Trump Pledges ‘Escort,’ Three Major US Stock Indexes Continue to Rise, BTC Rise Boosts Crypto Concept Stocks, Strategy Opens Up Nearly 5%.

TradingKey03-16 21:36

TradingKey - As of 9:30 AM ET, the three major US stock index futures rose collectively in pre-market trading.

Previously, Trump promised to provide "escorts" and pressured NATO allies, claiming that if NATO fails to assist the U.S. in ensuring normal navigation through the Strait of Hormuz, they will face "very bad" consequences.

Select star tech stocks mostly rose at the opening, with Micron Technology (MU.US) up over 4% and Intel (INTC.US) gaining nearly 4%.

The Magnificent Seven broadly rose at the open, with NVIDIA up over 1.5%, Apple up over 0.5%, Microsoft gaining over 0.5%, Tesla rising nearly 1.5%, Amazon up over 0.5%, Google climbing nearly 0.3%, and Meta surging nearly 3%.

Previously, tech giants continued to ramp up their stakes in the AI arms race. Meta Platforms (META.US) plans to collaborate with AI infrastructure company Nebius (NBIS.US) over the next five years, with spending reaching up to $27 billion. Boosted by this news, Nebius (NBIS.US) surged as much as 16% in US pre-market trading.

Crypto-related stocks strengthened collectively at the opening. Since last week, Bitcoin has delivered a stellar performance, leading global assets. Meanwhile, according to a disclosure by Strategy, it recently added 22,337 Bitcoins at an average price of approximately $70,200 per coin, involving an investment of about $1.57 billion. Driven by the rise in BTC, Strategy opened nearly 5% higher.

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