01 Stock Market
As of Oct 27, U.S. stock index futures performed as follows: Dow Jones futures rose 0.26% to 52,686.00; S&P 500 futures rose 0.28% to 7,735.75; and Nasdaq 100 futures rose 0.38% to 29,549.25. The tone was constructive across major contracts, with the tech-heavy Nasdaq 100 showing the strongest lift among the three. That setup pointed to continued interest in growth and AI-linked names, while broader index support remained steady.
Notable Stock Movers: Among the most active names, SoFi Technologies up 10.31% at $15.95, Micron Technology up 2.28% at $924.31, Broadcom up 2.35% at $336.91, Advanced Micro Devices up 1.58% at $539.70, NVIDIA up 0.66% at $217.43, Apple down 0.40% at $342.53, and Microsoft down 0.75% at $528.60. In event-driven moves, Boeing up 1.6% in premarket after reporting a quarterly loss but highlighting certification progress and defense wins; Corning up 3.5% after forecasting fourth-quarter sales and earnings above estimates; UPS up 2% after raising full-year revenue and profit targets; Coca-Cola up 1.3% after lifting its profit outlook; Centene up more than 5% after raising its profit forecast; PayPal down 1.2% after lifting guidance; and Galaxy Digital up 7.7% after swinging to quarterly profit.
Broader stock action also showed strength in several AI, chip, and data-center related names, including NEBIUS up 3.26% at $158.26, CoreWeave up 3.39% at $57.06, Marvell Technology up 1.09% at $236.32, and Vertiv up 1.89% at $203.56. On the downside, NetEase fell 3.65% to $114.00, Zai Lab fell 5.30% to $23.05, and Hesai Group fell 3.29% to $13.24. Overall, pre-bell trading favored semiconductor, cloud, and infrastructure exposure while some consumer internet and biotech names lagged.
02 Other Markets
• 10-year U.S. Treasury yield fell 0.32%, to 4.97%.
• U.S. Dollar Index rose 0.2059% to 102.21.
• WTI crude oil futures fell 0.68% to 101.07 USD/barrel; COMEX gold futures fell 12.40 USD/ounce to 4026.00 USD/ounce.
03 Key News
1. Boeing reported a quarterly loss as commercial airplane challenges weighed on results. The company said weaker jetliner deliveries and higher production costs pressured the commercial airplane division, even as certification progress and defense wins supported its turnaround narrative. The report also highlighted another quarter of free cash flow, which may help offset investor concern over the commercial segment’s margin pressure.
2. Galaxy Digital swung to a quarterly profit after completing a large financing deal for its Helios expansion. The company said it posted net income after a prior-quarter loss, while revenue declined sharply from a year earlier. It also completed a multi-billion-dollar senior secured notes offering to fund construction, and management said the project remains on schedule and within budget.
3. PayPal raised its annual profit forecast as its turnaround showed further progress. The company said improving margins and stronger execution supported the upgrade, although quarterly revenue came in slightly below expectations. Management also said it remains on track to deliver substantial cost savings through workforce reductions and management cuts.
4. Corning forecast stronger fourth-quarter sales and earnings after solid results in optical communications and solar. The company said it secured four long-term customer agreements and saw robust demand for enterprise network and generative AI products. It also pointed to favorable trade action and stronger U.S.-made solar demand as key supports for the outlook.
5. Coca-Cola lifted its annual profit forecast on resilient demand for premium drinks and zero-sugar products. The company said sales benefited from pricier beverages and smaller-value packs, which helped it navigate selective consumer spending. Management also cited product mix and recent demand trends as reasons for the improved outlook.
6. Centene raised its profit forecast after cost controls and better pricing improved results. The insurer said higher premium revenue and lower-than-expected medical costs helped offset weaker membership trends. It also lowered its expected medical cost ratio, signaling improved operating discipline in core government and Obamacare plans.
7. UPS raised its revenue and profit outlook after shifting toward higher-margin shipments. The company said it is trimming lower-profit delivery volume for its largest customer while focusing on international air freight and other more lucrative business. Management framed the move as part of a broader effort to improve margins and cut costs.
8. General Motors said it will move its common stock listing to Nasdaq. The automaker said it expects the transfer to take effect in November and will keep its current ticker symbol. The move changes the trading venue but not the company’s underlying business operations.
9. Nvidia said it will invest in Meta and expand hardware deployment for AI collaboration. The chip maker said the investment is part of a broader relationship that could deepen technological cooperation between the two companies. The agreement also appears designed to strengthen Nvidia’s position within Meta’s evolving AI infrastructure plans.
10. The Trump administration plans to ease methane rules for oil and gas wells. A U.S. official said the proposed rollback is aimed at lowering production costs and supporting domestic energy output. The policy move follows industry lobbying and could affect compliance costs across the upstream energy sector.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.
