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Tech Earnings Week Arrives: US Stock Market Pre-Market - SK Hynix Rises Over 1%, Petrobras Falls Over 20%, Oil Prices Retreat, US Treasury Bonds Strengthen
Before the U.S. market opens, SK Hynix rises over 1%. The company plans to distribute a special dividend of $12.1 billion, using proceeds from the sale of its Kioxia equity to reward shareholders. U.S.-listed Neocloud companies generally fell before market open: Nebius dropped 4.5%, CoreWeave fell 4.4%, and Iren decreased 4.1%. Petrobras ADRs dropped over 20% before market open, while Itaú Unibanco fell more than 27%. Brent crude retreated 1.5% from a six-month high, currently trading at around $114.95 per barrel.
Cybercab goes viral, Berlin factory achieves record production! Behind the Tesla (TSLA.US) buzz, Phillip Securities still sees a 38% downside
Tesla (TSLA.US) rose nearly 1% in pre-market trading on Monday, following a series of events including the intensive debut of the Cybercab at the Austin F1 circuit, a production milestone at the Berlin factory, and the release of new details about the Roadster.
Earnings Preview | With AI Trading Concerns Looming, Will Seagate Technology (STX.US)'s "Beat All" Results Still Fall Short?
Seagate Technology will announce its fiscal year 2027 first-quarter results after the U.S. stock market closes on Tuesday (morning of October 28, Beijing time).
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