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12/18 00:12
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On Friday morning before the market opened, the three major U.S. stock indices showed mixed results. Dow futures rose by 0.56%, while Nasdaq 100 futures fell by 0.1%, and S&P 500 futures increased by 0.11%.
Star tech stocks exhibited a mixed performance:
Several popular Chinese stocks saw gains:
Intel continued to rise by 2% in pre-market trading, following reports that the Trump administration is negotiating a potential investment in the struggling chip manufacturer. This deal aims to support Intel's domestic manufacturing expansion, particularly its plans for a major factory in Ohio.
CoreWeave, dubbed "NVIDIA's child," fell over 5% in pre-market trading as 84% of its Class A shares are set to be unlocked.
UnitedHealth and Nucor Steel saw significant pre-market gains of 10% and 6%, respectively, after Berkshire Hathaway disclosed new positions in both companies.
Application Materials dropped 12% in pre-market trading due to lower-than-expected revenue and profit forecasts for Q4, raising concerns about demand.
Conversely, Hesai Technology surged nearly 9% after reporting over 50% year-on-year revenue growth in Q2 and securing a new contract with Toyota for Lidar technology.
The upcoming meeting between U.S. President Trump and Russian President Putin is set for June 15 in Anchorage, Alaska. This will be their first face-to-face meeting since June 2021, with discussions expected to focus on the Ukraine crisis and U.S.-Russia relations.
Potential candidates to replace Federal Reserve Chair Powell include Jefferies' strategist Zevros, who supports significant interest rate cuts.
Major hedge funds have increased their investments in large tech companies, reflecting a shift from sectors like aerospace and defense. This comes amid concerns over inflation and the potential for an AI bubble.
Oaktree Capital's co-founder, Marks, noted that while the "Big Seven" tech stocks have driven significant gains in the S&P 500, they are not overvalued compared to other companies in the index, which he believes are overpriced.
