Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

【US Pre-Market】Boeing Gains Nearly 3%, Moderna Slumps Pre-Market as Market Focuses on PCE and Micron Earnings

Source Tradingkey

TradingKey - On Wednesday, September 30, Eastern Time, futures on the three major U.S. stock indices weakened near flat in pre-market trading as investors awaited a dense slate of data releases, including U.S. ADP employment, PCE inflation, and final second-quarter GDP figures. Markets expect U.S. August headline PCE and core PCE to rise 0.5% and 0.3% month-over-month, respectively. Higher-than-expected data could further reinforce expectations that the Federal Reserve will continue raising interest rates and weigh on high-valuation tech stocks.

As of press time, Dow futures fell 0.01%, S&P 500 futures rose 0.02%, and Nasdaq 100 futures fell 0.1%.

index-57455903e0d5422f9e86fbd8b9857fa8

Source: Investing

In commodities, gold (XAUUSD) rose slightly by about 0.15%, trading near $4,185. A weaker U.S. dollar provided support for gold prices, but high interest rate expectations continued to limit its upside potential.

International oil prices rebounded after a sharp drop in the previous trading session, with WTI (USOIL) crude recovering to near $90.60 and Brent crude (UKOIL) recovering to near $97.50. Trump denied willingness to ease sanctions on Iran, bringing supply risks back into focus; however, the resumption of operations on Saudi Arabia's East-West pipeline and a rebound in Middle East crude exports limited the extent of the oil price rally.

In cryptocurrencies, Bitcoin (BTC) rose about 0.1%, trading near $83,900, but still failed to break above the $85,000 mark. Elevated U.S. Treasury yields and cautious sentiment ahead of the inflation data release continued to suppress risk appetite for crypto assets.

Market Moves

Boeing (BA) rose about 2.6% in pre-market trading. The U.S. Department of Defense selected Boeing to design, manufacture, and deliver the U.S. Navy's next-generation F/A-XX sixth-generation carrier-based stealth fighter, with an initial contract value exceeding $20 billion. The program will gradually replace the F/A-18 "Super Hornet" and become a key component of the U.S. Navy's Next Generation Air Dominance initiative.

Northrop Grumman (NOC) fell about 4.3% in pre-market trading. The company lost to Boeing in the bidding for the U.S. Navy's F/A-XX next-generation fighter jet, sparking market concerns that it will miss out on this large-scale defense project with a long execution cycle. This result also means Boeing has secured both the U.S. Air Force and Navy sixth-generation fighter programs.

Moderna (MRNA) fell over 6% in pre-market trading. Citi downgraded Moderna to "Sell", and although it raised its price target from $60 to $80, it noted that the company's valuation is already high following the previous sharp rally in its stock price. In addition, a U.S. federal court refused to dismiss an mRNA technology patent infringement lawsuit filed by Bayer's Monsanto against Moderna, further adding to its legal risks.

Robinhood (HOOD) rose about 2.9% in pre-market trading. The company unveiled several new products at HOOD Summit 2026, including Robinhood Agents capable of market research, strategy formulation, and automated trading, a 24/7 trading plan for select U.S. stocks, crypto perpetual contracts, and extended trading hours for stock options. Among them, select crypto perpetual contracts offer leverage of up to 10x.

Market News

U.S. consumer confidence fell to a 12-year low in September. The Consumer Confidence Index published by The Conference Board dropped 6.7 points from 88.6 in August to 81.9, reaching its lowest level since April 2014.

Iran confirmed receiving a formal response from the U.S. to its latest ceasefire proposal. Iranian Foreign Minister Araghchi has briefed the Cabinet on the U.S. response, but specific details have not yet been disclosed, and intermediaries such as Qatar continue to push both sides to negotiate on ending the conflict and navigation through the Strait of Hormuz.

Micron Technology is set to report its fourth-quarter fiscal results. Micron Technology (MU) will release its earnings report after the market close on Wednesday ET and hold a conference call at 16:30. The market will focus on HBM shipments, AI server memory demand, product price trends, and guidance for the next fiscal quarter.

Key Data and Events Preview

At 8:15 ET on September 30, the U.S. releases September ADP private sector employment data.

