1. Market Overview (Pre-Market)
S&P 500 futures: +0.9%
Nasdaq 100 futures: +1.1%
Dow Jones Industrial Average futures: +1.1%
MSCI World Index: +0.4%
Key driver:
Markets are moving higher as the Trump administration pushes for talks with
Iran, improving sentiment.
2. “Magnificent Seven” Performance
Alphabet: +1%
Amazon): +1%
Apple: +0.8%
Nvidia: +1.5%
Meta Platforms: +0.9%
Microsoft: +1.0%
Tesla: +1.8%
Summary:
Broad-based gains across mega-cap tech stocks.
Tesla leads among the group.
3. Major Individual Movers
Arm Holdings (ARM): +12%
• Plans to sell its own chips for the first time
• New business expected to generate ~$15B annually within 5 years
Blaize Holdings (BZAI): +42%
• Reported Q4 results
• Provided positive outlook, well received by analysts
Braze (BRZE): +21%
• Q1 revenue forecast above analyst estimates
• Also beat Q4 revenue expectations
Chewy (CHWY): +6%
• Reported Q4 results (positive reaction)
3.3 M&A Activity
Terns Pharmaceuticals (TERN): +5%
Being acquired by Merck & Co.
Deal value: $6.7 billion
