US Market Preview | TC Up 226%; Warsh Speech in Focus; Micron, SNDK Dip Pre-Market; Software Stocks Gain — ServiceNow +5%, Microsoft +2%
Micron Technology, Inc. MU | 0.00 | |
Sandisk Corporation SNDK | 0.00 | |
TuanChe Limited TC | 0.00 | |
Eason Technology Ltd. ADR DXF | 0.00 | |
707 Cayman Holdings JEM | 0.00 |
Most Important News
- Fed Chair Speaks: Warsh speaks at ECB forum.
- Gold Death Cross: Gold nears death cross signal.
- Micron Bets Big: Commits US$250 million to Trump accounts.
U.S. futures slipped on Wednesday as chipmakers came under pressure following a strong first half of the year.
As of 03:20 PM Riyadh Time, the index futures gains and losses are shown in the table below:
Micron Technology, Inc.(MU.US) fell 3% in premarket trading on Wednesday, while Sandisk Corporation(SNDK.US) shed more than 4%.
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As of 03:15 PM Riyadh Time, top pre-market movements are as follows:
Change | Price(US$) | Ticker |
|---|---|
226.0% | 6.03 | 🌙 TuanChe Limited(TC.US) |
161.8% | 0.96 | Eason Technology Ltd. ADR(DXF.US) |
119.6% | 8.72 | 🌙 707 Cayman Holdings(JEM.US) |
71.5% | 2.23 | Eshallgo Inc Class A(EHGO.US) |
69.2% | 0.56 | Golden Sun Education Group Limited(GSUN.US) |
66.8% | 4.95 | 🌙 Can-Fite BioPharma Ltd. Sponsored ADR(CANF.US) |
Iran Boasts Post-Sanctions Oil Exports
- US sanctions lifted; Iran exported over 40 million barrels of oil, per Parliament Speaker Ghalibaf.
- Speaker Ghalibaf says US and Iran agreed to transfer US$12 billion of frozen Iranian funds to the central bank.
- US crude output and exports peaked in April as the war disrupted Middle East supplies from the Persian Gulf.
- Oil prices fell as eurozone inflation slowed more than expected and Middle East peace talks advanced.
Trump's Crypto Haul Reaches US$1.4B
- Donald Trump has amassed US$1.4 billion in cryptocurrencies, while JD Vance disclosed Bitcoin holdings for the first time.
- Bitcoin fell 3.5% below US$60k as Strategy(MSTR.US) financing revamp triggers concern it may no longer support stable crypto demand.
- ARK Innovation ETF(ARKK.US) bought Coinbase(COIN.US) , Bullish(BLSH.US) , Circle , and Amazon, sold Alibabashares despite crypto weakness.
Gold Death Cross Nears
Gold nears a death cross with 45 years of data hinting rebound after short-term sell-off.
Egg price fixing probe
Three major US egg producers suspected of price manipulation amid soaring prices, risking anti-trust investigations.
Retail Investors Flee 'Magnificent 7'
Enthusiasm for trading top 7 US stocks dropped to a 4-year low, per Citigroup, as funds shift to ETFs.
Micron Bets Big on Trump Accounts
Micron Technology, Inc.(MU.US) committed US$250 million to Trump Accounts, matching US$1,000 per employee child and seeding US$250 for one million kids.
Tim Cook Flags 'Extreme Shortage'
Apple Inc.(AAPL.US) CEO warns of a '100-year flood' memory chip shortage, as Roundhill Memory ETF surges 173% to US$25B.
Microsoft To Lay Off Thousands
Microsoft Corporation(MSFT.US) will cut thousands of jobs in sales, consulting, and Xbox, affecting under 2.5% of its 220,000-person workforce.
Oracle Launches AI Supply Chain Agents
Oracle Corporation(ORCL.US) introduced agentic applications in Fusion Cloud SCM to automate inventory, supplier, and production workflows.
Getty Images Scraps Shutterstock Deal
Getty Images Holdings, Inc. Class A(GETY.US) board will terminate merger with Shutterstock after July 6, 2026, citing CMA demands, then redeem 10.5% senior secured notes due 2030.
707 Cayman Stock Skyrockets 154% After-Hours
707 Cayman Holdings(JEM.US) surged 154% after-hours following Robin Hoksnes Karlsen's appointment as executive director.
INLIF Stock Tumbles 44% After Reverse Split
INLIF Ltd.(INLF.US) announced a 1-for-200 share combination to support Nasdaq compliance. Shares fell 44% in after-hours trading.
XTL Completes Psyga Bio Acquisition
XTL Biopharmaceuticals Ltd. Sponsored ADR(XTLB.US) closed its Psyga Bio purchase, becoming a psychedelic medicine firm with a pipeline and GMP facility.
Nike Q4 2026 earnings miss on sportswear slump
- NIKE, Inc. Class B(NKE.US) reported flat FY26 revenue, with sportswear and Jordan Streetwear challenges offsetting mid-single-digit performance growth, and expects low to mid-single-digit revenue decline in coming quarters.
- Nike expects FY2027 revenue down low-to-mid single digits vs estimates of 0.4% rise, with Q1 down low-to-mid single digits.
- Nike Inc reported flat Q4 revenue of US$10.97B, with EPS inflated by a US$986M tariff benefit to just US$0.20 underlying, amid a multi-year turnaround.
NIO Q2 deliveries surge 49% YoY
NIO(NIO.US) delivered 107,658 vehicles in Q2 2026, up 49.4% year-over-year, with June deliveries of 40,597 vehicles. Cumulative deliveries reached 1,188,715 as of June 30, 2026.
| Riyadh Time | Event | Previous Value | Forecast Value |
|---|---|---|---|
| 02:00 PM | MBA 30-Year Mortgage Rate | 6.59% | — |
| 03:15 PM | ADP Employment Change | 122K | 105.0K |
| 04:00 PM | Fed Chair Warsh Speech | — | — |
| 05:00 PM | ISM Manufacturing PMI | 54.0 | 53.6 |
| 05:00 PM | ISM Manufacturing Employment | 48.6 | 49 |
| 05:30 PM | EIA Crude Oil Stocks Change | -5.1M | — |
| 05:30 PM | EIA Gasoline Stocks Change | -0.95M | — |