U.S. stock futures are indicating a lower open as President Donald Trump departs the G7 summit amid escalating tensions between Israel and Iran. The Nasdaq, Dow Jones, and S&P 500 futures are down around 0.5%, with oil futures seeing a 2% increase. Gold futures remain stable, while Bitcoin is trading below $106,000 and the 10-year Treasury note yield is lower.
Amazon has announced an extension of its Prime Day event to four days, starting on July 8 and running through July 11. The move comes after last year’s Prime Day set record sales figures. Amazon shares are down about 1% in premarket trading.
Meta Platforms has unveiled plans to introduce ads on WhatsApp, marking a significant shift from the platform’s previous ad-free policy. With a daily user base of 1.5 billion, this move is expected to boost Meta’s advertising revenue. Meta shares are slightly lower in premarket trading after a 3% jump the previous day.
Palantir Technologies shares are on the rise after reaching a new all-time high for the second consecutive session. The company’s strong performance is attributed to its expanding government contracts, particularly with the U.S. government. Palantir’s stock has surged by 87% this year.
Oracle has launched a program aimed at helping smaller tech vendors sell their products to the Defense Department more efficiently. The Oracle Defense Ecosystem is designed to simplify the complex procurement processes and qualification standards required for vendors to enter the Defense Industrial Base. Oracle shares, up over 25% this year, are down about 0.5% in premarket trading.
Investors are closely monitoring these developments as they navigate the current market landscape. With geopolitical tensions and corporate strategies shaping market dynamics, staying informed is crucial for making informed investment decisions. The global economic outlook remains uncertain, and understanding these key market movements is essential for investors seeking to navigate these challenging times.
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