[Svmuu News] Ahead of the U.S. stock market open, investors should pay close attention to the following key market and financial news:
1. Futures for the three major U.S. stock indices are all trading lower. Dow Jones futures are down 0.69%, S&P 500 futures are down 0.93%, and Nasdaq-100 futures are down 1.90%.
2. International oil prices are rising across the board. WTI crude oil futures rose 2.61% to $80.323 per barrel; Brent crude oil futures rose 2.37% to $86.230 per barrel.
3. International spot gold and silver prices were mixed. Spot gold rose 0.15% to $3,982.24 per ounce; spot silver fell 0.38% to $55.28 per ounce.
4. Europe’s three major stock indices all declined. The UK’s FTSE 100 Index fell 0.02%, France’s CAC 40 Index fell 0.78%, and Germany’s DAX 30 Index fell 0.51%.
5. SK Hynix edged up 0.1% in premarket trading after earlier falling as much as 4%; SanDisk fell 2.3% after earlier dropping as much as 7%; Micron’s losses narrowed to 2.9%.
6. Micron announced that it has signed long-term supply agreements (LTAs) with several automotive industry players, including Qualcomm, Harman, Astemo, and Hyundai Mobis, to provide memory chips and storage solutions for AI-powered vehicles.
7. SpaceX canceled the 13th test flight of the Starship rocket after some of its engines failed to ignite.Musk said the next launch attempt is expected to take place within a few days. SpaceX shares fell more than 4% in premarket trading.
8. Microsoft is developing an AI vulnerability detection tool called Project Perception, scheduled for release in July.The tool will compete with Anthropic’s Mythos model and is expected to be more cost-effective than Mythos.
9. Meta plans to hire a top executive from Amazon’s cloud services (AWS) to accelerate its expansion into data centers and cloud computing.