Pre-Bell | Wall Street Futures Dip; L3Harris Up 12%; Intel Up 3%; AMD Up 2%; PDD And Delta Airlines Fell 5%

01 Stock Market

As of Jan 13, U.S. stock index futures are trending softer, with the E-mini Dow futures falling 0.12%, E-mini Nasdaq 100 futures falling 0.31%, and E-mini S&P 500 futures falling 0.17%. The tone reflects caution around policy and geopolitical headlines, with tech leadership intact but selective profit-taking evident. Traders are parsing AI platform news and regulatory risks, while semiconductors and large-cap tech remain key barometers of pre-bell direction.

Notable Stock Movers: Semis and megacaps showed mixed moves, while several Chinese ADRs softened. LHX up 12%; AMD up 1.70% at $211.23; INTC up 3.50% at $45.60; NVDA up 0.17% at $185.26; GOOG up 0.65% at $334.88; GOOGL up 0.68% at $334.12; AAPL fell 0.53% at $258.86; TSLA fell 0.04% at $448.76; QCOM fell 1.65% at $166.47; MP up 3.55% at $67.66; SLV up 0.69% at $77.76; AGQ up 1.28% at $225.34; PDD fell 5.09% at $112.69; BABA fell 1.38% at $164.01; XPEV fell 1.75% at $21.33; DAL down 5%.

Semiconductor resilience aligns with ongoing AI infrastructure momentum, while platform news around Apple and Alphabet influences large-cap tech sentiment. Chinese EV and e-commerce ADRs reflect Europe trade-policy uncertainty and tariff headlines, contributing to softer pre-market prints in PDD, BABA, and XPEV. Meanwhile, silver proxies (SLV, AGQ) continue to attract haven interest alongside commodity-cycle narratives, with rare earth exposure (MP) bid on supply-chain and electrification themes.

02 Other Markets

• 10-year U.S. Treasury yield rose 0.24%, to 4.20%.

• U.S. Dollar Index rose 0.06% to 98.95.

• WTI crude oil futures rose 1.85% to 60.60 USD/barrel; COMEX gold futures fell 0.39% to 4596.90 USD/ounce.

03 Key News

1. Apple partnered with Alphabet’s Gemini to power next-generation Siri, enhancing Apple Intelligence capabilities. The collaboration brings frontier-model integration into Apple’s ecosystem, supporting a more personalized assistant. Investors see scope for new services and monetization avenues as AI features extend across devices and the cloud.

2. NVIDIA said no upfront payment is required for H200 chips, easing customer risk amid regulatory uncertainty. The company emphasized it does not require payment for products not delivered, addressing concerns around shipment approvals. Clearer terms could support customer procurement plans and stabilize AI server rollouts.

3. Meta plans to cut roughly 10% of Reality Labs staff, refocusing spend across core platforms and AI initiatives. Roles tied to metaverse hardware and virtual social networks are expected to be affected. Streamlining may improve operating efficiency and align resources with higher-return software and AI priorities.

4. The U.S. administration signaled a 25% U.S. tariff on nations doing business with Iran, raising trade-compliance risk. The move targets economic links with Iran and could shift supply-chain decisions for multinational firms. Companies with exposure may face higher costs, increased due diligence, and potential margin pressure.

5. The European Commission is considering a minimum price framework to replace Chinese EV tariffs, potentially aiding margins. The proposal would have exporters submit pricing and volume parameters for assessment. A constructive approach could support Chinese makers’ European sales and benefit listed peers such as NIO and XPeng.

6. NIO pledged to advance European operations under the EU’s proposed pricing regime, reinforcing its overseas strategy. The company welcomed progress toward consensus and signaled continued investment in the region. Greater clarity on pricing rules could stabilize planning for launches and capacity allocation.

7. Novo Nordisk projected oral GLP-1 pills could capture over a third of the obesity market, broadening patient reach. Management sees consumer-friendly dosing expanding adoption among demographics less inclined to injections. Competitive dynamics with Eli Lilly may accelerate category growth as access and awareness improve.

8. MACOM Technology Solutions (MTSI) appointed former Broadcom (AVGO) executive Bryan Ingram to its board, bolstering leadership depth. The company highlighted opportunities across satellite networks and AI-related optical demand. Board experience in wireless semiconductors may support execution as infrastructure spending scales.

9. The FCC authorized SpaceX to deploy up to 15,000 second-generation Starlink satellites, expanding direct-to-cell connectivity. The approval enables technology upgrades across multiple frequencies, enhancing broadband capabilities. Broader deployment can intensify competition and increase demand for satellite-communications components.

10. MicroStrategy (MSTR) purchased approximately $1.25 billion in Bitcoin, increasing its crypto holdings materially. The buy was funded largely via at-the-market stock sales, amplifying balance-sheet exposure to digital assets. While supportive of crypto-linked equity sentiment, it heightens earnings volatility tied to coin prices.

Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.