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US Pre-Market Brief: Microsoft Hit by Major Service Outage; Apple Adjusts Trade-In Prices for 7th Time in a Year

Nov 13, 21:13

November 13 — According to Cailian Press, here are the key US equity market news items investors should watch:

  1. The three major US stock index futures moved in a narrow range. Dow futures rose 0.16%, S&P 500 futures rose 0.21%, and Nasdaq 100 futures fell 0.12%.

  2. International oil prices were mixed. WTI crude futures fell 0.04% to $88.703/barrel; Brent crude futures rose 0.49% to $96.288/barrel.

  3. Spot gold and silver were mixed. Spot gold rose 0.24% to $3,886.74/oz; spot silver fell 0.28% to $49.90/oz.

  4. Europe's three major stock indices mostly fell. The UK's FTSE 100 rose 0.08%, France's CAC 40 fell 0.20%, and Germany's DAX 30 fell 0.14%.

  5. Multiple Microsoft applications, including Microsoft 365 and Outlook, suffered service outages. The disruption has lasted more than 10 hours, affecting at least tens of thousands of users. Microsoft said there are now initial signs of stabilization.

  6. Google released its new-generation AI model Gemini 4 Hydrogen, focusing on improving the speed and efficiency of everyday programming and of AI agents executing tasks. The new model has begun rolling out to users worldwide.

  7. AI chip company Cerebras said it has signed a cloud business cooperation agreement with Microsoft, with specific details to be announced next year. Cerebras jumped 15% in pre-market trading.

  8. Apple adjusted its trade-in prices for the seventh time in a year, with the largest changes for the iPhone Air and iPhone 17, whose prices rose by more than 5%. It also added trade-in recycling for several Samsung foldable phones.

  9. SpaceX plans to invest $74 billion in Arizona and Texas to build two supercomputing facilities to expand its computing capacity.

  10. Amazon is preparing a "World Commodity Graph" plan to collect data on nearly all goods for sale worldwide, aimed at defending against the traffic-diversion threat from third-party shopping AI assistants.

  11. The Fed's FOMC meeting in October next year will no longer hold votes on interest rate policy or issue a post-meeting policy statement; instead, it will specifically discuss long-term strategic issues of monetary policy.

  12. Bank of America said in its latest note that hedge funds previously forced to retreat during the strong US stock rally are now making a comeback, again stepping up short positions in interest-rate-sensitive stocks.

  13. The International Energy Agency (IEA) said that, driven by Gulf exports, the global oil market has shifted into oversupply.