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12/17 07:34
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On Tuesday morning, ahead of the release of the US November employment data, the three major futures indices showed slight declines. The Dow futures fell by 0.09%, Nasdaq futures dropped by 0.25%, and S&P 500 futures decreased by 0.15%.
Star tech stocks experienced minor fluctuations, with Tesla (TSLA), Micron Technology (MU), and AMD all down nearly 1%. Most popular Chinese stocks also saw declines, including Alibaba (BABA), JD.com (JD), NIO, and Hesai (HSAI), each dropping over 1%.
In contrast, cryptocurrency-related stocks rebounded, with Circle (CRCL) up over 3%, Bitmine Immersion Technologies (BMNR) rising more than 2%, and MicroStrategy (MSTR) gaining nearly 2%. Coinbase (COIN) and Marathon Holdings (MARA) also saw increases of over 1%.
The Nasdaq has applied to the SEC for an additional trading session from 9 PM to 4 AM ET, potentially leading to a "23/5" trading model. Currently, Nasdaq offers three trading sessions: pre-market, regular, and after-hours. This new session would allow for system maintenance and other transactions before the night trading period.
Tesla (TSLA) saw a slight pre-market decline as it officially launched its fully autonomous Robotaxi testing in Austin, marking a significant step in its autonomous driving commercialization. Morgan Stanley believes this development will be a key catalyst for validating Tesla's Robotaxi strategy, projecting a fleet expansion to 1,000 vehicles by 2026 and 1 million by 2035.
AMD's CEO, Lisa Su, visited Lenovo's global headquarters in Beijing, where she explored several of Lenovo's latest products and technologies, including humanoid robots.
Medline, a major US medical supplies manufacturer, is set to price its IPO on Tuesday evening, potentially raising $5.37 billion, which could surpass CATL's record IPO from earlier this year. Medline plans to issue 179 million shares at a price range of $26 to $30.
Pfizer (PFE) saw a slight increase, projecting 2025 revenues of approximately $62 billion. Xpeng Motors (XPEV) rose over 1% after receiving an L3 autonomous driving road test license in Guangzhou.
Baidu's Kunlun Chip is nearing completion of its restructuring to accelerate its IPO plans, with expected revenues significantly increasing in the coming years.
Oracle (ORCL) dropped slightly in pre-market trading, having lost 46% from its historical high in September. Analysts predict continued pressure on Oracle's bonds as the company faces challenges in its cloud business.
Amazon (AMZN) plans to lay off 370 employees in Luxembourg, marking the largest job cuts in the country in over two decades. This follows a global decision to reduce its workforce by 14,000.
Ford (F) announced a shift in its electric vehicle strategy, leading to the cancellation of several models, including the electric F-150 Lightning.
Reports suggest the EU may abandon its 2035 ban on gasoline cars, adjusting its emissions target to a 90% reduction instead.
Tonight at 9:30 PM ET, the US will release its November employment report, which is expected to show a modest increase of 50,000 jobs and an unemployment rate of 4.5%. Morgan Stanley suggests that a "moderately weak" jobs report could increase the likelihood of interest rate cuts.
