US pre-market news at a glance: "ADP" beats expectations; Trump concept trades fall across the board; anti-data center forces gain momentum.
November 4, key pre-market news for US stocks on Wednesday is as follows:
1. Democrats regain control of Congress, Trump's administration under heavy pressure. Trump-related concept trades fell across the board.
2. US "mini non-farm payrolls": October ADP employment increased by 86,000, higher than market expectations.
3. US quarterly refunding size set at $125 billion, in line with expectations.
4. US pre-market computing power cloud sector fell sharply, CoreWeave down 9.53%, anti-data center forces gained ground after the midterm elections.
5. Brent crude fell below the $100/barrel integer mark for the first time since October 8, down 3.60% intraday.
6. Super Micro Computer rose as much as 9% pre-market, Q1 revenue nearly tripled year-on-year to $19.9 billion.
7. Tesla fell more than 4% pre-market, pressured by both Republican election losses and South Korean FSD complaints.
8. Google plans to invest $15 billion to expand its Malaysia data center business.
9. Qualcomm signed a multi-year agreement with SpaceX to build tens of thousands of base stations for its 5G network.
10. Meta Platforms issued euro bonds for the first time, attracting record €53 billion in subscription demand.
11. AMD rose as much as 7% pre-market, Q3 revenue $13.38 billion, up 45% year-on-year.