US Market Preview | BIYA Surges 73.3% Pre-market; UAE leaving OPEC, effective May 1; Intel surges 221% after Dow ejection; OpenAI Sales Miss Hits Tech Stocks
Baiya International Group, Inc. BIYA | 0.00 | |
Aterian Inc ATER | 0.00 | |
NVIDIA Corporation NVDA | 0.00 | |
Broadcom Limited AVGO | 0.00 | |
Advanced Micro Devices, Inc. AMD | 0.00 |
Most Important News
- United Arab Emirates leaving OPEC, effective May 1
- Intel surges 221% after Dow ejection
- OpenAI Sales Miss
S&P 500 and Nasdaq-100 futures fell on Tuesday, weighed down by a rise in oil prices as well as a report that pointed to weakness in OpenAI.
Futures tied to the broad market index S&P 500 index(SPX.US) fell 0.8%, while those linked to the NASDAQ-100(NDX.US) shed 1.4%. Futures tied to the Dow Jones Industrial Average(DJI.US) added 27 points, or 0.1%, lifted by a more than 2% gain in shares of Coca-Cola and Sherwin-Williams after both companies reported better-than-expected earnings.
OpenAI recently saw revenue and new users growth that were below its own targets, according to a Wall Street Journal report. The report added that CFO Sarah Friar told leadership she was concerned OpenAI may not be able to pay computing contracts in the future if its top line doesn’t expand fast enough.
The report sent tech lower. NVIDIA Corporation(NVDA.US) lost more than 2%, while Broadcom Limited(AVGO.US) pulled back more than 4%. Advanced Micro Devices, Inc.(AMD.US) and Intel Corporation(INTC.US) were down nearly 6% and 4%, respectively. ORACLE COMMODITY HOLDING CORP(ORLCF.US) dropped more than 7%.
As of 03:52 PM Riyadh Time, top pre-market movements are as follows:
Change | Price(US$) | Ticker (🌙 means "Shariah Compliant") | Additional Information |
73.3% | 1.35 | 🌙 Baiya International Group, Inc.(BIYA.US) | - |
41.7% | 0.93 | Aterian Inc(ATER.US) | Due to Q1 earnings release yesterday. |
40.0% | 2.8 | Nexera Technologies Ltd(NEXR.US) | Due to authorization for advanced energy infrastructure system in Gulf. |
29.9% | 2.87 | Sleep Number Corporation(SNBR.US) | - |
29.8% | 6.93 | 🌙 Bed Bath & Beyond, Inc.(BBBY.US) | Due to operating costs at their lowest in 10 years. |
24.1% | 0.38 | PomDoctor Ltd. Unsponsored ADR(POM.US) | - |
23.2% | 1.15 | Sports Entertainment Gaming Global Corporation(SEGG.US) | Integration with Polymarket's prediction technology boosts pre-market.; Stock traded vastly higher by 42.5% on last trading day |
22.0% | 45.92 | 🌙 Omnicell, Inc.(OMCL.US) | Earnings beat estimates by 71.88%, sales up by 14.91%. |
20.8% | 2.96 | Direct Digital Holdings, Inc. Class A(DRCT.US) | - |
20.6% | 1.17 | Classover Holdings, Inc. Class B(KIDZ.US) | Named to TIME's America's Top EdTech Companies of 2026 list. |
United Arab Emirates leaving OPEC, effective May 1
The UAE officially announce its withdrawal from both OPEC and OPEC+ on Tuesday, April 28, 2026, effective May 1, 2026. The announcement was made through the Emirates News Agency (WAM) and confirmed across multiple regional outlets. The UAE had been a member since 1967 when the Emirate of Abu Dhabi joined, with membership continuing after the federation was established in 1971.
OpenAI Sales Miss Hits Shares
SoftBank Group and Oracle Corporation(ORCL.US) fell after OpenAI missed sales and user targets, rekindling tech spending concerns before earnings.
US Consumer Confidence Rebounds
The US consumer confidence index rose slightly after hitting a record low. Americans still view the economy weakly and fear the US-Israel-Iran conflict may raise prices.
