Tonight’s Highlights | Nasdaq Futures Rise Nearly 1% Pre-Market, Focus Shifts to Powell’s Testimony

On Tuesday (June 24), U.S. stock index futures climbed in pre-market trading.  

 

As of this report, Dow Jones futures rose 0.63%, S&P 500 futures gained 0.69%, and Nasdaq 100 futures advanced 0.97%.  

 

In individual stocks, Tesla jumped nearly 2% pre-market, while Apple and Amazon rose over 1%. Stablecoin leader Circle turned lower, dropping over 7%.  

 

Earlier today, the Israeli Prime Minister’s Office stated that Israel has agreed to a U.S.-proposed bilateral ceasefire with Iran, vowing a “strong response” to any violations.  

 

Buoyed by stabilizing Middle East tensions, most European markets in session rose, with Germany’s DAX up 1.69%, the UK’s FTSE 100 up 0.37%, and France’s CAC 40 up 1.26%.  

 

International oil prices continued to fall, with Brent crude futures down over 3% as of this report, hitting a low of $67 per barrel. Yesterday, Brent peaked above $81, marking a two-day swing of about $14.  

 

However, conflict risks haven’t fully dissipated. Just before this report, CCTV News reported that President Trump called Israeli PM Netanyahu, urging him to halt attacks on Iran.  

 

JPMorgan traders noted that as geopolitical risks ease, U.S. stocks are regaining momentum toward record highs, with markets refocusing on macro conditions, preparing for corporate earnings, and eyeing the looming “tariff deadline.”  

 

Later today, Fed Chair Jerome Powell will deliver his semi-annual monetary policy testimony to the House Financial Services Committee. Trump, in a recent post, said he hopes Congress “teaches this super foolish, stubborn man a lesson.”  

Company News  

Starbucks China Addresses Hillhouse Capital Acquisition Rumors: Evaluating Optimal Growth Strategies  

Regarding rumors of Hillhouse Capital’s involvement in acquiring Starbucks China, a Starbucks China spokesperson told *Sci-Tech Board Daily* that the company remains confident in China’s vast growth potential and is evaluating the best ways to seize future opportunities while focusing on revitalizing growth and maintaining positive momentum.  

 

BOSS Zhipin Plans Public Offering of 30 Million Shares, Open to Hong Kong Investors 

BOSS Zhipin announced a proposed public offering of 30 million Class A ordinary shares, representing 3.2% of its post-issuance share capital. The maximum offer price is HK$78 per share, with net proceeds expected to reach about $288 million at the top price.  

 

Report: Q1 Global Foundry 2.0 Market Revenue Hits $72.29 Billion, Up 13%  

Counterpoint Research reported that Q1 2025 global semiconductor foundry 2.0 market revenue grew 13% year-over-year to $72.29 billion, driven by surging demand for AI and high-performance computing chips, boosting needs for advanced nodes (3nm, 4nm/5nm) and advanced packaging.