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12/17 05:37
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On Wednesday morning, US stock futures showed slight gains with the Dow Jones futures up 0.04%, Nasdaq futures up 0.07%, and S&P 500 futures up 0.05%.
Prominent tech stocks experienced minor fluctuations before the market opened. Nvidia rose nearly 1%, while AMD and Tesla saw slight increases. Conversely, ASML dropped nearly 1%, and Google-C saw a slight decline.
Most popular Chinese stocks fell before the market opened, with Li Auto down over 4%, Baidu down nearly 3%, and Xpeng, NIO, and JD.com all dropping over 2%. Pinduoduo saw a decline of nearly 1%.
Space-related stocks generally rose, with EchoStar Communications up over 8%, Destiny Tech100 up over 8%, Rocket Lab up over 2%, and AST SpaceMobile up over 1%.
Cryptocurrency-related stocks showed mixed results, with Bitmine Immersion Technologies down nearly 4% and DJT down over 2%, while SoFi Technologies and IREN Ltd rose nearly 1%.
MongoDB's stock surged over 29% after reporting Q2 revenue of $591.4 million, a 24% year-over-year increase. The company raised its annual sales guidance to between $23.4 billion and $23.6 billion, up from $22.5 billion to $22.9 billion.
Okta's stock rose nearly 5% after reporting Q2 revenue of $728 million, a 13% increase year-over-year. The company expects Q3 revenue between $728 million and $730 million.
Tuya Smart's stock increased over 6% as it reported a significant net profit increase of approximately 302.4% in Q2, with total revenue of $80.1 million, a 9.3% year-over-year rise.
Kohl's stock rose over 21% after reporting Q2 revenue of $3.35 billion, exceeding expectations. The company adjusted its full-year sales forecast to a decline of 5% to 6%.
PayPal's stock fell nearly 3% after reports that German banks temporarily blocked PayPal payments due to a security system failure.
Heisai Technology is reportedly preparing for an IPO in Hong Kong next month, aiming to raise approximately $300 million.
Apple announced its annual fall event scheduled for September 9, which may impact its stock price in the short term, according to analysts.
OpenAI's restructuring plans may be delayed until next year due to ongoing disputes with major shareholder Microsoft.
Goldman Sachs and Deutsche Bank strategists warn that investors returning from summer break will face lukewarm economic data and concerns over US trade tariffs.
A recent editorial in the Wall Street Journal discusses the implications of President Trump's attempts to control the Federal Reserve, highlighting potential risks to its independence.
As the market opens, investors are closely monitoring earnings reports and economic indicators, with significant movements expected in tech and Chinese stocks.
