Preview of US Stock Market | Three major stock index futures rise together. NVIDIA Corporation's entry into the PC chip market ignites the industry chain.

Pre-market market trends 1. As of June 1 (Monday), the pre-market for US stocks is showing an increase with all three major stock index futures rising. As of writing, Dow Jones Industrial Average futures are up 0.27%, S&P 500 index futures are up 0.22%, and Nasdaq futures are up 0.20%. 2. As of writing, the German DAX index is up 0.66%, the UK FTSE 100 index is down 0.18%, the French CAC 40 index is up 0.46%, and the European Stoxx 50 index is up 0.43%. 3. As of writing, WTI crude oil is up 2.72% at $89.74 per barrel. Brent crude oil is up 2.16% at $93.09 per barrel. Market News Powell warns Trump administration again: Dismissing Fed officials over policy disagreements could damage the central bank's credibility. Former Fed Chair and current Fed Governor Powell warned that if any US president can dismiss Fed officials over policy disagreements, it would damage the credibility necessary to support a strong and stable economy. Powell stated that the public would lose trust in the Fed, undermining its decisions for the benefit of all Americans. He emphasized the importance of protecting the Fed's credibility, which has been built and maintained over decades. Goldman Sachs Group warns of oil price risks. Goldman Sachs Group warns of oil price risks, citing a potential reduction in Middle East oil supply due to the Iran conflict and a decline in global oil demand. Analysts predict a downward risk in oil demand of about 200,000 barrels per day, which could impact the price of Brent crude oil. Survey shows analysts raising 2026 oil price forecasts. Analysts have raised their forecasts for 2026 oil prices for the third time this year, citing potential delays in energy supply recovery. Prices are expected to rise, reflecting the impact of the Iran conflict on global oil supply. White House economic advisor predicts oil transport through Hormuz Strait to recover in one to two months. White House Chief Economic Advisor Kevin Hassett predicts that oil transport through the Hormuz Strait, which has been disrupted due to the US-Iran conflict, will return to normal within one to two months. He expects global fuel prices to fall as refineries in Pakistan and India resume production. Additionally, Hassett believes that gasoline prices will drop significantly once the strait reopens. Smartphone market faces record decline in shipments. Counterpoint Research predicts a significant decline in global smartphone shipments, citing a shortage of DRAM/NAND storage chips and rising component prices. The market is expected to decline by 13.9% this year, driven by supply chain challenges. Individual Stock News NVIDIA Corporation partners with Microsoft Corporation on new AI PC, challenging Apple Inc. and Intel Corporation. NVIDIA and Microsoft have collaborated on a new series of PCs featuring the "RTX Spark superchip," based on Arm architecture, designed for AI optimization. This partnership aims to challenge existing competitors in the PC market. NVIDIA enters Taiwan Semiconductor Manufacturing Co. ADR's wafer factories, increasing lithography efficiency by up to 50%. NVIDIA partners with Uber Technologies, Inc. and Autobrains to launch a robotaxi service in Munich, Germany. MGM Resorts International prepares for privatization. Intel Corporation plans to launch a new AI chip by the end of the year. Qualcomm launches IQ10 reference design for Siasun Robot&Automation, focusing on integrated sensor integration. Honeywell International Inc. to split its aerospace business to ignite the aerospace supply chain. Berkshire Hathaway makes an $8.5 billion acquisition of Taylor Morrison, boosting the US housing market. Important Economic Data and Events - 21:45 Beijing time: US May SPGI Manufacturing PMI final value - 22:00 Beijing time: US May ISM Manufacturing PMI - Earnings forecasts for Tuesday morning: Hewlett Packard Enterprise Co., Credo Technology - Pre-market earnings forecasts for Tuesday: UP Fintech Holding Ltd., Hello Group Inc., Gaotu Techedu, Inc.