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Pre-Market Performance
- U.S. index futures: Nasdaq 100 futures traded at 30,929.8, up 169.3 points or 0.55%. S&P 500 futures rose to 7,756.5, up 32.5 points or 0.42%. Dow Jones futures advanced to 51,480, up 239 points or 0.47%.
- Europe: Major European benchmarks rebounded in morning trade. The FTSE 100 was at 10,493.70, up 65.47 points or 0.63%; France's CAC 40 rose to 7,911.94, up 76.63 points or 0.98%; Germany's DAX climbed to 25,203.90, up 264.53 points or 1.06%.
- Commodities: Brent crude traded near $99.83, down $2.48 or 2.42%, while WTI crude fell to $89.20, down $3.67 or 3.95%. Gold futures rose to $4,214.76, up $12.46 or 0.30%.
- Forex: The U.S. Dollar Index eased to 101.823, down 0.060 or 0.06%. EUR/USD traded around 1.1233, down 0.09%, while USD/JPY was near 157.74, down 0.22%.
Hot News
- U.S. futures rise as yields and oil ease: U.S. equity futures moved higher as Treasury yields pulled back and energy prices fell, improving near-term risk appetite. Chip and megacap technology names were indicated firmer in pre-market trading, helping Nasdaq futures lead the advance.
- Oil drops on potential fuel and crude reserve releases: Crude prices fell about 3% after reports that European countries discussed additional diesel and crude stock releases to ease market tightness. Brent slipped below the psychologically important $100 level, reducing one of the week's key inflation pressures.
- European shares rebound after bond-led selloff: European equities recovered following Thursday's sharp decline, with technology shares helping lead the bounce. The recovery followed a session in which global government bond yields hit multi-year highs and weighed heavily on risk assets.
- Gold steadies but remains under weekly pressure: Gold held near the $4,180–$4,220 area as a firmer dollar and elevated Treasury yields limited demand for non-yielding assets. The metal remained on track for a second straight weekly decline, even as futures edged higher ahead of the U.S. open.
- U.S. expands Iran-related sanctions: The U.S. Treasury targeted Iran's automotive, rail, manufacturing and steel networks under Operation Economic Outcast. The measures add to geopolitical risk around energy logistics and shipping-sensitive assets, even as crude prices eased in early trading.
U.S. Stock Focus
- Nike: Fiscal Q1 results and cautious outlook weigh on shares. Nike reported fiscal first-quarter revenue of $11.2 billion, down 4% year over year, with diluted EPS of $0.48. The company said fiscal 2027 revenue is expected to decline in the high-single-digit range and announced the "Pace" transformation program, targeting about $2.5 billion in cumulative savings through fiscal 2031; shares were indicated down nearly 10% pre-market.
- Synaptics: Revised onsemi deal lifts the stock. Synaptics and onsemi amended their merger agreement, with onsemi now set to acquire Synaptics for $123 per share in cash, valuing the transaction at about $5.7 billion. Synaptics shares jumped about 14%–15% in pre-market trading as the all-cash structure narrowed deal uncertainty for shareholders.
- ON Semiconductor: Shares rise after lower-value cash structure for Synaptics. onsemi said the revised Synaptics acquisition terms are expected to be immediately accretive to non-GAAP EPS. The new consideration is below the roughly $7 billion value of the prior agreement, and onsemi shares rose in after-hours and pre-market trading as investors viewed the renegotiation as financially more attractive.
- Moderna: Nasdaq-100 inclusion announced. Nasdaq said Moderna will join the Nasdaq-100 Index before the market opens on October 9, replacing Warner Bros. Discovery. The stock rose about 2% in early pre-market trading, supported by expected index-related demand.
- Twilio: Set to join the S&P 500. S&P Dow Jones Indices said Twilio will replace Warner Bros. Discovery in the S&P 500 before the open on October 6. The move shifts Twilio from the S&P MidCap 400 into the large-cap benchmark, creating a near-term index-flow catalyst.
- Warner Bros. Discovery: Index removals put shares in focus. Warner Bros. Discovery is set to leave the S&P 500 on October 6 and will also be replaced by Moderna in the Nasdaq-100 on October 9. The changes come as Paramount Skydance's acquisition of Warner Bros. Discovery is expected to close soon, pending final conditions.
- Meta Platforms: New Mexico seeks up to $40 billion in penalties. New Mexico asked a judge to order Meta to pay between $35 billion and $40 billion after a jury found the company misled consumers about Facebook data privacy. The case stems from the Cambridge Analytica scandal, and the judge will determine the final penalty amount.
- Fair Isaac: Mortgage credit-score rule risk pressures shares. Fair Isaac was indicated down about 6.9% in pre-market trading after reports that the FHFA is considering a two-bureau mortgage credit-data framework for loans sold to Fannie Mae and Freddie Mac. The move follows earlier pressure on FICO tied to the expanded acceptance of VantageScore in conforming mortgage underwriting.
- Equifax: Credit-bureau exposure draws selling. Equifax shares were indicated down about 3.4% pre-market as investors assessed the potential revenue impact of lenders using two credit bureaus instead of three. TransUnion was also weaker, with the proposed framework seen as a direct challenge to mortgage-pull volumes.
- Tesla: Q3 deliveries due today. Tesla is in focus ahead of its third-quarter vehicle delivery and production update, expected during today's session. Pre-market reports indicated Tesla shares were up nearly 1%, with investors watching whether delivery momentum improved after a volatile stretch for the stock.
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