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Pre-Market Performance
U.S. equity-index futures point to a risk-off open led by technology weakness. Nasdaq 100 futures are down 765.00 points, or 2.59%, to 28,797.00; S&P 500 futures are down 87.25 points, or 1.13%, to 7,667.00; Dow Jones futures are flat at 52,512.00, unchanged on the session.
European markets are mixed. The FTSE 100 is up 17.51 points, or 0.16%, to 10,739.58, with an intraday range of 10,715.93–10,778.72. France's CAC 40 is nearly unchanged, up 0.43 points, or 0.01%, to 7,970.43. Germany's DAX is the regional laggard, down 197.52 points, or 0.76%, to 25,842.16, after touching a low of 25,828.83.
Commodities are reinforcing the inflation-risk backdrop. Brent crude is up $2.74, or 2.4%, to $117.62 a barrel, while WTI is up $2.18, or 2.1%, to $104.18, as supply-risk premiums build around the Strait of Hormuz. Gold is weaker, with spot gold down about 1.0% to $3,980.40 an ounce and U.S. gold futures down 1.0% to $3,991.10. The U.S. Dollar Index futures trade around 101.70, down roughly 0.19%.
Hot News
- AI spending concerns pressure Nasdaq futures. Technology futures are under heavy pressure after another round of earnings updates raised questions about the scale and payback period of AI infrastructure spending. The selloff is concentrated in growth and semiconductor-linked names, with Nasdaq 100 futures falling more than 2% pre-market. Reuters report
- Oil jumps as Hormuz risk premium returns. Crude prices are higher after reports of an attack on a tanker in the Strait of Hormuz, keeping traders focused on possible disruptions to Gulf crude and fuel flows. Brent is on course for a monthly gain of nearly 14%, while WTI is tracking a roughly 15% monthly advance. Reuters report
- Gold breaks below the $4,000 area. Gold is trading at its lowest level since mid-July as higher oil prices and persistent inflation concerns keep rate-sensitive assets under pressure. Bullion is heading for a second consecutive monthly decline. Reuters report
- European equities show defensive tone. The regional split reflects a cautious global tape: energy-linked inflation risk is rising, while technology weakness is weighing most heavily on growth-sensitive markets.
U.S. Stock Focus
- Amazon — shares fall as AI capex and guidance overshadow AWS acceleration. Amazon reported third-quarter net sales of $201.9 billion, up 12% year over year, while AWS sales rose 39% to about $46.0 billion. The stock is down roughly 7% pre-market as investors focus on free-cash-flow pressure and the company's expectation for about $220 billion of 2026 cash capital expenditures. Amazon release
- Intel — stock plunges after softer fourth-quarter outlook. Intel reported third-quarter revenue of $16.5 billion, up 21% year over year, and non-GAAP EPS of $0.52. Shares are down about 25% pre-market after the company guided fourth-quarter revenue to $15.0 billion–$16.0 billion and non-GAAP EPS to $0.25, signaling pressure from PC weakness, manufacturing constraints and heavy investment needs. Intel release
- Reddit — strong Q3 growth fails to prevent sharp stock reaction. Reddit reported revenue of $895 million, up 53% year over year, with net income of $283 million and diluted EPS of $1.40. Despite the headline growth, the stock is indicated sharply lower pre-market after management's forward commentary put attention on user-growth and engagement expectations. Reddit release
- Rivian — shares rise after revenue beat and higher delivery guidance. Rivian reported third-quarter revenue of $2.155 billion, up 38% year over year, with 19,248 vehicle deliveries and consolidated gross profit of $176 million. The company raised full-year delivery guidance to 67,000–70,000 vehicles from 65,000–70,000, helping the stock trade higher pre-market. Rivian filing summary
- Twilio — stock tumbles despite Q3 beat. Twilio reported third-quarter revenue of $1.56 billion, up 20% year over year, and adjusted EPS of $1.65, ahead of consensus estimates. Shares are down sharply pre-market after fourth-quarter organic revenue-growth guidance of 11%–12% signaled a slowdown from Q3's 16% pace. Twilio release
- Coinbase — earnings beat, but trading softness weighs. Coinbase reported Q3 revenue of about $1.2 billion and EPS of $2.51, while subscription and services revenue represented 49% of net revenue. The stock traded lower after hours as investors focused on flat revenue momentum and softer crypto spot-trading conditions despite continued expense discipline. Coinbase presentation
- Strategy — record profit tied to bitcoin fair-value gain. Strategy reported third-quarter net income of $19.53 billion and diluted EPS of $44.75, supported by a $20.91 billion gain on digital assets. Revenue was $125.4 million, down 3% year over year, leaving the stock sensitive to bitcoin price moves and investor appetite for digital-asset treasury exposure. Strategy filing summary
- Roblox — bookings and user metrics trigger selloff. Roblox reported Q3 revenue of $1.572 billion, up 16% year over year, but bookings fell 12% to $1.697 billion. Daily active users declined 9% to 138 million and hours engaged fell 15% to 29 billion, pressuring the stock after the report. Roblox earnings summary
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