Dalio Warns Against Rate Cuts
Ray Dalio, founder of Bridgewater Associates, advised against interest rate cuts amid stagflation, where persistent inflation and slowing economic growth demand caution.
IBM Launches Bob AI Platform
IBM Corp(IBM.US) launched IBM Bob, an AI development platform, boosting shares 0.46% to US$229.10 premarket, after beating Q1 earnings estimates.
ServiceNow ($SERVICENOW NOW$) Partners Google Cloud For AI
ServiceNow, Inc.(NOW.US) expanded its AI partnership with Google Cloud and deployed workflow automation at TridentCare, aiming to integrate AI into enterprise operations across telecom, retail and healthcare.
Salesforce Hires 1,000 For AI Push
Salesforce.com, inc.(CRM.US) CEO Marc Benioff said the company will hire 1,000 recent graduates and interns to build its artificial intelligence system.
Classover Stock Surges 20% After Hours
Classover Holdings, Inc. Class B(KIDZ.US) shares jumped 20.64% to US$1.17 after being named to TIME's 2026 Top EdTech Companies list. Read in detail>>
Cathie Wood Buys IPO X-Energy
Ark Invest bought new IPO X-Energy, Inc. Class A(XE.US), backed by Amazon.com, Inc.(AMZN.US), from multiple funds for nuclear investments.
Nvidia Sellers Disappear, Stock Pops
Jim Cramer says NVIDIA Corporation(NVDA.US) sellers disappeared as stock rallied 4% to US$216.61, signaling eased bearish pressure and renewed momentum. Read in detail>>
Intel surges 221% after Dow ejection
Intel Corporation(INTC.US) soared 221% since being replaced by NVIDIA Corporation(NVDA.US) in the Dow on Nov 8, 2024, while Nvidia gained 44.6%. Read in detail>>
BP Beats Q1 Estimates
BP PLC Sponsored ADR(BP.US) reported Q1 adjusted EPS of US$1.24, up 134%, and sales of US$52.255B, beating estimates by 14.46%.
Coca-Cola Q1 Beats Estimates
Coca-Cola Company(KO.US) Q1 adjusted EPS of US$0.86 beat US$0.81 estimate; sales of US$12.500B beat US$12.241B estimate.
Spotify Q2 Sales Miss
Spotify(SPOT.US) reported Q2 sales of US$5.545B, below the US$5.650B analyst estimate.
GM Profit Beats by 41%
General Motors Co Warrants 2011-10.7.19 on Shs(GM.US) posted Q1 adj. EPS US$3.70 vs US$2.62 estimate, sales US$43.624B beat US$43.542B, but fell 0.9% from last year.
| Riyadh Time | Event | Previous Value | Forecast Value |
| 03:15 PM | ADP Employment Change Weekly | 40.25K | |
| 03:55 PM | Redbook YoY | 6.7% | |
| 04:00 PM | S&P/Case-Shiller Home Price YoY | 1.2% | 1.1% |
| 04:00 PM | House Price Index | 441.0 | 441.4 |
| 04:00 PM | House Price Index MoM | 0.1% | 0.1% |
| 04:00 PM | House Price Index YoY | 1.6% | 1.6% |
| 04:00 PM | S&P/Case-Shiller Home Price MoM | -0.1% | -0.2% |
| 05:00 PM | Richmond Fed Manufacturing Index | 0 | 6 |
| 05:00 PM | Richmond Fed Manufacturing Shipments Index | -2 | 4 |
| 05:00 PM | Richmond Fed Services Revenues Index | 9 | 11 |
| 05:30 PM | Dallas Fed Services Index | -13.3 | -10 |
| 05:30 PM | Dallas Fed Services Revenues Index | 1.3 | 3 |
| 08:00 PM | 7-Year Note Auction | 4.255% | |
| 08:00 PM | Money Supply | $22.65T | $ 22.8T |
| 11:30 PM | API Crude Oil Stock Change | -4.4M |