【US Pre-Market】US Stock Futures Rise Across the Board, Celestica Surges Over 15%, Gold Fluctuates Around $4,000, Bitcoin Drops Below $80,000 Level

TradingKey - Futures tied to the three major US stock indexes rose across the board premarket on October 27, Eastern Time. As of press time, Dow futures were up slightly by 0.21%, S&P 500 futures gained 0.23%, and Nasdaq 100 futures rose about 0.34%.

[Source: Investing]

Among individual stocks, Tesla (TSLA) gained nearly 1% premarket, following a rally of over 5% in the previous session due to a Barclays rating upgrade. Shares of Meta Platforms (META) were largely flat premarket after the company raised its planned equity financing to $97.5 billion to support AI expansion.

Meanwhile, chip stocks such as Nvidia (NVDA), Intel (INTC), and Marvell Technology (MRVL) generally rose premarket.

In commodities, international oil prices rebounded slightly after dropping in the previous session. As of press time, Brent crude (UKOIL) was trading at $109.96 per barrel, while WTI crude (USOIL) stood at $100.71 per barrel. Middle East tensions and energy supply risks continued to influence oil price movements.

Gold (XAUUSD) briefly fell below $4,000 and is currently trading at $4,009 per ounce, while Bitcoin dropped below $80,000 to trade at $79,854.7. Investors are focusing on the Fed's rate decision and earnings reports from major tech companies to assess the direction of monetary policy and AI investment returns.

Market Movers

Celestica (CLS) rose over 15% pre-market, with third-quarter results beating expectations.

Celestica surged approximately 15.8% in pre-market trading. The company reported third-quarter 2026 revenue of $5.83 billion, up 83% year-over-year; non-GAAP adjusted earnings per share came in at $3.30, compared to $1.58 in the prior-year period. Both revenue and adjusted EPS exceeded the upper bound of its previous guidance. In addition, the company raised its full-year 2026 revenue guidance to $21 billion and provided a 2027 revenue target of $40 billion for the first time.

Celestica provides hardware platforms, manufacturing, and supply chain services for data centers and advanced technology sectors. As AI data center expansion continues, the company's performance reflects growing demand for related infrastructure. However, close attention should still be paid to order fulfillment, margin trends, and the execution of its 2027 financial targets going forward.

HSBC Holdings (HSBC) fell over 6% pre-market.

HSBC's share price dropped about 6.75% in pre-market trading after reporting its third-quarter results. Revenue for the quarter came in at $18.62 billion, below the market expectation of $19.16 billion; earnings per share stood at $0.42, also significantly missing analysts' consensus of $2.21. Although pre-tax profit grew 32% year-over-year to $9.6 billion, it still fell slightly short of market expectations.

The results show that while HSBC's overall earnings continued to grow, the reported figures failed to meet market expectations. Moving forward, investors will monitor the performance of its wealth management business, net interest income, credit impairments, and full-year guidance to assess whether profit growth is sustainable.

Market News

Fed Meets This Week as Interest Rate Path Takes Center Stage

The Federal Reserve will hold its monetary policy meeting from October 27 to 28 and announce its interest rate decision on October 28 Eastern Time. The market widely expects rates to remain unchanged, with investors focusing closely on the policy statement and subsequent signals regarding rate cuts.

Earnings from major tech companies will also be released throughout this week. If the Fed delivers a hawkish signal, it could increase pressure on high-valuation tech stocks; if the policy decision aligns with expectations, market focus may shift to corporate earnings and returns on AI investments.

Anthropic Files for IPO, Planning to List Under Ticker ANT

Anthropic submitted its Form S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) on October 26, planning to list on the Nasdaq Global Select Market under the ticker symbol ANT. The company has not yet disclosed the number of shares to be offered or the proposed price range.

This filing will subject Anthropic's revenue growth, computing power expenditures, and financial performance to further public market scrutiny. Going forward, investors should keep an eye on the IPO valuation, fundraising size, revenue growth, and operating losses to gauge how high a valuation the market is willing to pay for AI model companies.

Meta Seeks $97.5 Billion Financing to Expand AI Infrastructure, Nvidia to Invest $3 Billion

Meta increased its equity financing plan to up to $97.5 billion, including a $37.5 billion public offering and an at-the-market (ATM) offering program of up to $60 billion. Within the public offering, the common stock offering size was raised from $22.5 billion to $25 billion at an offering price of $625 per share, alongside $12.5 billion in depositary shares of mandatory convertible preferred stock.

Nvidia (NVDA) plans to invest $3 billion to subscribe for Meta shares. AMD and Broadcom have also expressed interest in participating, with the combined subscription interest of the three companies reaching up to $5 billion.

This financing will provide funds for the expansion of AI infrastructure, but the new shares may also dilute existing shareholder equity. Going forward, attention should be paid to AI business revenue growth, free cash flow, and returns on capital expenditures.

Microsoft, Alphabet, and Amazon Set to Report Earnings as Returns on AI Investments Face Scrutiny

Microsoft (MSFT) and Alphabet (GOOGL) are expected to report quarterly results after market close on October 28, while Amazon (AMZN) is scheduled to release its earnings report on October 29.

Investors will focus on revenue growth at Microsoft Azure, Google Cloud, and Amazon AWS, as well as AI capital expenditures, cloud service demand, and profitability. As data center investments continue to escalate, the market needs to see AI demand gradually translate into revenue and cash flow.

The earnings results and management guidance of the three companies may also impact market expectations for AI supply chain companies such as Nvidia, Broadcom, and Micron (MU).

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