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US pre-market news at a glance: Cloud providers' debt default protection costs soar, US stocks historically perform well after midterm elections.

Nov 3, 22:00

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.