Global markets are showing weakness in pre-market trading, with futures mixed but leaning negative. The primary driver is a surge in oil prices and rising bond yields, fueled by escalating geopolitical tensions that are weakening investor sentiment.
Stocks to Watch:
- Dell Technologies Inc. surged over 9% pre-market after beating Q2 earnings and raising its full-year guidance, driven by strong AI server demand.
- MongoDB Inc. plunged nearly 14% in pre-market trading despite reporting better-than-expected Q2 results.
- CrowdStrike Holdings, Inc. jumped 6% to a new 52-week high following positive announcements at its annual conference.
- Broadcom Inc. is scheduled to report its Q3 earnings after the market closes today.
Looking ahead, traders will monitor today's ADP employment report, factory orders, and EIA crude inventory data for further market direction.