Most Important News

1. Oil Prices: WTI Falls 1.9% to $102.14;
2. Bond Yields: 30-year Yield Hits 5.19% High;
3. SpaceX IPO: Goldman Sachs Leads SpaceX Listing;

Stock futures moved higher Wednesday, thanks in part to a decline in oil prices, as traders looked ahead to the release of NVIDIA Corporation(NVDA.US)'s first-quarter earnings report.

As of 03:24 PM Riyadh Time, futures linked to the S&P 500 index(SPX.US) were 0.38% higher, while NASDAQ(IXIC.US) 100 futures added 0.69%. Futures tied to both indexes had earlier been trading in negative territory. Dow Jones Industrial Average(DJI.US) futures were up 156 points, or 0.32%.

West Texas Intermediate futures shed 1.9% to trade at $102.14 per barrel. Brent crude pulled back 2% to $109.03.

Investors are turning their attention toward NVIDIA Corporation(NVDA.US), which reports its first-quarter earnings after the close. The report will be an important view into the artificial intelligence trade and provide the latest update on demand for chips.

As of 03:24 PM Riyadh Time, top pre-market movements are as follows:

Futures Rise As Nvidia Report Looms

S&P 500 and Nasdaq 100 futures rebound alongside ETF-S&P 500(SPY.US) and PowerShares QQQ Trust,Series 1(QQQ.US) as investors await NVIDIA Corporation(NVDA.US) earnings and Federal Reserve minutes, while Treasury yields stay elevated and markets overwhelmingly expect June rate-hold. Read in detail>>

Cyclical Sectors Drag Major US Indices

Materials, communication services, and consumer discretionary sectors lead declines, pushing most S&P 500 components negative and driving Dow Jones, S&P 500, and Nasdaq Composite lower, while healthcare and energy stocks buck the trend and close higher, underscoring sector rotation under elevated yields. Read in detail>>

Trump Order Eases Fintech Regulations

President Donald Trump signs executive order streamlining US financial regulations to integrate financial-technology innovation, aiming to reduce compliance burdens, encourage collaboration among fintech firms and traditional institutions, and potentially bolster broad equity benchmarks like ETF-S&P 500(SPY.US) through enhanced financial-sector efficiency. Read in detail>>

Ackman’s Alphabet Exit Costs $641 Million

Bill Ackman’s Pershing Square rotated heavily from Alphabet Inc. Class A(GOOGL.US) into Microsoft Corporation(MSFT.US), selling 95% of Alphabet in Q1 and forfeiting about $641 million in unrealized gains, while the new Microsoft stake gained roughly $272 million, partially offsetting missed Alphabet upside. Read in detail>>

Goldman Sees Politicized Gold Supercycle

Goldman Sachs Group, Inc.(GS.US) forecasts gold hitting $5,400/oz by 2026, driven by central bank purchases rising toward 60 tons monthly and de‑dollarization. Emerging‑market policy shifts, including Ghana’s higher royalties and India’s demand suppression, reinforce gold’s strategic role; SPDR Gold(GLD.US) gain 3.32% YTD. Read in detail>>

Higher Yields, Oil Pressure Tesla Valuation

Tesla Motors, Inc.(TSLA.US) faces valuation pressure as Brent crude hovers near $110 and the US 10-year yield around 4.6%, raising discount rates on high-duration growth stocks. Investor Gary Black warns Tesla’s rich PEG, 211x 2026 earnings multiple, and macro headwinds could drive further downside despite unchanged fundamentals, while suggesting relatively cheaper growth alternatives NVIDIA Corporation(NVDA.US), Alphabet Inc. Class C(GOOG.US), Amazon.com, Inc.(AMZN.US), and Meta Platforms(META.US). Read in detail>>

SpaceX Picks Goldman For Record IPO

SpaceX selects Goldman Sachs Group, Inc.(GS.US) and Morgan Stanley(MS.US) to lead an IPO targeting over $75 billion, with BlackRock, Inc.(BLK.US) eyeing $5–10 billion participation, potential Nasdaq 100 inclusion, and facing governance backlash from major pension funds over dual-class shares and Elon Musk’s compensation. Read in detail>>

Nvidia Earnings Seen As AI Supercycle Test

NVIDIA Corporation(NVDA.US) first-quarter earnings and guidance are viewed as the pivotal test of the AI infrastructure supercycle, with Wall Street expecting about $80 billion Q1 revenue, $86–88 billion Q2 guidance, >75% gross margins, and implications for peers Advanced Micro Devices, Inc.(AMD.US), Broadcom Limited(AVGO.US), Micron Technology, Inc.(MU.US), and Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR(TSM.US). Read in detail>>

