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In Pre-Market Trading on Thursday, the three major U.S. stock indices declined, with the Dow Jones Industrial Average falling by 0.69%. The NASDAQ 100 Index dropped by 0.65%, and the S&P 500 Index decreased by 0.61%.
Many star Technology stocks declined in Pre-Market Trading. $Amazon (AMZN.US)$ 、 $Taiwan Semiconductor (TSM.US)$ 、 $Qualcomm (QCOM.US)$ 、 $Intel (INTC.US)$ Down 0.4%, $Broadcom (AVGO.US)$ 、 $NVIDIA (NVDA.US)$ Approximately down 1%, $Tesla (TSLA.US)$ A drop of nearly 2%.
Popular Chinese concept stocks show divergence in Pre-Market Trading. $Kingsoft Cloud (KC.US)$ Increased by over 3%, $Tencent Music (TME.US)$ Increased by nearly 2%, $NIO Inc (NIO.US)$ 、 $Bilibili (BILI.US)$ Dropped over 1%. $XPeng (XPEV.US)$ 、 $MINISO (MNSO.US)$ Dropped more than 2%.
Oracle surged over 8% in Pre-Market Trading, with the CEO indicating that revenue from cloud infrastructure in the new fiscal year will increase by more than 70%.
After the market close on Wednesday Eastern Time, $Oracle (ORCL.US)$ Oracle announced its fourth quarter results for the fiscal year 2025, with revenue growing 11% year-on-year to $15.9 billion. CEO Safra Catz stated in an Analyst conference call that cloud infrastructure revenue is expected to grow by more than 70% in fiscal year 2026. Earnings Reports indicate that Oracle's 'remaining performance obligations' reached $138 billion, a significant increase of 41% year-on-year, demonstrating Oracle's success in obtaining large-scale long-term customer subscription commitments in the cloud computing business. As of the time of writing, Oracle's stock rose by over 8% in Pre-Market Trading.
Boeing fell over 8% in Pre-Market Trading following the first incident involving the 787 passenger aircraft.
On June 12, a Boeing 787 passenger aircraft operated by Air India crashed shortly after taking off from Ahmedabad Airport in India, which could become the most serious accident involving this advanced wide-body aircraft from the American manufacturer. The latest news indicates that Air India confirmed the aircraft onboard 242 people crashed near Ahmedabad Airport. As of the time of writing, $Boeing (BA.US)$ On Thursday, U.S. stocks fell over 8% in Pre-Market Trading. $GE Aerospace (GE.US)$ Fell over 4% in Pre-Market Trading.
XPeng Motors saw a pre-market surge before pulling back, with reports that XPeng will develop advanced chips for Volkswagen.
According to the Financial Times of the United Kingdom, $XPeng (XPEV.US)$ In negotiations to supply AI chips to other auto manufacturers, XPeng's self-developed AI chips will be equipped in some Volkswagen models. Stimulated by this news, XPeng Motors briefly surged to 2% in Pre-Market Trading, but is now down more than 3%.
Biotech company CureVac rose more than 31% in Pre-Market Trading, with reports that BioNTech will acquire CureVac for $1.25 billion.
On Thursday pre-market time in Eastern Time, Bloomberg reported that BioNTech will acquire CureVac for $1.25 billion to enhance its cancer Business. As of this article's publication, $CureVac (CVAC.US)$ rose more than 31% in Pre-Market Trading.
Voyager Technologies rose over 5% in Pre-Market Trading as the company collaborates with NASA, securing $0.2175 billion in research grants.
$Voyager Technologies (VOYG.US)$ It received a development grant of $0.2175 billion from NASA to design the Starlab commercial space station. This station is planned to replace the International Space Station, which will retire in 2030. The CEO of Voyager stated, "The partnership with NASA is a key milestone in our technological innovation and will enhance the company's leadership in the commercial space sector."
Global Macro
U.S. Treasury Secretary and Trump both "ease up": willing to extend the tariff delay.
On Wednesday local time, U.S. Treasury Secretary Bessent stated that the Trump administration is willing to extend the current 90-day tariff delay imposed on major trade partners beyond July 9, as long as they demonstrate sincerity in ongoing trade negotiations.
Bessent indicated that for countries and trading entities, such as the European Union, that negotiate in good faith, the U.S. is "very likely" to "extend the deadline to continue sincere negotiations." Meanwhile, U.S. President Trump also stated on Wednesday that he is willing to extend the deadline for trade negotiations but believes it is not a necessity.
U.S. Bonds are about to face "final settlement"! The "New Bond King" warns: a collapse of U.S. Bonds will trigger a flight of dollar assets.
Jeffrey Gundlach, the CEO of global asset management giant DoubleLine Capital and known as the "new bond king," warned that the U.S. debt burden and interest payments have become "unsustainable," which could lead investors to withdraw from dollar assets. The veteran bond manager stated, "People are now realizing that long-term government bonds are no longer a qualified investment."Safe haven Assets", the reckoning moment is coming."
Regarding the outlook for U.S. bonds, Gundlach believes that as the economy weakens, long-term bond yields may continue to rise. If the yield reaches 6%, it may compel the Federal Reserve to intervene and initiate Algo by purchasing long-term government bonds to suppress borrowing costs.
As concerns over long-term demand for U.S. Treasury bonds weigh heavily, the 30-year Treasury bond auction becomes a crucial test.
As concerns over demand for U.S. long-term government bonds persist among investors, all eyes are on the $22 billion 30-year U.S. Treasury auction set for Thursday at 1 PM Eastern Time to determine if the expanding U.S. government fiscal deficit is causing investors to avoid long-term government bonds.
The nonpartisan organization "Committee for a Responsible Federal Budget" estimates that the bill will increase U.S. government debt by $3.3 trillion over the next decade, potentially requiring the U.S. government to issue more Treasury bonds to finance spending. Additionally, market concerns that the trade war initiated by the Trump administration could reignite inflation and weaken global demand for U.S. assets are particularly detrimental to the longest U.S. government bonds.
The Japanese Prime Minister reiterated that there is no urgency to reach an agreement with the United States and will not sacrifice national interests.
Japanese Prime Minister Shigeru Ishiba reiterated on Thursday that there is no rush to reach a trade agreement with the United States. He stated that Japan welcomes progress in the ongoing tariff negotiations with the United States, but will not sacrifice national interests for the sake of quickly reaching an agreement. While it would be good if trade negotiations could make progress before his meeting with President Trump, it is crucial to reach an agreement that benefits both Japan and the United States.
The G7 summit will be held from June 15 to 17 in Canada. Ishiba is expected to meet with U.S. President Trump during the G7 summit.
Top 20 transactions in Pre-Market Trading.
Macro economic events reminder for U.S. Stocks.
20:30, U.S. PPI year-on-year and month-on-month, number of initial claims for unemployment benefits in the U.S. for the week.
22:30, U.S. weekly EIA natural gas inventory.
Editor/joryn
