pre-market news flash on US stocks
1. US stock index futures rise together: Dow Jones futures up 0.23%, S&P 500 index futures up 0.20%, Nasdaq futures up 0.18%.
2. European stock market indices rise together: Germany's DAX index up 0.23%, UK's FTSE 100 index down 0.13%, France's CAC 40 index up 0.02%, Euro Stoxx 50 index up 0.34%.
3. There is a notable difference in forecasts for US November employment growth: FactSet survey predicts private sector adding 40,000 jobs, while media consensus expects an increase of only 5,000 jobs, reflecting continued mixed signals in the labor market.
4. As White House National Economic Council Director Kevin Hassett quickly becomes the frontrunner to replace Powell as the head of the Fed, the market has begun to bet heavily on this extremely dovish "Shadow Fed Chair" having more influence on Fed monetary policy in the future than Powell, thereby betting that the Fed will implement more rate cuts in 2026.
5. CrowdStrike: Revenue for the third quarter of the 2026 fiscal year ending October 31 was $1.23 billion, a 22% year-on-year growth, exceeding analysts' expectations of $1.21 billion, with adjusted earnings per share of $0.96, exceeding the expected $0.94.
6. Amazon's cloud computing division AWS announced the launch of the next generation AI training chip Trainium 3 at the annual cloud computing event re:Invent, previewing the development plan for the next generation product Trainium 4, intensifying efforts to challenge NVIDIA and Google's dominant position in the AI chip market, while also introducing the Nova 2 series models and new AI services to compete for more market share in the fierce AI competition.
7. As of the third fiscal quarter ending November 1, Maivell Technologies' total revenue increased by 37% year-on-year to $2.07 billion, slightly higher than the market's expected $2.05 billion.
8. Bitcoin rises to a two-week high, with cryptocurrency-related stocks rising in pre-market trading. RIOT platform company's stock price rose by 2.2%, HUT 8 mining company's stock price rose by 2.2%, MARA Holdings company's stock price rose by 2.3%.
9. Micron Technology raises third-quarter profit and revenue expectations, with pre-market stock price rising by 2.1%.
10. US Eagle Apparel company raises annual sales expectations, with pre-market stock price rising by 11.6%.
11. US stock quantum computing concept sector sees pre-market surge, with QBTS rising nearly 7% at one point, now up over 5%, Rigetti Computing, Quantum Computing both up over 1%.
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