US Market Preview | USDE Up 97.1%; Job Lower Than Est.; OpenAI Eyes 5% Gov’t Stake; US Markets Closed Friday
StablecoinX Inc. Class A USDE | 0.00 | |
CaliberCos, Inc. Class A CWD | 0.00 | |
Wheeler Real Estate Investment Trust, Inc. WHLR | 0.00 | |
Big Tree Cloud Holdings Limited DSY | 0.00 | |
Tenon Medical, Inc. TNON | 0.00 |
Most Important News
- Job Lower Than Est.;
- SK Investment: US$64B stake in South Korea AI;
- OpenAI Stake: Eyes 5% government equity stake;
U.S. stock futures were little changed Thursday as investors awaited key employment data that could influence the Federal Reserve’s decision-making on monetary policy.
As of 03:20 PM Riyadh Time, the index futures gains and losses are shown in the table below:
The June jobs report is set for release at 8:30 a.m. ET. Economists polled by Dow Jones expect 115,000 jobs were added last month. That, however, would be a decline from the 172,000 jobs created in May. The unemployment rate is forecast to have stayed at 4.3%.
US markets close Friday for Independence Day.
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As of 03:20 PM Riyadh Time, top pre-market movements are as follows:
Change | Price(US$) | Ticker |
|---|---|
97.1% | 4.1 | StablecoinX Inc. Class A(USDE.US) |
84.5% | 1.19 | CaliberCos, Inc. Class A(CWD.US) |
65.7% | 1.64 | Wheeler Real Estate Investment Trust, Inc.(WHLR.US) |
45.1% | 4.18 | Big Tree Cloud Holdings Limited(DSY.US) |
35.3% | 0.44 | 🌙 Tenon Medical, Inc.(TNON.US) |
35.1% | 0.16 | 🌙 Liminatus Pharma(LIMN.US) |
34.0% | 0.56 | SurgePays Inc(SURG.US) |
US June Jobs Growth Tumbles to 57K, Well Below Forecasts
U.S. nonfarm payrolls rose by just 57,000 in June, significantly missing the 110,000 consensus, signaling a sharp labor market slowdown.
Warsh's Fed Policy Shift Sparks Volatility Fears
- New Fed Chair Kevin Warsh's plan to reduce forward guidance and public communication may increase US Treasury market volatility, Wall Street warns.
- Kevin Warsh said inflation risks have declined recently, reaffirming commitment to the US 2% target and price stability.
- Federal Reserve Chairman Warsh promised to adopt a data-driven decision model within one year, optimizing policy-making with new data types.
Oil Prices Fall On US-Iran Talks
- Crude oil prices declined for a fourth straight week as US-Iran nuclear negotiations showed positive progress, easing supply concerns.
- Saudi Aramco increased crude production at Ras Tanura, shifting to spot sales; five VLCCs carried 10M barrels through the Strait of Hormuz to Asia.
- OCBC Bank lowered crude forecasts through Q2 2027 as Strait of Hormuz supply recovers under US-Iran deal, pushing Brent to US$71-US$75/barrel.
Chip Rout Hits Asia
Samsung and SK Hynix shares sank over 9% after Wall Street semiconductor stocks plunged.
Yen Surge Rattles Markets
Rabobank warns yen's sudden rise heightens tensions before Friday's US holiday, leaving investors uneasy.
SK Hynix Stakes US$64B on South Korea AI Push
SK Hynix will invest 100 trillion won to build memory and packaging facilities in South Korea, boosting semiconductor and AI infrastructure.
Top Tech Analyst Dan Ives Exits Wedbush
Ives leaves Wedbush Securities to launch an all-in-one merchant bank mixing research, advisory, capital raising, and investing.
OpenAI Eyes 5% Gov't Stake
OpenAI plans a 5% equity stake for the Trump administration, with other AI firms likely to follow.
SoftBank's US$10B Loan Talks With AI Collateral
SOFTBANK GROUP CORP(SFTBY.US) restarted negotiations to borrow US$10B from lenders, using OpenAI shares as collateral after prior stalling over valuation concerns.
Nvidia backs GPU purchases
NVIDIA Corporation(NVDA.US) will guarantee GPU procurement and take a cut from cloud revenue, using its strong balance sheet.
Qualcomm Surges on SpaceX AI Deal
QUALCOMM Incorporated(QCOM.US) shares rose up to 3.4% after SpaceX uses Qualcomm Snapdragon chips in new prototype AI device.
Trump Praises Micron's US$250M Pact
- Micron Technology, Inc.(MU.US) commits US$250M to Trump Accounts, CEO notes over US$200B US investment, creating 90,000+ jobs.
- Trump Accounts will launch next week without firms hosting children's savings accounts, per Semafor.
Hims Gets US$400M JPMorgan Deal
Hims & Hers Health(HIMS.US) signed a US$400 million receivables purchase facility with JPMorgan Chase, allowing cash for eligible receivables, effective July 1, 2026.
Liminatus Pharma Stock Spikes 30%
Liminatus Pharma(LIMN.US) shares rose 30.49% to US$0.15 after amending its merger with InnocsAI LLC, fast-tracking closing to Thursday.
707 Cayman Soars on AI-Blockchain Plan
707 Cayman Holdings(JEM.US) surged 27% after-hours to US$4.08 after announcing a new AI and blockchain supply-chain platform.
Jim Cramer on Meta AI Cloud Business Plan
Meta Platforms(META.US) shares surged 8.81% as its Meta Compute initiative aims to monetize AI infrastructure, with Jim Cramer calling this move worth US$100 per share.
| Riyadh Time | Event | Previous | Consensus | Forecast |
| 03:30 PM | Non Farm Payrolls JUN | 172K | 110K | 110.0K |
| 03:30 PM | Unemployment Rate JUN | 4.3% | 4.3% | 4.3% |
| 03:30 PM | Average Hourly Earnings MoM JUN | 0.3% | 0.3% | 0.2% |
| 03:30 PM | Average Hourly Earnings YoY JUN | 3.4% | 3.5% | 3.4% |
| 03:30 PM | Initial Jobless Claims JUN/27 | 215K | 220K | 210.0K |
| 03:30 PM | Participation Rate JUN | 61.8% | 61.7% | |
| 05:00 PM | Factory Orders MoM MAY | 4.8% | -1.8% | -1.7% |