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

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