U.S. Stock Market Pre-Market News Flash
1. Driven by favorable sentiment from the U.S.-Iran agreement, the three major U.S. stock index futures rose slightly, with Dow futures up 0.42%, S&P 500 futures up 0.47%, and Nasdaq futures up 0.26%.
2. European stock markets rose across the board, propelled by strong quarterly earnings from companies and active performance in the tech sector, with the pan-European Stoxx 600 index hitting a record high. The German DAX index rose 0.26%, the UK FTSE 100 index rose 0.57%, the French CAC40 index rose 0.09%, and the Euro Stoxx 50 index rose 0.18%.
3. WTI crude oil rose 0.74%, reported at $76.34 per barrel. Brent crude oil rose 1.36%, reported at $80.44 per barrel.
4. In an interview on the 4th, Trump stated that the Strait of Hormuz would "soon" be opened, or else Iran would face "severe strikes."
5. The Houthi forces in Yemen issued a statement today claiming that they used multiple ballistic missiles to attack a Saudi oil tanker located in the Red Sea.
6. Bank of America expects the yen to strengthen after intervention, lowering its year-end forecast for USD/JPY from 152 to 149, with the current exchange rate at 157.7.
7. In pre-market trading for U.S. stocks, the performance of the seven tech giants was mixed. Nvidia, Amazon, Alphabet, Meta, and Microsoft rose slightly, while Tesla and Apple declined. As of the time of publication, the specific performances were as follows: Nvidia: up approximately 1.46%, at $215.04; Amazon: up approximately 1.41%, at $281.32; Alphabet: up approximately 1.29%, at $382.51; Meta: up about 1.8%; Microsoft: up approximately 0.74%, at $496.45; Apple: down approximately 0.43%, at $308.05; Tesla: down approximately 1.03%, at $323.97.
8. Eli Lilly's stock rose 7.4% in pre-market trading after the company raised its full-year revenue forecast.
9. SpaceX's stock fell over 12% in pre-market trading, currently reported at $110.253.
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