more
- Synopsys — Revenue beats, full-year EPS guidance raised: Synopsys reported fiscal Q2 revenue of $2.276 billion, above prior guidance, and non-GAAP EPS of $3.35, raising full-year non-GAAP EPS guidance to a midpoint of $14.76. Shares dipped after hours as investors weighed guidance and integration execution. Read more
- Dollar Tree — Shares jump after Q1 beat and raised profit outlook: Dollar Tree traded at $108.38 in pre-market activity, up 13.04%, after reporting Q1 net sales growth of 7.2% and comparable-store sales growth of 3.5%. Adjusted diluted EPS rose 38.1% to $1.74, and the company lifted its fiscal 2026 adjusted EPS outlook to $6.70 to $7.10. Read more
- Dell Technologies — Pentagon contract lifts after-hours trading: Dell shares rose 3.4% after hours after securing a $9.7 billion Pentagon contract to manage Microsoft software licenses for the U.S. military, a five-year agreement to consolidate licensing across defense and intelligence agencies. Read more
- Microsoft — Defense software agreement reinforces enterprise licensing base: Microsoft is central to the Pentagon’s $9.69 billion enterprise software consolidation, covering licenses across military services, the intelligence community and the Coast Guard, underscoring the strategic role of its productivity and cloud stack in government IT. Read more
- Meta Platforms — Paid subscriptions roll out across core apps: Meta is launching Instagram Plus and Facebook Plus at $3.99 per month and WhatsApp Plus at $2.99 per month, while preparing additional plans tied to creators, businesses and AI products to expand recurring revenue beyond advertising. Read more
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