--- title: "U.S. Stock Market Outlook | Futures for the three major indices rise together, SpaceX continues to rise over 5% in pre-market trading" type: "News" locale: "en" url: "https://longbridge.com/en/news/289916336.md" description: "On June 16th, before the US stock market opened, the three major stock index futures rose together. Influenced by the US-Iran agreement that is expected to lead to the reopening of the Strait of Hormuz, oil prices fell. A Fitch report pointed out that if the strait is fully opened, the global crude oil market may face oversupply pressure, and oil prices could drop to $70 in Q4" datetime: "2026-06-16T12:11:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289916336.md) - [en](https://longbridge.com/en/news/289916336.md) - [zh-HK](https://longbridge.com/zh-HK/news/289916336.md) --- # U.S. Stock Market Outlook | Futures for the three major indices rise together, SpaceX continues to rise over 5% in pre-market trading ## Pre-Market Market Trends 1. As of June 16 (Tuesday), U.S. stock index futures are all up before the market opens. As of the time of writing, Dow futures are up 0.12%, S&P 500 futures are up 0.09%, and Nasdaq futures are up 0.25%. ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260616/1781611079272899.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) 1. As of the time of writing, the German DAX index is up 0.44%, the UK FTSE 100 index is up 0.62%, the French CAC 40 index is up 0.72%, and the Euro Stoxx 50 index is up 0.77%. ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260616/1781611060232909.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) 1. As of the time of writing, WTI crude oil is down 2.95%, priced at $78.37 per barrel. Brent crude oil is down 2.86%, priced at $80.79 per barrel. ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260616/1781611070931814.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## Market News **U.S.-Iran Agreement Promises to Reopen the Strait of Hormuz! Shipping Volume May Recover to Nearly 50% of Pre-War Levels Within a Month.** Before the outbreak of the U.S.-Iran conflict, oil transported through the Strait of Hormuz typically averaged 20 million barrels per day, accounting for about one-fifth of the global daily oil transport total. Shipping industry organizations estimate that after more than three months of conflict, about 500 commercial vessels remain stranded in the Gulf, with current traffic reduced to a trickle. The agreement between the U.S. and Iran is expected to restore navigation in the Strait of Hormuz, a vital global energy transport route. Kpler analysts stated on Monday that if the agreement between the U.S. and Iran can be smoothly implemented without major setbacks, the ship traffic through the Strait of Hormuz is expected to recover to nearly 50% of pre-war levels within a month. Kpler analysts indicated that the number of vessels passing through the Strait of Hormuz is expected to increase to 40 per day, while before the U.S. and Israel attacked Iran on February 28, the average daily ship traffic in the Strait was about 100 vessels. **Fitch: If the U.S.-Iran Agreement is Reached, Oil Will "Fall Back into Oversupply Within a Month," with Prices Expected to Drop to $70 in Q4.** International rating agency Fitch released a report on Monday stating that the proposed ceasefire extension and reopening of the Strait of Hormuz between the U.S. and Iran will significantly alleviate the extreme credit risks posed by the current Middle East conflict, but it will also bring "imminent" oversupply pressure to the global oil market. Fitch made a key judgment in the report: "If the Strait of Hormuz is fully opened, as regional oil production gradually returns to normal levels and maritime shipping order returns to normal, the global oil market will fall back into a state of oversupply in about a month." This conclusion is based on the following points: Rapid recovery on the supply side: Iran and surrounding oil-producing countries will accelerate production recovery, and regional crude oil export capacity is expected to approach pre-conflict levels within weeks Non-OPEC countries continue to increase production: The output of non-OPEC oil-producing countries such as the United States, Brazil, and Guyana is still on the rise, with strong expectations for global non-OPEC supply growth by 2026. OPEC capacity elasticity: OPEC has ample spare capacity, and if member countries further release production to compete for market share, it will intensify supply pressure. **Anthropic negotiates with the U.S. government to resolve export restrictions on its AI models.