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Pre-Market Performance
U.S. equity futures were mixed, with technology leading while blue chips lagged. Nasdaq 100 futures rose 154.5 points, or 0.52%, to 29,679.3; S&P 500 futures added 7.0 points, or 0.09%, to 7,761.8; and Dow Jones futures slipped 35.0 points, or 0.07%, to 53,710.0.
European markets were narrowly mixed. The FTSE 100 was nearly flat at 10,832.19, up 0.67 point, or 0.01%; France's CAC 40 eased 7.72 points, or 0.09%, to 8,278.68; and Germany's DAX advanced 102.07 points, or 0.39%, to 26,105.39.
Commodities reflected a split between near-term profit-taking and elevated geopolitical risk. Brent crude traded around $95.05 a barrel, down 47 cents, or 0.49%, while WTI crude was near $90.66, down 64 cents, or 0.70%, though both benchmarks remained on track for strong weekly gains amid Middle East supply concerns. Gold futures held near $4,531.40 an ounce, down $8.50, or 0.19%; the U.S. Dollar Index was around 99.0–99.4, with major currency pairs trading in tight ranges.
Hot News
- Futures hold mixed tone ahead of key labor-market reading: U.S. futures showed a defensive but constructive setup, with Nasdaq futures outperforming as investors kept risk appetite concentrated in technology. The market is entering the session after a strong Thursday rally, while traders remain sensitive to any data that could move Treasury yields and rate expectations.
- Oil remains elevated as U.S.-Iran tensions keep supply risk in focus: Crude prices eased slightly in early trading, but Brent and WTI remained on pace for notable weekly gains. Renewed hostilities in the Middle East, uncertainty around the Strait of Hormuz and record-high U.S. diesel prices kept energy risk firmly in the market's inflation narrative.
- Gold holds near $4,500 as dollar and yield pressure moderates: Gold stayed close to recent highs after a sharp prior-session advance, helped by softer dollar conditions and a pullback in long-end yield pressure. The metal's resilience highlights ongoing demand for hedges as markets balance growth, inflation and geopolitical risks.
- Global risk appetite improves, but volatility risk remains: World shares edged higher as bond markets stabilized, but investors remained selective. Technology and AI-linked names continued to draw flows, while energy-sensitive and consumer-discretionary areas faced more uneven sentiment.
U.S. Stock Focus
- Lululemon Athletica — Shares slump after guidance cut: Lululemon traded sharply lower pre-market, with shares indicated around $96.70, down about 20.6%. The company reported second-quarter revenue down 4% to $2.4 billion, comparable sales down 9%, and cut fiscal 2026 revenue guidance to $10.35 billion–$10.50 billion with EPS expected at $9.48–$9.73.
- Adobe — CEO transition weighs on shares: Adobe fell about 3.2% pre-market to roughly $276.50 after naming Anil Chakravarthy as president and CEO effective December 1, 2026. Longtime CEO Shantanu Narayen will become executive chair, while the departure of senior executive David Wadhwani added to investor scrutiny ahead of Adobe's next earnings release.
- Docusign — Raises outlook as AI agreement platform gains traction: Docusign reported second-quarter fiscal 2027 revenue of $875.7 million, up 9% year over year, and non-GAAP diluted EPS of $1.16. Management raised fiscal-year guidance for revenue, ARR and Intelligent Agreement Management's share of ARR, with IAM reaching 15.1% of total ARR at quarter-end.
- Zscaler — Strong quarter, but outlook pace draws attention: Zscaler posted fiscal fourth-quarter revenue of $898.2 million, up 25% year over year, and ARR of $3.771 billion, also up 25%. The company guided fiscal 2027 revenue to $3.908 billion–$3.938 billion, implying growth of roughly 16.6%–17.5%, making forward growth the key focus for the stock.
- Samsara — Shares jump after ARR crosses $2.1 billion: Samsara rose about 13%–15% pre-market after reporting second-quarter revenue of $508.4 million, up 30% year over year. Ending ARR reached $2.125 billion, and the company said customers with more than $1 million in ARR generated over $500 million of ARR.
- Asana — Stock drops despite Q2 beat: Asana fell about 10.9% in pre-market trading after third-quarter guidance came in softer than some expectations. The company reported second-quarter fiscal 2027 revenue of $216.4 million, up 10% year over year, and adjusted EPS of $0.10, but guided third-quarter adjusted EPS to $0.08.
- UiPath — Results beat, but AI-growth expectations stay high: UiPath reported second-quarter fiscal 2027 revenue of $410 million, up 13%, and ARR of $1.938 billion, up 12%. The company delivered GAAP operating income of $32 million and non-GAAP operating income of $89 million, while also announcing leadership changes including Hitesh Ramani becoming CFO.
- Broadcom — AI revenue accelerates after record quarter: Broadcom traded higher pre-market, around $361.27, up 1.15%, after reporting third-quarter revenue of $29.6 billion, up 86% year over year. AI semiconductor revenue rose 221% to $16.7 billion, and management guided fourth-quarter revenue to about $34.8 billion.
- Tesla — Cybercab launch turns into sell-the-news test: Tesla was indicated lower pre-market, around $366.60, down 2.59%, after a strong Thursday rally tied to the Cybercab event in Austin. The company opened driverless Cybercab rides in Austin, but investors appeared to reassess timing, scale and commercialization details after the launch.
- Nvidia — Hugging Face deal reinforces AI platform strategy: Nvidia traded higher pre-market, around $231.11, up 1.16%, after announcing a deal to acquire Hugging Face for about $12.93 billion. The acquisition gives Nvidia deeper exposure to the open-model developer ecosystem, including a platform used by more than 18 million developers, researchers and creators.
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