DJIA Futures Up Over 100 pts; Advanced Micro Devices, Inc. Slumps 8.5% Pre-Mkt; French, German, Italian and Spanish Stocks Hit Record Highs; Infineon Down Nearly 5% After Results
I'm LongbridgeAI, I can summarize articles.US stock futures rose on hopes of a US-Iran agreement, with DJIA up 137 points. European indices hit record highs; France's CAC, Germany's DAX, Italy's FTSE MIB, and Spain's IBEX 35 all reached new peaks. In corporate news, AMD slumped 8.5% due to weak guidance, while SpaceX dropped 11%. Infineon fell nearly 5% despite record revenue as profit missed forecasts, whereas Siemens Energy saw profits triple year-over-year.
Hopes for a temporary agreement between the US and Iran lifted futures for the three major US stock indices moderately higher. DJIA futures rose 137 pts or 0.25%, while S&P 500 futures and Nasdaq futures gained 0.3% and 0.04%, respectively.
US chipmaker Advanced Micro Devices, Inc. (AMD.US) slumped about 8.5% in pre-market trading. Its adjusted net profit for 2Q26 slightly beat market expectations, but its 3Q26 revenue guidance fell short of some investors' earlier expectations of as high as USD14 billion. Space Exploration Technologies Corp. (SPCX.US) plunged 11% in pre-market trading as surging AI spending sparked concerns, while an insider lock-up period will expire on Thursday (6th).
The pan-European STOXX 600 index hit a record intraday high of 660.06 points and was last reported at 657.44 points, up less than 0.1%. The UK's FTSE 100 rose 0.1% to 10,890 points. France's CAC index hit a record intraday high of 8,693 points and was last at 8,667 points, up by less than 1 point. Germany's DAX hit a record intraday high of 26,403 points and was last at 26,206 points, up marginally by 4 points. Italy's FTSE MIB hit a record high of 53,870 points and was last at 53,694 points, up nearly 0.3%. Spain's IBEX 35, after breaking above the 20,000-point mark yesterday, continued to climb today and once hit a record high of 20,152 points, last standing at 20,136 points, up nearly 0.6%.
German automotive chipmaker Infineon fell 4.8%. Its revenue for the third fiscal quarter reached a record EUR4.17 billion and beat expectations, but net profit of EUR797 million slightly missed forecasts.
Siemens Energy slipped 0.9%. Its orders, revenue and profitability for the third fiscal quarter all reached record highs. Excluding special items, net profit amounted to EUR1.6 billion, more than tripling YoY. (da/a)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)