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On Monday Pre-Market Trading, the three major futures indices collectively weakened.
During the recently passed weekend, the global trade situation escalated rapidly due to the "steel tariffs" imposed by the Trump administration, while geopolitical risks also surged dramatically due to the Russia-Ukraine conflict. This news severely impacted the recently revived market confidence, leading to a slight decline in the three major U.S. stock index futures.
Many star technology stocks weakened in Pre-Market Trading, with Tesla and Google both falling over 1%.
Drone concept stocks rose in Pre-Market Trading! UMAC surged nearly 13%, while RCAT rose by nearly 7%.
Trump plans to increase steel tariffs! U.S. stock steel and aluminum stocks soared strongly in Pre-Market Trading.
On May 30 local time, U.S. President Trump stated that he would raise the tariffs on imported steel from 25% to 50%. In U.S. Pre-Market Trading, U.S. steel and aluminum stocks soared strongly. $Cleveland-Cliffs (CLF.US)$ Increased by more than 25%, $Century Aluminum (CENX.US)$ and an increase of more than 17%, $Steel Dynamics (STLD.US)$ has risen over 10%. $Nucor (NUE.US)$ Increased by nearly 10%.
Tesla is down nearly 2% in Pre-Market Trading, Trump states that Tesla and other vehicles must be 100% made in America.
$Tesla (TSLA.US)$ In Pre-Market Trading, stocks fell nearly 2%. In the news, U.S. President Trump clearly stated during a White House press conference last Friday that American car manufacturers, including Tesla, must complete all vehicle and parts production domestically and cannot rely on overseas parts supply any longer. Additionally, data shows that Tesla's sales in Denmark fell 30.5% year-on-year in May, and registrations in France dropped by 67.18%.
Pony.ai rose over 3% in Pre-Market Trading as the company reached a Global Strategy cooperation with Shenzhen Xihu Group.
$Pony AI (PONY.US)$ The cooperation with Shenzhen Xihu Group aims to jointly create a self-driving mobility service fleet in Shenzhen, promoting the traditional taxi industry’s transformation from "electrification to intelligentization." According to the agreement, this L4-level autonomous driving fleet will use mass-produced vehicles equipped with Pony.ai's seventh-generation autonomous driving hardware and software systems. Meanwhile, both parties plan to gradually establish a vehicle scale of over 1,000 units in Shenzhen. As of the time of writing, Pony.ai has risen over 3% in Pre-Market Trading.
Basel Medical soared over 45% in Pre-Market Trading after the company announced it has reached a $1 billion Bitcoin purchase agreement.
Singapore Orthopedic Medical Group $Basel Medical (BMGL.US)$ In Pre-Market Trading, it skyrocketed over 45%, closing up more than 484% last Friday. In news, the company previously announced it has reached a $1 billion Bitcoin purchase agreement.
Blueprint Medicines surged nearly 27% in Pre-Market Trading, as Sanofi splurged $9.1 billion to acquire the company's strengthened position in autoimmune diseases.
The French pharmaceutical giant $Sanofi (SNY.US)$ will acquire the American biopharmaceutical company for $9.1 billion in equity value. $Blueprint Medicines (BPMC.US)$ , this move will significantly strengthen its treatment pipeline in the rare autoimmune disease field. According to a joint statement released by both parties on Monday, Sanofi will acquire the company at a cash price of $129 per share, representing a 27% premium over Blueprint's closing price last Friday. As of publication, Blueprint surged nearly 27% in Pre-Market Trading.
BioNTech rose over 13% in Pre-Market Trading after reaching an $11.1 billion collaboration agreement with Bristol-Myers Squibb.
$BioNTech (BNTX.US)$ In Pre-Market Trading, the stock surged over 13%, according to reports. $Bristol-Myers Squibb (BMY.US)$ It will pay BioNTech SE up to $11.1 billion for a license for a next-generation cancer drug. The two companies stated on Monday that BioNTech will receive a $1.5 billion upfront payment and $2 billion in installment payments until 2028. BioNTech will also be eligible for up to $7.6 billion in milestone payments, with partners sharing the development and manufacturing costs and profits.
