Key News Ahead of the US Stock Market Opening

In pre-market trading, the three major U.S. stock index futures showed mixed results, with Dow futures up 0.16%, S&P 500 futures up 0.09%, and Nasdaq futures down 0.63%. The German DAX index rose 0.17%, the UK's FTSE 100 index gained 0.08%, France's CAC 40 index increased 0.55%, and the Euro Stoxx 50 index climbed 0.54%. WTI crude oil rose 0.77%, trading at $75.80 per barrel. Brent crude oil increased by 1.02%, trading at $80.26 per barrel. Federal Reserve Chairman Kevin Walsh has decided to continue his streamlined communication policy, despite causing a significant sell-off in the U.S. bond market last month after failing to adequately explain the details of the interest rate strategy following the monetary policy meeting. Bank of America CEO stated in an interview that the hedge fund "Situational Awareness," which has recently focused on the artificial intelligence sector, is on the verge of collapse due to failed leveraged investments; this incident has raised alarms about the current financial market driven by high valuations and credit funds. San Francisco Federal Reserve Bank President Mary Daly expressed her support for the Fed's decision to maintain interest rates last week but warned that high inflation could be a broader issue requiring more aggressive action from policymakers. SanDisk fell over 11% in pre-market trading, as the company provided revenue guidance for the next fiscal quarter in the range of $10.3 billion to $10.8 billion, falling short of market expectations. Datadog's stock price dropped 21.6% in pre-market trading after the company reported its second-quarter earnings. Software stocks declined in pre-market trading due to AppLovin's revenue falling short of expectations, with Oracle down 3.6%, Salesforce down 4.6%, ServiceNow down 2.7%, Adobe down 2.6%, and Intuit down 2%.