US Stock Market Preview: Oil Prices Drop, Indices Rise Ahead of Trading

Iranian Military Operations and Market Reactions

Iran's armed forces have announced the end of military operations against Israel, warning of harsher retaliation if Israel resumes attacks on Lebanon.

US Futures Market Performance

As of the latest update, US stock index futures are showing an upward trend:

• Dow Jones Industrial Average futures up 0.21%
• S&P 500 futures up 0.62%
• Nasdaq 100 futures up 1.23%

Pre-Market Movements in Tech Stocks

Most star tech stocks are rising in pre-market trading:

• Micron Technology (MU) up over 6%
• Nvidia (NVDA), AMD, and Broadcom up over 2%

Chinese Stocks and Optical Communication Sector

Popular Chinese stocks are also mostly up in pre-market trading, with TSMC rising over 3% and companies like Li Auto, Xpeng, and NIO up over 2%.

In the optical communication sector, MyWave Technology surged nearly 9%, while POET rose over 5%.

Nurix Therapeutics and Roche Deal

Nurix Therapeutics has seen a pre-market surge of over 49% after Roche agreed to pay up to $2.3 billion for rights to its experimental blood cancer drug, bexobrutideg. The deal includes a $700 million upfront payment and shared development costs.

Nvidia's Collaborations in South Korea

Nvidia is collaborating with LG Group on humanoid robots and next-generation data centers, marking a significant expansion into physical AI applications.

Micron Technology Target Price Increases

Despite a 90% increase in Micron Technology's stock price, Wall Street continues to raise its target price, reflecting ongoing bullish sentiment. Morgan Stanley has raised its target from $520 to $1,050.

Apple’s WWDC 2026 Preview

Apple's WWDC 2026 is set to showcase major updates, including a revamped Siri, as CEO Tim Cook prepares for his departure. The event is crucial for Apple to demonstrate its capabilities in generative AI.

Eli Lilly's Weight Loss Drug

Eli Lilly has announced promising results for its experimental weight loss drug, Foundayo, which shows significant weight loss in women regardless of menopausal status.

SpaceX's Major Contracts

SpaceX has signed significant cloud service agreements with Anthropic and Google, totaling over $700 billion, which will significantly boost its revenue from computing power leasing.

Meta's Potential Stock Financing

Meta is exploring large-scale equity financing to support its AI capital expenditures, following Alphabet's recent record stock financing.

US Treasury Market and Inflation Expectations

The US Treasury market is under pressure as traders anticipate significant inflation data, which may lead to further tightening by the Federal Reserve.

Market Outlook and Analyst Insights

Analysts suggest that recent sell-offs in tech stocks are a healthy adjustment, with expectations for continued corporate earnings growth and a target for the S&P 500 to reach 8,000 by year-end.

Supply Chain Challenges in AI Components

The demand for multi-layer ceramic capacitors (MLCC) is surging due to AI infrastructure needs, leading to significant supply chain challenges.