US PRE-MARKET MOVERS: AVGO, SNDK/NVDA, CRWD, FUTU, AMZN, PVH, COST, MANU
"A trusted source for Al-Arabiya: a proposal to create a special fund to deposit frozen Iranian funds is under study", Al-Arabiya reports
As part of a bid to win a submarine contract, South Korea offers hydrogen freight trucks and charging stations in Canada, Canada CTV reports
US PRE-MARKET MOVERS: AVGO, SNDK/NVDA, CRWD, FUTU, AMZN, PVH, COST, MANU
Italy PM Meloni says Italy received a EUR 12.8bln installment of NextGenerationEU funds
Newsquawk Preview: US Nonfarm Payrolls are due on 5th June at 13:30BST/08:30EDT
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ES -0.4% NQ -1.2% RTY +0.3%
- AVGO -14%: Rev. missed as did next Q semiconductor rev. from AI guidance; as a result, MU -6.5% AMD -4% INTC -4% QCOM -4.5% MRVL -6.2%
- SNDK -5% NVDA -1.1%: Weighed on by AVGO & SK Hynix telling investors its proposal to list in the US has received a very positive response from shareholders
- CRWD -10%: Q metrics narrowly beat & underwhelming guidance, that was only roughly in line
- FUTU -4.5%: To reportedly restrict trading for accounts in Mainland China
- AMZN +1%: To invest over €10bln on European fulfillment centers
- PVH -22%: Updated guidance disappointed amid pressure on EMEA consumers from Middle East conflict
- COST +2.2%: May net sales jumped
- MANU +2.3%: Amid reports of Glazer Family possible sale of ownership stake
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