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Pre-Market Performance
U.S. equity futures are modestly higher ahead of the open, with technology futures leading the advance. Nasdaq 100 futures are up 115.8 points, or 0.38%, to 30,682.0; S&P 500 futures are up 16.5 points, or 0.21%, to 7,763.3; and Dow futures are up 132 points, or 0.25%, to 51,969.
European markets are firmer in early trading as investors balance higher energy prices against a pause in the latest Treasury-yield surge. The FTSE 100 is up 0.3% at 10,721.04, France's CAC 40 is up 0.1% at 8,086.40, and Germany's DAX is up 0.3% at 25,460.81. AP
Commodities remain a central driver of sentiment. Brent crude is up $0.63, or 0.6%, to $105.91 a barrel, while WTI crude is up $0.72, or 0.8%, to $93.32, with traders focused on Middle East supply risks. Spot gold is near $4,123.29 an ounce after Monday's drop to a seven-week low, while U.S. gold futures are down 0.3% to $4,155.50. The U.S. Dollar Index is around 101.2, close to a two-month high. Business Recorder Economic Times
Hot News
- Oil stays elevated on Middle East risk premium. Brent and WTI are rising for a second session as lingering uncertainty around U.S.-Iran negotiations and the Strait of Hormuz keeps supply-risk pricing in the market. Higher crude prices remain a key cross-asset concern because they reinforce inflation pressure and complicate the rate outlook. Business Recorder
- Treasury yields hover near multi-year highs. The 10-year U.S. Treasury yield is near 5.24% after touching 5.27% Monday, its highest area since 2007. The move continues to pressure duration-sensitive equities even as futures point to a modest rebound this morning. AP
- Gold stabilizes after a steep selloff. Spot gold is hovering near $4,123 an ounce after tumbling to its lowest level since early August, with higher yields, a firmer dollar and oil-driven inflation concerns reducing demand for non-yielding assets. Economic Times
- Europe advances despite global caution. Major European indexes opened higher, supported by steadier global futures and a pause in the sharpest Treasury-yield moves. Sentiment remains cautious following Monday's U.S. equity decline, when the S&P 500 fell 0.8%, the Dow lost 0.7% and the Nasdaq Composite dropped 0.9%. AP
U.S. Stock Focus
- Nvidia: $150 billion buyback authorization supports sentiment. Nvidia's board authorized an additional $150 billion under its existing share repurchase program, lifting the total remaining authorization to $235 billion. The move helped the stock stand out in an otherwise weaker prior session and reinforces the company's capacity to return capital amid strong AI-related cash generation. Nvidia
- AMD: $8.2 billion all-stock deal targets physical AI. Advanced Micro Devices agreed to acquire World Labs, an AI model and research lab led by Dr. Fei-Fei Li, in an all-stock transaction valued at approximately $8.2 billion. AMD said the transaction is expected to close by the end of 2026, subject to regulatory approvals and customary conditions. AMD
- Meta Platforms: enterprise AI platform launched. Meta announced the Meta Enterprise Platform, aimed at bringing products including Muse, Meta Business Agent, Muse API and Muse Code to businesses and developers. Chirantan "CJ" Desai, formerly MongoDB's chief executive, will join Meta as Chief Enterprise Platform Officer and report directly to Mark Zuckerberg. Meta
- MongoDB: CEO transition ahead of investor day. MongoDB said Chirantan "CJ" Desai stepped down as president and chief executive officer, with Dev Ittycheria appointed interim president and CEO. The company reaffirmed its previously issued Q3 and full-year fiscal 2027 guidance, while its investor day is scheduled for 11:00 a.m. ET today. MongoDB
- Tesla: JPMorgan cuts target and delivery estimate. Tesla remains in focus after JPMorgan lowered its price target to $415 from $445 and reduced its Q3 delivery estimate to 482,000 vehicles from 516,000, citing weaker expected deliveries in China and the United States. Tesla is expected to release third-quarter production and delivery figures later this week. Yahoo Finance
- Fair Isaac: shares pressured by FHFA credit-score changes. Fair Isaac fell in after-hours trading after the Federal Housing Finance Agency announced a unified loan-level pricing framework that places VantageScore on equal structural footing with FICO Classic in conventional mortgage underwriting. The move adds regulatory and competitive pressure to FICO's mortgage-credit-scoring business. Investing.com
- Summit Therapeutics: AstraZeneca commits $2 billion. AstraZeneca announced a strategic equity investment and clinical collaboration with Summit Therapeutics to advance cancer combination strategies involving ivonescimab. Summit is set to receive a $2 billion equity investment in convertible preferred shares, a significant validation point for its oncology pipeline. AstraZeneca
- CarMax: Q2 results due before the open. CarMax is scheduled to report fiscal second-quarter results before today's market open and host an investor call at 8:00 a.m. ET. Investors will focus on used-vehicle unit sales, gross profit per unit, credit trends at CarMax Auto Finance and management's view of consumer affordability. CarMax
- Uranium Energy: fiscal 2026 results scheduled today. Uranium Energy is set to issue fiscal 2026 year-end operating and financial results before the open, followed by an 11:00 a.m. ET conference call. The report will be watched for progress on the company's production ramp-up and its unhedged exposure to uranium spot-market pricing. Uranium Energy
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