Svmuu News: Ahead of the U.S. stock market open, investors should pay close attention to the following key market and financial news:
1. U.S. major stock index futures are trading slightly higher. Dow Jones futures are up 0.26%, S&P 500 futures are up 0.45%, and Nasdaq-100 futures are up 0.92%.
2. International oil prices have risen slightly.WTI crude oil futures rose 0.08% to $81.843 per barrel; Brent crude oil futures rose 0.28% to $88.345 per barrel. In related news, the Houthi rebels announced a “maritime navigation ban” against Saudi Arabia.
3. International spot gold and silver prices were mixed. Spot gold prices fell 0.12% to $4,011.46 per ounce; spot silver prices rose 1.75% to $56.86 per ounce.
4. Europe’s three major stock indices showed mixed performance. The UK’s FTSE 100 Index fell 0.29%, France’s CAC 40 Index rose 0.29%, and Germany’s DAX 30 Index rose 0.24%.
5. SpaceX plans to order approximately 13,000 racks of NVIDIA GB300 AI servers from Foxconn, in a deal potentially worth $52 billion. Foxconn is expected to begin shipping in Q4 of this year.
6. JPMorgan Chase. stated that it is “too early” to reflect the inflection point in semiconductor prices in the market at this time and expects earnings growth to drive a rebound in the U.S. chip sector.
7. Semiconductor research firm SemiAnalysis stated that, based on an analysis of GitHub code released by AMD executives, Anthropic may become one of its AI GPU customers, with signs of collaboration between the two companies appearing in the publicly available code.
8. The U.S. optical communications and storage sectors rose in premarket trading. Lumentum rose more than 3%, while Coherent and Corning rose more than 2%; SK Hynix, Micron, and SanDisk rose more than 4%.