US PRE-MARKET MOVERS: Mag-7, ORCL, BABA/JD/PDD, CAT, INTC, DAN/ETN

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[WATCH LIVE]: ECB Governing Council Press Conference

SpaceX IPO said to draw more than USD 70bln in retail orders

US PRE-MARKET MOVERS: Mag-7, ORCL, BABA/JD/PDD, CAT, INTC, DAN/ETN

Elliott is reportedly mulling a takeover of Very for GBP 2bln, Sky News reports

US Core PPI YoY (May) Y/Y 4.9% vs. Exp. 5.3% (Prev. 5.2%, Low. 5%, High. 5.5%)

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ES +0.2% NQ +0.5% RTY+0.5%

  • Mag-7: TSLA +0.7% NVDA +0.6% AMZN +0.4% AAPL +0.2% META -0.2% GOOGL -0.2% MSFT -0.3%
  • ORCL -9%: Higher-than-exp. FY27 capex plans & is toraise more money to finance AI buildout outweighed strong Q metrics
  • BABA -4.5% JD -1.5% PDD -1.3%: Beijing’s market regulator summoned them, ByteDance & Xiaohongshu over alleged misleading “618” sales promotions
  • CAT +2.2%: Raised Q div. 8% to $1.63/shr
  • INTC +5.5%: Double upgraded to ‘Buy’ from ‘Underperform’ at BofA
  • DAN -5.5% ETN +3.3%: Dana to combine with Eaton's Mobility business headlines

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