Moderna rose over 2% in Pre-Market Trading after receiving approval for its next-generation COVID-19 vaccine for individuals aged 65 and older.
$Moderna (MRNA.US)$ It rose over 2% in Pre-Market Trading after the U.S. Food and Drug Administration (FDA) approved the company's next-generation COVID-19 vaccine for adults aged 65 and older.
The Amazon cloud division continues to expand its data centers while also competing for NVIDIA chips.
$Amazon (AMZN.US)$ The head of its cloud computing unit, AWS, stated that the company is accelerating the expansion of server farms globally and seeking more of NVIDIA's latest AI chips. On Friday, AWS CEO Matt Garman told the media that earlier this year, AWS opened a data center cluster in Mexico and is also building new facilities in places like Chile, New Zealand, and Saudi Arabia. Amazon previously stated that its AI business is expected to generate billions of dollars in revenue throughout the year. Garman added that this figure 'comes from AWS,' representing client usage of its on-demand AI services.
Meta plans to fully automate advertising creativity with AI.
According to The Wall Street Journal, sources revealed that $Meta Platforms (META.US)$ the goal is to enable brands to fully utilize artificial intelligence to create ads by the end of next year.
Global Macro
Trump strikes again with tariffs! He will raise steel import tariffs to 50%.
On the 30th local time, U.S. President Trump stated that he would raise the tariffs on imported steel from 25% to 50%. On February 10, Trump signed an executive order announcing a 25% tariff on all steel and aluminum imported into the United States. The measure officially took effect on March 12 local time.
Federal Reserve Governor Waller: If core inflation continues to move toward the 2% target, a rate cut is expected later this year.
Federal Reserve Board member Waller stated on Monday that he still believes the Fed is expected to cut rates later this year, currently anticipating that tariffs will raise the unemployment rate, but at the same time, inflationary pressure will be temporary; Waller indicated that tariffs will raise inflation rates in the "coming months", but as long as inflation expectations remain stable, he supports ignoring any short-term price increases when making policy.
Deep into the hinterland! Ukrainian drones attacked Russian airports in multiple regions, with Ukraine threatening to destroy more than 40 Russian bombers.
Ukrainian officials stated on Sunday that the Ukrainian military launched large-scale drone attacks on multiple military airports deep inside Russia; these airports are bases for strategic bombers conducting airstrikes, and this operation is considered one of the boldest military actions taken by the Ukrainian army since the outbreak of the Russia-Ukraine conflict. As the Russia-Ukraine conflict escalates, Crude Oil surged 4% in a day, and spot Gold rose nearly 2.00%, returning to the $3,350 mark.
Breakthrough or collapse? Bank of America Hartnett: U.S. stocks and other risk Assets are at a critical moment, pay attention to the "three major leading Indicators."
As the S&P 500 Index approaches the 6,000-point mark again, while the 10-year Treasury yield stubbornly remains high, Bank of America Chief Investment Officer Michael Hartnett issued a warning: the answer to whether U.S. stocks and other risk assets will break through or crash is hidden in three key Indicators. Hartnett pointed out that brokerage stocks, bank stocks, and Bitcoin—the three "B" assets—will become the best "signal lights" for determining market direction. If these three major risk-leading Assets show a double-top pattern, it will release an "extremely bearish" signal; conversely, if they can break upward cleanly, it signifies "extreme bullish".
Top 20 transactions in Pre-Market Trading.
Macro calendar reminders for the USA stock market.
21:45 U.S. May S&P Global Manufacturing PMI final value.
22:00 U.S. May ISM Manufacturing PMI.
22:15 2026 FOMC voting member and Dallas Fed President Logan participates in a moderator dialogue at the 11th Regional Banking Conference hosted by the bank.
The next day.
00:45 2025 FOMC voting member and Chicago Fed President Goolsbee participates in a Q&A event.
01:00 Fed Chairman Powell delivers opening remarks at an event.
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