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US Stock Market Pregame Report: Intel to Invest €5 Billion to Expand Ireland Plant; Storage and Semiconductor Equipment Sectors See Collective Decline
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BlockBeats News, July 13th, a summary of key pre-market news in the US stock market:

1. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs will be the first to report second-quarter earnings on Tuesday, while Morgan Stanley will report on Wednesday. The market expects a significant increase in revenue from the large US banks' investment banking and trading activities, driven by the SpaceX IPO, increased M&A activity, and market volatility due to the Iran situation;

2. Trump stated that Iran always tears up agreements, so they must be severely dealt with. The US will control the strait and is likely to dominate it in the future;

3. SK Hynix's US ADR carries a 23.4% premium over its Korean stock;

4. The semiconductor equipment and storage sectors are collectively down in pre-market trading, with KLAC down 3.7% and SanDisk and Western Digital both down over 5%;

5. Precious metals gold and silver are both down, with gold falling by 1.32% and silver by 2.23%;

6. The oil market is generally down, with WTI crude up 3.35% and Brent crude up 3.53%;

7. Strategy did not increase its Bitcoin holdings last week, selling 4.82 million shares to raise $467 million;

8. Bitmine increased its Ethereum holdings by 27,801 coins last week, with a total staking amount of 4.917 million coins and an expected annual staking income of $242 million.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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