** Anthropic is seeking to resolve a new conflict with the Trump administration over artificial intelligence safety issues, which has led the company to shut down global access to its two most advanced AI models. According to a source familiar with the matter, senior technical personnel from Anthropic met with officials from the Department of Commerce on Monday to discuss the government's national security concerns. It is currently unclear which government officials participated in the talks. After the meeting, a spokesperson for Anthropic stated that both parties are working quickly to seek a resolution. **Spending skyrockets to $34 billion! OpenAI is still burning cash madly before going public as the AI arms race enters a phase of "revenue surge and loss black hole."** Media reports citing informed sources indicate that as ChatGPT developer OpenAI prepares for its public listing and discloses a series of performance data, the company's overall spending in 2025 is expected to reach approximately $34 billion. In terms of more detailed operational data, sources indicate that OpenAI's net loss is about $38.5 billion, nearly eight times larger than the $5.1 billion loss in 2024. This latest operational data undoubtedly raises questions among investors about the financial sustainability and fundamental growth prospects of this globally valued AI application company. **Led by NVIDIA (NVDA.US)! The U.S.-Iran agreement opens a financing window as U.S. companies issue $40 billion in bonds in a single day.** Multiple U.S. companies sought to issue over $40 billion in bonds in the credit market on Monday, taking advantage of the window of optimism following a preliminary agreement between the U.S. and Iran regarding navigation in the Strait of Hormuz. Companies from NVIDIA (NVDA.US) to Qnity Electronics (Q.US) rushed to issue bonds amid a global market rally: at that time, oil prices plummeted, stock markets rose, and short-term U.S. Treasury yields fell, indicating a reduced expectation for recent U.S. interest rate hikes. NVIDIA is expected to be the largest issuer in the investment-grade bond market that day, while Qnity launched a significant financing project aimed at leveraged loan investors, as the prices of high-yield bonds rose and their yields subsequently fell. **Interest rates hit a 31-year high! The Bank of Japan raises rates by 25 basis points and pauses bond purchase reduction, with the deputy governor emphasizing: future rate hikes will closely monitor the situation in the Middle East.** The Bank of Japan voted 7 to 1 on Tuesday to raise the policy interest rate by 25 basis points to 1%, reaching this level for the first time since 1995. This is also the first rate hike since the increase to 0.75% last December, marking a significant acceleration in the Bank of Japan's policy normalization process against the backdrop of energy shocks caused by the Iran war and continued pressure on the yen. After the rate hike on Tuesday, Bank of Japan Deputy Governor Shinichi Uchida elaborated on topics such as inflation prospects, the wage-price cycle, the impact of a weak yen, and future policy paths at a post-meeting press conference He emphasized that in the subsequent pace of interest rate hikes, the central bank will closely monitor economic, price, and financial developments, especially keeping a close eye on the situation in the Middle East, to ensure it does not fall behind the inflation curve. He also revealed that the central bank has decided to pause the reduction of bond purchases to wait for domestic investors to fill the market space. **Is the foundation of the gold bull market still solid? WGC's latest survey: 45% of central banks plan to increase holdings, record high purchasing intention!** Amidst the dramatic fluctuations in gold prices, the World Gold Council (WGC) has released a new survey showing that the willingness of global central banks to increase gold holdings has risen to the highest level in history, providing solid bottom support for a long-term bull market in gold prices. According to the survey conducted by WGC in collaboration with YouGov, among the 74 central banks surveyed, as many as 45% plan to increase their gold reserves in the next year, the highest proportion since the survey began in 2018, with only one central bank indicating an intention to reduce holdings. Although countries like Turkey, Russia, and Azerbaijan have begun to sell gold, the overall pace of purchases is still accelerating in the first quarter of this year. The survey shows that the main increase in holdings comes from emerging markets and developing economies, with about 53% of such central banks expecting to expand their gold reserves in the next year, while the proportion among developed economy central banks is only 18%. ## Individual Stock News **After HBM, the "super windfall of storage" — NAND! AMD (AMD.US) decisively acquires MEXT, flash memory is leading the "AI inference economics."