US-Iran talks uncertainty impacts US stocks; tech companies see mixed pre-market movements.

Market Overview

On Monday morning, uncertainty looms over the second round of US-Iran negotiations, leading to a collective decline in US stock index futures. As of the latest update, Dow futures are down 0.48%, Nasdaq futures are down 0.4%, and S&P futures are down 0.44%.

Major Tech Stocks

Most major tech stocks are experiencing pre-market declines, with Intel (INTC), Oracle (ORCL), Nvidia (NVDA), and Amazon (AMZN) each dropping around 1%.

Chinese Stocks

Chinese stocks are mixed in pre-market trading. Pony.ai (PONY) is down over 2%, while Pinduoduo (PDD), Xpeng (XPEV), and NIO (NIO) are down more than 1%. Li Auto (LI) is up over 1%.

Cryptocurrency Market

Bitcoin (BTC) briefly fell below $74,000 but has since recovered to above $75,000. Pre-market trading for cryptocurrency-related stocks is generally down, with Bitmine Immersion Technologies (BMNR) dropping nearly 4%, and other stocks like MicroStrategy (MSTR), Robinhood (HOOD), Coinbase (COIN), and Circle (CRCL) down over 2%.

Oil Prices

International oil prices have rebounded, with Brent crude futures rising over 5% and WTI crude futures increasing nearly 6%. US oil stocks like Equinor (EQNR) are up over 3%, while ExxonMobil (XOM) and BP (BP) are up over 1%.

Notable Company Updates

• AST SpaceMobile (ASTS): Shares plummeted 15% after a failed satellite launch.

• Marvell Technology (MRVL): Shares rose over 6% as Google seeks collaboration on AI inference chips.

• Intel (INTC): Anticipated to attract major clients with its upcoming 14A process technology.

• USA Rare Earth (USAR): Initially down 4.5%, now up over 7% after announcing a $2.8 billion acquisition of Serra Verde.

Upcoming Events

The US Senate Banking Committee will hold a hearing on Kevin Warsh's nomination for Federal Reserve Chair on Tuesday evening, which could significantly impact market sentiment.

Conclusion

Despite geopolitical tensions, analysts remain optimistic about the US stock market's resilience, with expectations of a bullish trend continuing into the earnings season.