01 Stock Market
As of May 5, U.S. stock index futures performed as follows: Dow Jones Industrial Average futures added 0.32%, S&P 500 futures increased 0.37%, and Nasdaq 100 futures advanced 0.57%, hinting at a tentative recovery after the prior session’s pullback as investors weighed fresh earnings reports against lingering geopolitical risks.
Notable Stock Movers: MU up 4.40% at $601.79; INTC up 3.62% at $99.25; NVDA up 0.02% at $198.52; AMD up 1.87% at $347.94; PLTR down 2.83% at $141.90; leveraged play SOXL up 3.74% at $132.32.
Strength in memory and AI-centric semiconductors contrasts with mixed moves among mega-cap tech and select software names, suggesting traders are selectively positioning for upcoming results and supply-chain updates rather than embracing a broad risk rally.
02 Other Markets
• 10-year U.S. Treasury yield fell 0.18%, to 4.44%.
• U.S. Dollar Index rose 0.0386% to 98.50.
• WTI crude oil futures fell 2.35% to 103.92 USD/barrel; COMEX gold futures rose 0.80% to 4569.70 USD/ounce.
03 Key News
1. Shopify beat revenue forecasts yet flagged cost pressures, triggering a pre-market share decline. Management cited resilient e-commerce demand but warned that higher operating expenses tied to global tensions could weigh on margins, prompting cautious investor reaction.
2. Coinbase will trim about 14% of its global workforce to streamline operations, lifting its stock ahead of the opening bell. Executives said the staff reduction aims to bolster profitability and enhance flexibility as the exchange navigates evolving regulatory headwinds.
3. PayPal surpassed earnings and revenue estimates on solid payment volume growth, sending shares higher before the open. The company credited robust consumer spending for an 8% jump in total payment volume and outlined efficiency measures targeting $1.5 billion in cost savings.
4. Palantir raised its full-year revenue outlook following strong demand for its AI-powered analytics platforms. Continued uptake from defense and commercial clients supports accelerated growth, though a slower pace in U.S. commercial sales tempered initial enthusiasm.
5. Intel advanced after reports that Apple is in early talks with Intel and Samsung to manufacture future device processors in the United States. A potential supply agreement would diversify Apple’s chip sourcing and bolster Intel’s foundry ambitions, though discussions remain preliminary.
6. Bullish agreed to acquire Equiniti for $4.2 billion in cash, debt assumption and stock to expand its payment-processing reach. The crypto exchange aims to integrate Equiniti’s transfer-agent capabilities, but investors marked the shares lower as they assessed regulatory and integration hurdles.
7. Circle gained on bipartisan progress toward the CLARITY Act, which preserves usage-based stablecoin rewards while limiting passive yield programs. Analysts said the compromise reduces regulatory uncertainty for large issuers and could accelerate traditional-bank participation in digital-asset markets.
8. HSBC reported flat profit but warned of higher credit losses amid a weaker outlook, pressuring its shares. Increased provisions linked to Middle East exposures and a sizable U.K. securitization charge led the bank to lift its full-year risk-cost guidance.
9. The Reserve Bank of Australia raised its policy rate by 25 basis points to 4.35% to counter persistent inflation. Officials indicated readiness to act again if energy-price shocks and regional conflicts continue to feed price pressures, reinforcing a global trend toward tighter monetary stances.
10. Tesla disclosed that its supervised Full Self-Driving fleet has surpassed 10 billion miles, advancing its autonomy data edge. Management said the volume of real-world driving information will enhance forthcoming software updates, though regulatory approvals remain pivotal for fully driverless deployment.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.
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