** AMD received strong bullish sentiment support from investors on Monday after the company announced the acquisition of MEXT, a technology company focused on AI-driven data center DRAM/NAND storage optimization technology for many years. AMD's stock price surged nearly 7% to $547.26 at the close of U.S. markets on Monday, with a market capitalization hovering around $890 billion. U.S. NAND flash leader SanDisk (SNDK.US) also saw its stock price rise nearly 7%, highlighting that as AMD acquires MEXT, the market increasingly recognizes that NAND flash technology is upgrading from a "storage capacity asset" to a "quasi-memory layer" in the AI computing system, likely becoming the next super windfall in the storage chip field after HBM. **AMD signs agreement with cloud service platform Rackspace Technology (RXT.US) to deploy 30MW of AMD AI computing power.** Rackspace has signed a final agreement with AMD to deploy a total power of 30MW of AI computing infrastructure based on AMD products in phases. This agreement realizes the memorandum of understanding announced by both parties on May 7, 2026, and establishes AMD as the strategic technology partner for Rackspace's compliant AI technology stack. The related deployment will begin in late 2026 and will be rolled out in batches at Rackspace's global data centers until 2028. Boosted by this news, Rackspace's stock price surged nearly 32% in pre-market trading on Tuesday. **SpaceX (SPCX.US) plans to acquire Cursor developer Anysphere for $60 billion.** SpaceX announced on Tuesday that it will acquire Anysphere, the developer of the popular AI programming agent Cursor, for $60 billion to expand its presence in the enterprise AI market SpaceX expects this acquisition deal to be completed in the third quarter of 2026. Like OpenAI and Anthropic, Cursor is also one of the Silicon Valley startups that have attracted a large number of developers in recent years. These companies utilize AI for code automation, and AI programming has become one of the earliest areas for AI companies to achieve commercialization. This deal may help xAI, which merged with SpaceX in February this year, further strengthen its position in the AI programming market. xAI developed the chatbot Grok, but has so far lagged behind competitors in the AI programming field. The transaction will also provide Cursor with more computing power resources for developing AI models. As of the time of writing, SpaceX's pre-market shares rose over 5%. **Qualcomm (QCOM.US) is in talks to acquire Tenstorrent, with a potential price range of $8 billion to $10 billion.** Qualcomm is reportedly in discussions to acquire the startup Tenstorrent to expand its AI chip capabilities. Sources say the price being discussed between the two companies is at least between $8 billion and $10 billion, and negotiations are still ongoing, with the price potentially subject to adjustment and talks possibly breaking down. If this deal can be finalized at the highest valuation of $10 billion, it will become one of the largest acquisitions in the global AI chip sector in the past three years and mark Qualcomm's strategic determination to accelerate its transformation towards AI computing power and high-end hardware in data centers. **The AI infrastructure boom continues as Amazon (AMZN.US) plans to invest billions of dollars to build a data center in Missouri.** Amazon announced on Monday that it plans to invest billions of dollars to build a new data center campus in Montgomery County, Missouri, further advancing its AI and cloud computing expansion. The project will establish a dedicated campus, expected to create over 400 full-time jobs and thousands of construction jobs, covering projects such as roads, water supply systems, and digital communication facilities. Amazon has committed over $7 million for community development, including $3 million for emergency dispatch facilities, $1 million for creating community spaces, and providing grants to local projects and education through ChangeX. Amazon stated that the campus will use 138 megawatts of carbon-free energy, enough to power approximately 28,000 households, and will employ efficient "free air cooling" technology, requiring water resources only 7% of the time throughout the year. Additionally, Amazon has partnered with Arable Labs to improve irrigation efficiency for farmers, aiming to save approximately 100 million gallons of water annually. Furthermore, local officials expect the project to generate hundreds of millions of dollars in new tax revenue, whereas the previous tax revenue for this land was less than $9,000. ## Important Economic Data and Event Forecast Beijing time 20:15: U.S. ADP employment weekly change for the week ending May 30. Beijing time 20:30: U.S. May import price index month-on-month, U.S. May new housing starts annualized month-on-month. 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