US pre-market news at a glance: Cloud providers' debt default protection costs soar, US stocks historically perform well after midterm elections.
November 3: Key pre-market news for US stocks on Tuesday is as follows:
1. Historical performance of US stocks after midterm elections: In the past 11 post-election periods, stocks rose without exception, with divided government more favored;
2. Debt default protection costs for the five major cloud providers rise to their highest since 2021, as AI investors rush to seek downside protection;
3. Hedge fund giant Elliott Investment Management says all bear market alarms are sounding, and the current market is highly similar to the pre-Great Depression era;
4. Anthropic's IPO is being pressed lower by investors, with valuation hoped to drop to $1.5 trillion and computing power commitments near $900 billion;
5. Marvell and Lumentum officially announce an all-stock acquisition agreement, with an implied enterprise value of about $115 billion;
6. Yesterday, US spot Bitcoin ETFs saw net outflows of $398.6 million, while Ethereum ETFs saw net outflows of $139.7 million.