US Stock Outlook: Trump Threatens Energy Facilities, Market Awaits Powell's Speech

US Stock Futures Rise Ahead of Monday Trading

As of the latest update, US stock futures for the three major indices are all up, with the Dow futures rising by 0.63%, Nasdaq futures by 0.59%, and S&P futures by 0.62%.

Tech Stocks and Chinese Stocks Performance

Star tech stocks are seeing a pre-market surge, with Meta Platforms (META) and AMD both up over 1%. Most popular Chinese stocks are also rising, with NIO increasing by over 3% and Xpeng Motors (XPEV) up by over 1%.

Cryptocurrency Stocks Strengthen

Cryptocurrency-related stocks are showing strength in pre-market trading, with Bitmine Immersion Technologies (BMNR) up over 4%, CleanSpark (CLSK) up over 3%, and several others including MSTR, CRCL, and Coinbase (COIN) rising by over 2%.

Commodity Prices Rise

Both gold and oil prices are rising, with gold surpassing $4580 and Brent crude oil futures up over 2% to $107.59 per barrel. WTI crude oil futures are also up over 1%, nearing $100 per barrel.

Aluminum Supply Tightens

Aluminum stocks are seeing significant pre-market gains, with Century Aluminum (CENX) up over 11% and Alcoa (AA) up over 9%. This follows reports of attacks on aluminum plants in the Middle East, leading to a tightening supply trend.

Meta and Google Face Lawsuit

Meta Platforms (META) and Google (GOOGL) are embroiled in a landmark lawsuit regarding social media addiction, with a jury ruling that both companies failed to warn users about the dangers of their platforms. They are ordered to pay $6 million in damages.

iQIYI Plans Hong Kong Listing

iQIYI (IQ) is up over 12% in pre-market trading as it submits a confidential listing application for Class A ordinary shares on the Hong Kong Stock Exchange.

Rio Tinto Resumes Operations

Rio Tinto (RIO) is up nearly 4% as it resumes operations at three of its iron ore export terminals in Western Australia after a tropical cyclone.

Micron Technology Bets on GDDR Stacking

Micron Technology (MU) is advancing its GDDR memory technology, aiming to fill the market gap between HBM and standard GDDR, with plans to enter production testing later this year.

Total Profits from Middle Eastern Oil

TotalEnergies (TTE) is up nearly 3% as reports indicate the company has made substantial profits by securing oil shipments from the UAE and Oman.

NIO Expands into Latin America

NIO (NIO) is up 3.39% as it opens its first store in Costa Rica, marking its expansion into the Latin American market.

Uber Acquires Blacklane

Uber (UBER) has announced its acquisition of the German ride service company Blacklane, further expanding its presence in the premium transportation sector.

Market Outlook

Investors are advised to keep an eye on upcoming speeches from Federal Reserve Chairman Jerome Powell and the ongoing geopolitical tensions affecting oil prices and market stability.

Overall, the market is showing positive momentum as various sectors respond to recent developments.