Google, Samsung Launch Gemini Smart Glasses

Alphabet Inc. Class A(GOOGL.US) and SAMSUNG ELECTRONICS CO(SSNLF.US) unveiled AI-powered smart glasses integrating Gemini, real-time translation, Android XR, and Galaxy ecosystem features, targeting next-generation wearable computing, with first-generation devices slated for limited-market launch later this year; pricing remains undisclosed. Read in detail>>

Congressmen Cash Out Intel Stock

Intel Corporation(INTC.US) stock surged 379% from early 2025; two congressmen recently sold shares for up to $15,000 profit.

China Orders 200 Boeing Jets, Eyes Tariff Cuts

China confirms purchase of 200 Boeing Company(BA.US) aircraft, the first major order from its market in over a decade, while Beijing and Washington pursue reciprocal $30 billion tariff reductions; Boeing shares fall about 10% over five days despite the deal. Read in detail>>

Alibaba Launches Rival AI Chip To Nvidia

Alibaba Group Holding Ltd. Sponsored ADR(BABA.US) releases 3X powerful Zhenwu M890 AI chip as NVIDIA Corporation(NVDA.US) faces headwinds in China.

8x8 Surges On Earnings Beat, Profitability

8x8, Inc.(EGHT.US) shares jumped 16.6% in after-hours trading to $2.80 after Q4 adjusted EPS of $0.11 beat $0.08 estimates and revenue of $185.25 million topped $181.12 million, marking record revenue, over 50% annual usage-based growth, and first GAAP-profitable year since 2015. Read in detail>>

GraniteShares Launches Palantir, Robinhood ETFs

GraniteShares launched GraniteShares Autocallable PLTR ETF(PLA.US) and GraniteShares Autocallable HOOD ETF(AHD.US), offering monthly income from structured autocall strategies on Palantir(PLTR.US) and Robinhood(HOOD.US), expanding its autocallable ETF lineup tied to volatile single stocks including NVIDIA Corporation(NVDA.US), Tesla Motors, Inc.(TSLA.US), Strategy(MSTR.US) and Coinbase(COIN.US). Read in detail>>

Target Earnings Expectations Pressure Shares

Target Corporation(TGT.US) is projected to report quarterly EPS of $1.45 on $23.34 billion revenue before the open, with shares down 0.8% after-hours to $126.20, reflecting investor caution over consumer spending, margins, and competitive pressures in the big-box retail segment. Read in detail>>

Roblox Announces $3 Billion Buyback

Roblox Corp. Class A(RBLX.US) unveiled a $3 billion share repurchase program, sending shares up 2.8% after-hours to $45.71, signaling management confidence in long-term growth, providing capital-return support, and potentially offsetting dilution from stock-based compensation in the gaming platform’s equity structure. Read in detail>>

Lowe’s Earnings Seen Supporting Stock

Lowe's Companies, Inc.(LOW.US) is expected to post quarterly EPS of $2.97 on $22.97 billion revenue before the open, with shares up 1% after-hours to $220.50, as investors anticipate stable home improvement demand and disciplined cost control amid a moderating US housing and renovation cycle. Read in detail>>

Wunong Surges On AI Funding Deal

Wunong Net Technology Co. Ltd.(WNW.US) soared 97% after securing a $15.65 million private placement of 25 million shares to fund an AI-powered skincare management platform, extending gains in after-hours trading and drawing speculative interest despite its historically volatile 52-week price range. Read in detail>>

Cava Rallies On Strong Earnings, Guidance

CAVA Group, Inc.(CAVA.US) reported Q1 revenue of $438.27 million and adjusted EPS of $0.20, beating forecasts, with same-restaurant sales up 9.7% and 20 new openings, prompting raised 2026 guidance for comps, EBITDA of $181–191 million, and 75–77 new restaurants. Read in detail>>

Keysight Jumps On Record Results, Outlook

Keysight Technologies Inc(KEYS.US) gained after posting Q2 EPS of $2.87 and revenue of $1.72 billion, sharply above last year’s $1.31 billion, achieving record orders, earnings, and free cash flow, and raising Q3 guidance above Wall Street on strong demand trends and prior strategic investments. Read in detail>>