US PRE-MARKET MOVERS: Mag-7, BX, AKAM, ADI, HD, STUB

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The Iranian sailors arrested by US last April were transferred to Pakistan, Al Arabiya reports citing sources; will return to Tehran on Thursday

BCB Director David says de-anchored inflation expectations forced higher rates for longer; adds monetary policy remained effective despite credit stimulus

US PRE-MARKET MOVERS: Mag-7, BX, AKAM, ADI, HD, STUB

US ADP Employment Change Weekly 42.25K (Prev. 33K)

"Severe earthquake in Lorestan province", Iran, Mehr News reports; reports suggests 4.6 magnitude

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ES -0.4% NQ -0.8% RTY -0.5%

  • Mag-7: MSFT +1% GOOGL +0.4% META -0.5% AAPL -0.6% AMZN -0.7% NVDA -0.9% TSLA -1.2%
  • BX +0.8%: Google & BX plan to create a US AI cloud Co. using Google’s specialised chips
  • AKAM -3.8%: Will offer $1.3bln of 0% convertible senior notes due 2030 & $1.3bln due 2032
  • ADI -1.5%: In advanced talks to acquire Empower Semiconductor for $1.5bln in cash
  • HD -0.5%: Top & bottom line beat but SSS missed; Backed FY guidance
  • STUB +6%: Upgraded at Guggenheim

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