Pre-market news summary for US stocks

Zhitong
2025.05.08 12:26

① U.S. President Trump announced a trade agreement between the U.S. and the U.K., leading to a rise in stock index futures on Thursday. ② As of the time of writing, Dow futures were up 0.77%, S&P 500 futures were up 0.94%, and Nasdaq futures were up 1.27%. ③ The German DAX index rose 1.16%, the U.K. FTSE 100 index rose 0.28%, the French CAC 40 index rose 1.07%, and the Euro Stoxx 50 index rose 1.28%. ④ WTI crude oil rose 1.77%, priced at $59.10 per barrel. Brent crude oil rose 1.47%, priced at $62.02 per barrel. ⑤ Shares of large technology companies rose for the second consecutive day, following reports on Wednesday that the Trump administration was preparing to lift the AI chip regulations established during the Biden era, which are set to take effect later this month. ⑥ Seema Shah of Signia Capital Management stated that the Federal Reserve is in a nearly intractable situation, where its two missions—maximizing employment and stabilizing prices—may be at odds with each other. ⑦ Cryptocurrency stocks rose in pre-market trading, with ProShares Bitcoin Strategy ETF up 3.5% and iShares Bitcoin Trust up 3.4%. Bitcoin reached its highest point in two and a half months, at $99,598 per coin. ⑧ AppLovin rose about 15%, as the company's first-quarter performance exceeded expectations, and it agreed to sell its gaming division. ⑨ XPeng rose about 2% in pre-market trading, with reports that it is considering listing XPeng Huaitian on the Hong Kong or U.S. stock markets