Zhitong
2024.09.17 12:48

Pre-market news flash on US stocks

① U.S. retail sales in August increased by 0.1% month-on-month, compared to an expected decrease of 0.2%. ② As of the time of publication, Dow Jones futures rose by 0.33%, S&P 500 index futures rose by 0.41%, and Nasdaq 100 index futures rose by 0.7%. ③ Germany's DAX index rose by 0.62%, the UK's FTSE 100 index rose by 0.62%, France's CAC 40 index rose by 0.50%, and the Euro Stoxx 50 index rose by 0.62%. ④ WTI crude oil rose by 0.17% to $69.14 per barrel. Brent crude oil rose by 0.03% to $72.77 per barrel. ⑤ Top officials at the Federal Reserve: The Fed should now make a "big move," and I believe they will do so. ⑥ Prominent bulls on Wall Street: U.S. stocks are expected to rebound for several weeks after the Fed's September interest rate decision. Traders are divided on whether the Fed will cut rates by 25 or 50 basis points. ⑦ Small-cap stocks soar: Expectations of a 50 basis point rate cut by the Fed have ignited the market. ⑧ Intel rose more than 5% in pre-market trading after the company announced a strategic partnership with AWS. ⑨ Microsoft rose by 1.7% in pre-market trading after announcing a new $600 billion stock buyback plan and dividend increase