US PRE-MARKET MOVERS: Mag-7, CRWV, MRVL, AA, DIS, CAT, STZ, APLD, ZS

The pre-market movers highlight a mixed sentiment in the tech and consumer sectors.

Newsquawk StaffPublished On the live feed at 9 more headlines followed before this page went public
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ECB's Sleijpen says the central bank will act if needed to keep inflation at target

Samsung to invest USD 4bln in chip packaging site in Vietnam

US PRE-MARKET MOVERS: Mag-7, CRWV, MRVL, AA, DIS, CAT, STZ, APLD, ZS

CoreWeave (CRWV) announces intent to offer USD 3.0bln aggregate principal amount of its convertible senior notes due 2032

EU officials say there are no imminent threats to gas supplies; long-term impacts are expected; early gas storage injections desirable to avoid end-summer rush

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ES -0.3% NQ -0.2% RTY -0.7%

  • Mag-7: AMZN +0.9% META +0.8% MSFT flat TSLA -0.3% AAPL -0.5% NVDA -0.7% GOOGL -0.8%
  • CRWV +8%: Co. & META announce $21bln expanded AI infrastructure agreement
  • MRVL +2%: Upgraded at Barclays
  • AA +1.1%: Upgraded at MS
  • DIS -0.3%: Planning to layoff as many as 1k employees in the coming weeks
  • CAT -0.7%: CFO to retire, effective 1st Oct.
  • STZ -0.8%: Withdrew FY28 outlook & pointed to subdued demand & ongoing uncertainty in op. environment
  • APLD -1.4%: Net loss widened from last year due to rising expenses & a charge tied to its cloud business
  • ZS -3%: Downgraded at BTIG
Context

Notable upgrades for Marvell Technology (MRVL) and Aluminum Company of America (AA) could bolster confidence, while expected layoffs at Disney (DIS) and a broader withdrawal of outlook from Constellation Brands (STZ) signal caution amidst industry challenges. Keep an eye on the Mag-7's performance as it reflects underlying tech trends and market direction.

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