NextFin News - U.S. equity futures are lower ahead of the open, with technology shares under the heaviest pressure as oil prices and Treasury yields rise. Nasdaq 100 futures are down 344.50 points, or 1.17%, at 29,168.50; S&P 500 futures are down 47.25 points, or 0.61%, at 7,651.80; Dow futures are down 325.00 points, or 0.61%, at 52,915.00.
Pre-Market Performance
- European equities: Major benchmarks trade lower ahead of the U.S. open. The FTSE 100 is down 65.25 points, or 0.60%, at 10,759.01 after trading between 10,689.55 and 10,829.19. France's CAC 40 is down 16.64 points, or 0.20%, at 8,317.86, while Germany's DAX leads regional declines, down 234.64 points, or 0.89%, at 26,023.47.
- Energy: WTI crude futures are up $2.08, or 2.43%, at $87.84, while Brent crude futures are up $3.77, or 4.27%, at $92.14 as Middle East supply-risk concerns remain in focus.
- Metals: Gold futures are down $51.11, or 1.14%, at $4,430.39. Silver futures are down 2.26% at $65.476, while copper futures are down 1.46% at $6.5898.
- Forex: The U.S. Dollar Index is firmer, up 0.183 point, or 0.18%, at 99.568, adding pressure to precious metals and rate-sensitive assets.
Hot News
- Futures fall as September opens under pressure: U.S. stock futures are lower as investors weigh higher oil prices, rising yields and a weaker seasonal backdrop for equities. Rate-sensitive growth shares are lagging, with Nasdaq 100 futures underperforming the Dow and S&P 500 contracts, while risk sentiment softens across European and Asian markets.
- Oil jumps as Middle East violence flares: Crude prices are extending gains after renewed violence in the Middle East revived concerns over supply disruptions. The move is supporting energy-linked shares but raising concerns that higher fuel prices could complicate the inflation outlook.
- Bond-market pressure builds globally: Global markets are facing another rise in government bond yields, with the U.S. 10-year yield and Japanese yields drawing attention. Higher long-term yields are weighing on equity valuations, particularly in long-duration technology and AI-related names.
U.S. Stock Focus
- Apple — John Ternus takes over as CEO: Apple begins a major leadership transition today as John Ternus succeeds Tim Cook as chief executive. The change ends Cook's 15-year run leading the company, placing investor focus on Apple's AI strategy, product roadmap and execution under new leadership.
- Apple — legal fight with OpenAI escalates: Apple has escalated its trade-secret case against OpenAI, alleging in a court filing that OpenAI was destroying evidence. The dispute adds a legal overhang at a sensitive moment for Apple as the company transitions leadership and faces heightened scrutiny over its AI hardware ambitions.
- Nvidia — Anthropic signs $35 billion compute deal backed by Nvidia-linked infrastructure: Anthropic has agreed to a $35 billion cloud-computing arrangement with Lambda, a provider backed by Nvidia. The deal is expected to use Nvidia GPUs at a Texas data-center project, reinforcing demand visibility for AI infrastructure.
- Hut 8 — Texas data-center role draws pre-market attention: Hut 8 is in focus because the Texas data center involved in Anthropic's compute deal is being developed by the company. Shares drew early pre-market interest as investors reassessed Hut 8's exposure to large-scale AI compute demand.
- Robinhood — banking assets and upgrade lift shares: Robinhood shares are higher in early trading after CEO Vlad Tenev said Robinhood Banking assets crossed $4 billion, and following a Morgan Stanley upgrade. The company also remains in focus for updates around Agentic Trading and broader product expansion in crypto and financial services.
- Medtronic — earnings beat and guidance raise: Medtronic reported fiscal first-quarter 2027 revenue of $9.8 billion, up 13.7% as reported and organically, with non-GAAP diluted EPS of $1.45. The company raised fiscal 2027 organic revenue growth guidance to 7.25% to 7.75% and lifted its non-GAAP EPS outlook to $5.94 to $6.00.
- Ford — recalls 148,663 U.S. Mustang vehicles: Ford is recalling 148,663 U.S. vehicles due to potential loss of drive power and failures affecting headlights or windshield-washer functions. The recall covers 2024 to 2026 Mustang vehicles, with dealers set to replace engine-compartment wiring-harness ground terminals free of charge.
- Qualcomm — Mizuho downgrade pressures shares: Qualcomm shares are under pressure after Mizuho downgraded the stock to Neutral from Outperform. The firm cited handset-market headwinds and the loss of Apple modem share, estimating a potential $2 billion to $3 billion revenue headwind tied to iPhone exposure.
- Palo Alto Networks — earnings due after the close: Palo Alto Networks is scheduled to report fiscal fourth-quarter and fiscal-year 2026 results after today's close. Wall Street is looking for roughly $3.35 billion in revenue and adjusted EPS of about $0.98, keeping cybersecurity demand and CyberArk integration in focus.
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