At 8:30 ET on September 30, the U.S. releases the August PCE price index, personal income and spending, and final second-quarter GDP.

At 9:45 ET on September 30, the U.S. releases the September Chicago Business Barometer.

At 10:30 ET on September 30, the U.S. Energy Information Administration releases the weekly crude oil inventory report.

At 16:00 ET on September 30, Chicago Fed President Goolsbee delivers a speech; at 16:30, Micron Technology holds its fourth-quarter earnings conference call.

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changed Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Author Irene Q.

Sep 23, Wed

Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Four jobs reports in five days: what JOLTS, ADP, claims and the September payrolls mean for the October Fed decision The US labour market faces its densest data week of the month. JOLTS job openings land Tuesday (7.2 million expected), ADP on Wednesday (70,000 expected), initial claims on Thursday and the September non-farm payrolls on Friday (100,000 expected, down from 162,000). Markets price a 64%-70% chance of another quarter-point Fed hike on October 28. The dollar index sits at 100.77 and the S&P 500 at 7,729.8.

Author Mitrade

Sep 28, Mon

The US labour market faces its densest data week of the month. JOLTS job openings land Tuesday (7.2 million expected), ADP on Wednesday (70,000 expected), initial claims on Thursday and the September non-farm payrolls on Friday (100,000 expected, down from 162,000). Markets price a 64%-70% chance of another quarter-point Fed hike on October 28. The dollar index sits at 100.77 and the S&P 500 at 7,729.8.

Nvidia's $150 billion buyback landed — and the AI sector fell anyway. That's the signal worth trading Nvidia closed up 1.68% at $228.86 on 28 September after announcing a $150 billion share repurchase authorisation, the largest single corporate buyback on record, while the rest of the AI complex sold off: AMD -3.6%, Micron -2.6%, Meta -4.8% and the Philadelphia Semiconductor Index -1.61%. The divergence is not noise. Capital is rotating toward cash-flow certainty, not abandoning the AI theme. With Micron reporting after the close on 30 September, here is what the split means.

Author Irene Q.

Yesterday 06: 31

Nvidia closed up 1.68% at $228.86 on 28 September after announcing a $150 billion share repurchase authorisation, the largest single corporate buyback on record, while the rest of the AI complex sold off: AMD -3.6%, Micron -2.6%, Meta -4.8% and the Philadelphia Semiconductor Index -1.61%. The divergence is not noise. Capital is rotating toward cash-flow certainty, not abandoning the AI theme. With Micron reporting after the close on 30 September, here is what the split means.

The 30-year Treasury just hit a 22-year high — and the bond market is not pricing the Fed, it is pricing the deficit The 30-year Treasury yield closed at 5.56% on 28 September, the highest since June 2004, while the 10-year reached 5.24% and the 20-year 5.60%. The curve has steepened roughly 30bp in eight sessions even as October hike odds sit at 70.3%. That gap is the story: the long end is repricing fiscal and inflation risk, not policy. With PCE on Wednesday and payrolls on Friday, here is what the long end is really saying.

Author Irene Q.

Yesterday 07: 08

The 30-year Treasury yield closed at 5.56% on 28 September, the highest since June 2004, while the 10-year reached 5.24% and the 20-year 5.60%. The curve has steepened roughly 30bp in eight sessions even as October hike odds sit at 70.3%. That gap is the story: the long end is repricing fiscal and inflation risk, not policy. With PCE on Wednesday and payrolls on Friday, here is what the long end is really saying.

【Daily Brief】30-year Treasury tops 5.59%, S&P 500 slips to 7,670 and gold holds $4,180 — PCE lands tonight The 30-year Treasury yield closed at 5.59%, its highest since June 2002, and the Dow fell 131.59 points to 51,349.92. US consumer confidence dropped to 81.9, a 12-year low, and JOLTS job openings fell to 7.1 million. August PCE and Q3 GDP both land at 8:30am ET tonight.

Author Suzie

6 hours ago

The 30-year Treasury yield closed at 5.59%, its highest since June 2002, and the Dow fell 131.59 points to 51,349.92. US consumer confidence dropped to 81.9, a 12-year low, and JOLTS job openings fell to 7.1 million. August PCE and Q3 GDP both land at 8:30am ET tonight.

Popular Symbols