Everything About AI
NextFin News -
1) Pre-Market Performance
U.S. equity futures were higher ahead of the open, with cyclicals and blue chips leading the rebound while Nasdaq futures lagged amid renewed pressure on Nvidia. Dow Jones futures rose 454 points, or 0.88%, to 51,839; S&P 500 futures gained 43.5 points, or 0.59%, to 7,445.5; and Nasdaq 100 futures advanced 122.3 points, or 0.45%, to 27,207.5.
European equities also traded firmer. The FTSE 100 rose 73.86 points, or 0.69%, to 10,747.80; France's CAC 40 gained 61.31 points, or 0.75%, to 8,200.31; and Germany's DAX climbed 261.49 points, or 1.01%, to 26,081.85.
In commodities and currencies, crude remained under pressure while precious metals caught a bid. Brent crude traded near $96.89, down about 1%, and WTI crude was near $89.80, also down about 1%. Gold rose to roughly $4,108, up 0.8%, while the U.S. Dollar Index slipped to about 101.83, down 0.5%. The euro strengthened to around $1.1194, while the dollar eased to about 158.09 yen.
2) Hot News
- Global stocks attempt a rebound after last week's AI-driven selloff. U.S. futures and European shares advanced as investors looked for stabilization following heavy technology losses. The rebound remained uneven, with Dow futures outperforming and Nasdaq futures lagging as Nvidia's pre-market decline weighed on sentiment. Read more
- Oil extends decline as geopolitical risk premium eases. Brent crude fell around 1% as traders reassessed Middle East supply risks after comments suggesting fresh U.S. attacks on Iran were unlikely while talks progress. Lower oil prices helped ease inflation concerns and supported broader risk appetite. Read more
- Gold rises above $4,100 as the dollar softens. Gold gained 0.8% in early trading, supported by a weaker U.S. dollar and demand for hedges after last week's sharp equity-market volatility. Silver and copper also traded higher, adding to the firmer tone across metals. Read more
- European markets broaden the global rebound. Major European benchmarks traded higher, led by Germany's DAX, reflecting a broader recovery in global equities even as investors continued to monitor pressure in AI-linked U.S. megacaps.
3) U.S. Stock Focus
- Nvidia — Shares fall on board probe involving CEO Jensen Huang. Nvidia dropped more than 4% in pre-market trading after reports that the board launched an investigation into whether Huang was targeted by a foreign intelligence effort. The company said it had no reason to believe U.S. national security or company secrets were compromised. Read more
- Tesla — Cybertruck deposit refunds come into focus. Tesla CEO Elon Musk said the company will have to refund Cybertruck deposits for many customers because orders exceed what the company can build before the production line winds down. The update follows Tesla's plan to shift capacity at Gigafactory Texas toward Cybercab production around mid-2027. Read more
- NVR — Homebuilder rally extends in pre-market trading. NVR shares surged more than 26% pre-market as homebuilders rallied on expectations that changes in Washington could lower building-material tariff pressure. UBS estimated tariffs add about $7,500 to the cost of a new home and said policy changes could support housing demand. Read more
- Argenx — Deal to acquire Unnatural Products. Argenx shares gained about 2.2% after the immunology company agreed to acquire California-based Unnatural Products in a transaction worth up to about $1.15 billion. The deal includes $550 million in upfront cash, with additional milestone payments tied to development and regulatory progress. Read more
- SAP — ADRs in focus after JPMorgan upgrade. SAP shares rose about 3% after JPMorgan upgraded the stock to Overweight from Neutral. The bank cited enterprise AI moving from experimentation toward scaled deployment, along with the competitive position of incumbent software platforms. Read more
- Constellation Energy — Earnings due before the open. Constellation Energy is scheduled to report results before the opening bell, with consensus EPS around $3.89. Investors will focus on power-demand commentary, nuclear generation economics and data-center-related demand trends. Read more
- KKR — Results set for the pre-market session. KKR is expected to report before the open, with consensus EPS near $1.58. The market will watch fee-related earnings, fundraising trends and realizations amid elevated rates and recent equity-market volatility. Read more
- Barrick Mining — Gold producer reports before the bell. Barrick Mining is scheduled to release earnings before the open, with consensus EPS near $0.79. The report arrives as gold trades above $4,100, putting focus on production costs, gold output and copper volumes. Read more
- Occidental Petroleum — After-close earnings on deck. Occidental Petroleum is expected to report after the close, with consensus EPS around $1.47. Shares may react to production guidance, free-cash-flow commentary and management's view of crude prices after the latest pullback in WTI and Brent. Read more
- Take-Two Interactive — Fiscal Q2 results scheduled after the close. Take-Two is set to report fiscal second-quarter 2027 results after the market closes. Investors will focus on bookings, cost discipline and pipeline commentary as the company heads into a closely watched release cycle. Read more
Explore more exclusive insights at nextfin.ai.
