01 Stock Market
As of Aug 7, U.S. stock index futures performed as follows: Dow-linked contracts edged 0.10% higher, S&P 500 minis added 0.23%, and Nasdaq 100 futures outpaced with a 0.54% gain, suggesting a firmer open for growth names after a choppy week dominated by earnings announcements and positioning ahead of key labor-market data.
Notable Stock Movers: Physician-network platform DOCS up 84.98% at $38.22 after upbeat guidance lifted sentiment toward digital-health platforms. Optical-components maker AAOI up 10.60% at $137.38 as demand forecasts exceeded production capacity. Chip heavyweight NVDA up 0.52% at $220.12, extending its recent rally on sustained AI momentum. Advertising-technology group TTD down 28.24% at $12.68 following a revenue shortfall that rattled the broader digital-ad cohort.
Futures gains reflect hopes that mega-cap technology strength can offset pockets of post-earnings weakness. Traders are balancing resilient consumer-spending signals against cautious corporate outlooks and the prospect of tighter financial conditions later in the year. With the July employment report due shortly, pre-market flows suggest a preference for quality growth and select AI-linked hardware while profit warnings remain a drag on discretionary names.
02 Other Markets
• 10-year U.S. Treasury yield fell 0.22%, to 4.66%.
• U.S. Dollar Index fell 0.10% to 99.86.
• WTI crude oil futures fell 0.84% to 76.64 USD/barrel; COMEX gold futures rose 1.92% to 4,382.10 USD/ounce.
03 Key News
1. Under Armour reported a 3% revenue decline but beat profit estimates, reaffirming its full-year earnings view. Management cited softer demand in North America and Asia-Pacific yet highlighted tariff refunds and expense controls that supported margins, guiding for mid-single-digit percentage sales contraction but stable profitability.
2. The White House will meet global mining executives to secure critical-mineral supplies for defense industries. Planned commercial agreements with producers such as Rio Tinto, BHP and MP Materials aim to strengthen U.S. access to rare-earths, driving pre-market gains across the specialty-mining space.
3. Alphabet launched a multi-tranche bond sale targeting up to $25 billion to fund expanded AI infrastructure spending. Proceeds may repay existing debt and support capital-expenditure plans that were recently raised to as much as $205 billion, underscoring Big Tech’s aggressive data-center investment cycle.
4. South Korea’s SK Hynix declared a 375-won dividend and is reviewing additional shareholder-return policies. The memory-chip maker indicated details will be finalized in the third quarter, aligning with industry moves to balance capex needs and investor payouts.
5. The Trade Desk posted lower-than-expected quarterly revenue, triggering steep pre-market selling. Investors reacted to slowing ad-tech growth despite management’s optimistic commentary on data-driven marketing demand, sending shares sharply lower ahead of the opening bell.
6. Atlassian delivered a robust earnings beat and lifted fiscal-year revenue targets, spotlighting cloud-migration strength. The collaboration-software provider pointed to accelerating enterprise adoption of its platform, projecting double-digit growth in subscription income.
7. Airbnb raised its full-year revenue outlook on resilient international travel demand and AI-driven platform enhancements. The company cited healthy cross-border bookings and stable lead times, anticipating third-quarter sales to top Wall Street estimates.
8. Microchip Technology exceeded fiscal Q1 expectations and guided for stronger Q2 results while announcing an embedded-AI acquisition. Management forecast higher earnings and revenue, attributing momentum to industrial and automotive demand and its planned purchase of Hailo to expand AI capabilities.
9. Applied Optoelectronics swung to profitability and projected capacity-constrained growth through mid-2027. The optical-networking specialist sees sustained orders outpacing output, supporting margins despite mixed reaction to its wide Q3 earnings range.
10. CleanSpark and Marathon Digital reported double-digit revenue declines as they shift toward AI-oriented infrastructure services. Both Bitcoin miners highlighted rising high-performance-computing projects and power-expansion plans to offset cryptocurrency-price volatility.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.
