Express News of U.S. stock market before the market opens

date
08/11/2025
1) US stock index futures fell across the board: Dow Jones futures fell 0.24%, S&P 500 futures fell 0.31%, and Nasdaq futures fell 0.45%. 2) European stock market indices fell in unison: Germany's DAX30 fell 0.92%, France's CAC40 fell 0.52%, Euro Stoxx 50 fell 0.74%, and the UK's FTSE 100 fell 0.71%. 3) Kevin Hassett, Director of the White House National Economic Council, stated that the government shutdown is causing long-term damage and its impact is more serious than expected. He also mentioned that the US GDP growth rate for the fourth quarter will slow down. 4) JPMorgan is bullish on US stocks, claiming that the pullback is a buying opportunity and predicting that the S&P 500 will surpass 7000 points in the short term, citing strong US economy and corporate profits. Citigroup also advises buying on dips, believing that the AI fundamentals narrative remains intact and that the short-term pullback creates significant opportunities, with an estimated fair value of around 6600 points for the S&P 500. 5) Berkshire Hathaway, owned by Warren Buffett, plans to issue its second yen bond this year, sparking speculation in the market that it may be preparing to further increase its holdings in Japanese trading companies. The stock prices of major Japanese trading companies rose in response. 6) There are reports that TSMC will raise prices of advanced process chips by 8-10%, primarily affecting 5-nanometer and below advanced nodes. 7) Tesla rose over 2% in pre-market trading as shareholders approved Elon Musk's trillion-dollar compensation plan. Musk revealed that FSD could potentially receive full approval in early 2026 and that a "gigantic" semiconductor factory could be built. 8) SanDisk rose nearly 8% in pre-market trading as first-quarter operating profit surged 878%, data center business revenue increased by 26%, and the company gave higher-than-expected revenue and EPS guidance for the second quarter. 9) Honda's stock fell nearly 2% in pre-market trading as second-quarter profits fell short of expectations and the company slashed its annual profit guidance, mainly due to US tariffs, electric vehicle costs, and chip shortages.