US Market Preview | PSQL Up 73%; Fed Chair Speech Eyed for Signals; MRVL Slips on Margin Guidance; Musk: SpaceX To Hit $3.5T
Gap, Inc. GAP | 0.00 | |
Marvell Technology MRVL | 0.00 | |
Pasqal Holding SA PSQL | 0.00 | |
Pasqal Holding SA Warrant PSQLW | 0.00 | |
Wheeler Real Estate Investment Trust, Inc. WHLR | 0.00 |
S&P 500 futures were relatively unchanged on Friday as investors monitored earnings reports and awaited Federal Reserve Chairman Kevin Warsh’s latest address.
Futured tied to the broad market index traded just above the flatline, while Nasdaq 100 futures lost 0.3%. Dow Jones Industrial Average futures were up 44 points, or 0.1%.
Gap, Inc.(GAP.US) shares jumped 16% despite a mixed quarterly report as the retail announced a new chief executive for the struggling Old Navy brand. Marvell Technology(MRVL.US) slid about 8% after issuing current-quarter guidance for non-GAAP gross margin that disappointed the Street.
| SYMBOL | %CHANGE |
|---|---|
| S&P FUT | 0.01 |
| NAS FUT | -0.3 |
| DOW FUT | 0.1 |
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As of 03:15 PM Riyadh Time, top pre-market movements are as follows:
Change | Price(US$) | Ticker (🌙 means "Shariah Compliant") | Additional Information |
73.0% | 16.93 | Pasqal Holding SA(PSQL.US) | - |
58.4% | 2.63 | Pasqal Holding SA Warrant(PSQLW.US) | - |
53.6% | 1.72 | Wheeler Real Estate Investment Trust, Inc.(WHLR.US) | Gained 118.8% after a 30% drop on Thursday. |
46.6% | 6.92 | Exascale Labs Holdings Inc. Class A(XLAB.US) | - |
40.6% | 7.25 | Quoin Pharmaceuticals. Ltd Sponsored ADR(QNRX.US) | Positive interim Phase 2/3 data on QRX003. |
34.2% | 2.91 | 🌙 Aethlon Medical, Inc.(AEMD.US) | - |
33.7% | 0.93 | 🌙 Fangdd Network Group Ltd.(DUO.US) | - |
29.8% | 0.22 | 🌙 FingerMotion Inc(FNGR.US) | - |
Warsh's Jackson Hole Signals Move Markets
Federal Reserve Governor Kevin Warsh's speech tonight could shift US stocks, bonds, and gold based on three key signals.
Three Key Points from Warsh's Speech
Investors await Kevin Warsh's Jackson Hole speech at 10:00 AM ET; focus on three policy signals per Morgan Stanley's Kanduja.
Oil Tanker Hit In Strait
Aframax tanker struck by projectile in Hormuz, fire extinguished, crew safe, no spills reported, UKMTO probes.
Bitcoin Dips Below US$80K Level
Bitcoin fell nearly 2% to under US$80,000 on Aug 28, 2026, as investors await Fed Chair Kevin Warsh's Jackson Hole speech for policy clues.
Trump's AI Body Faces Stalled
Trump administration's plan for a new AI regulatory body has stalled amid internal controversy, reports say.
Anthropic Lets Insiders Sell Shares Early
Anthropic plans to let existing shareholders sell shares in its IPO, plus longer post-listing lock-up period.
SK Hynix CEO Warns Memory Squeeze to 2030
SK Hynix Inc CEO says memory chip shortage will last through 2030, building a US$4 billion Indiana fab to meet AI-driven demand.
SK Hynix Eyes Japan Memory Tie-Ups
SK Hynix CEO explores deeper cooperation with Japanese memory chip customers and suppliers to strengthen industry partnerships.
Treasury-Fed Pact May Lift 30Y Yields
Citrini says more Treasury-Fed cooperation could cut long bond supply, boosting 30-year US Treasury yields.
Musk: SpaceX To Hit US$3.5T
- Elon Musk predicts SpaceX(SPCX.US) reaches US$3.5 trillion revenue by 2033, seven years earlier than Morgan Stanley's forecast.
- Elon Musk announced SpaceX will offer Starlink at half price for residents near Starbase Louisiana, aiming to boost adoption.
Nvidia's CEO Gains US$15B Overnight
NVIDIA Corporation(NVDA.US) shares surged 8.7% Thursday on strong Q2 results, lifting Jensen Huang's net worth by nearly US$15B to sixth richest.
Nvidia Stock Jumps on AI Scale
Nvidia Corp shares rise on AI demand, but margin durability becomes key concern.
NVIDIA Sets Financial Community Event Date
NVIDIA Corp plans an upcoming event for its financial community, with details to be disclosed.
Burry flags Nvidia's circular deal
Michael Burry calls Nvidia Corp's US$105B OpenAI guarantee 'circular financing,' warning of systemic risk ahead.
Amazon's Swedish Wind Power Deal
Amazon.com, Inc.(AMZN.US) signed long-term electricity purchase agreements with four Swedish wind farms to support data center expansion in the Nordic country.
Rivian CFO Quits, Stock Dips
Rivian Automotive(RIVN.US) shares fell after-hours as CFO Claire McDonough resigned after nearly six years, effective May 2025.
PayPal Plunges 12% After Stripe Deal Dies
PayPal Holdings, Inc.(PYPL.US) shares fell 12% overnight as Stripe deal collapsed, but board blocked 'inadequate offer', saving 'meaningful upside', per Thomas Hayes.
Marvell Stock Plunges Despite Double Beat
- Marvell Technology(MRVL.US) shares fell premarket after earnings beat, but analyst calls it a trillion-dollar company, suggesting buy-the-dip opportunity.
- Marvell raised fiscal 2027-28 revenue forecasts; data center sales hit 79% of Q2 total.
- Marvell maintains plans for roughly US$1 billion of capacity prepayments to suppliers in fiscal 2027.
- Marvell CEO sees custom chip revenue doubling YoY by fiscal 2028, accelerating in 2029; Google warrant-covered programs already booked through then.
| Friday August 28 2026 | Event | Previous | Consensus | Forecast |
|---|---|---|---|---|
| 04:45 PM | Chicago PMI AUG | 57.6 | 57 | 56.1 |
| 05:00 PM | Fed Chair Warsh Speech | |||
| 05:00 PM | Non Farm Payrolls Annual Revision Prel | -911K | ||
| 05:00 PM | Michigan Consumer Sentiment Final AUG | 55.2 | 51.0 | 51.0 |
| 07:30 PM | Fed Goolsbee Speech | |||
| Jackson Hole Symposium |