Pre-market briefing Pre-Market Briefing for May 7, 2026
Today at a Glance
Previous Day Recap
Yesterday, US equities extended their record-setting run, with the Dow +1.24%, S&P 500 +1.46% (7,365.12), and Nasdaq +2.02% (25,838.94). $AMD jumped +18.64% on a Q1 data-center revenue beat of +57%, leading the semiconductor sector (Nvidia +5.93%, Intel +4.36%, Dell +10.39%, ARM +13.63%), while energy ($XLE -4.12%) and oil majors ($XOM, $CVX, $TTE all around -4%) suffered sharp pullbacks on reports of progress in a one-page MOU between the US and Iran. In after-hours trading, $FTNT rose +15%, $DASH +12%, and $APP attracted buying on an upward revision to its Q2 guidance, adding further momentum to pre-market sentiment.
Current Market Tone
Heading into today's open, futures are trading modestly higher. S&P 500 futures are +0.1%, Nasdaq futures +0.2%, and Dow futures +0.2%. With fatigue from yesterday's record-breaking rally colliding with the 24-to-48-hour deadline for Iran's response to the one-page MOU, risk-on sentiment is intact but investors are cautiously sidelined. Key catalysts include earnings from McDonald's ($MCD) and Shell ($SHEL) around 8:00 PM KST, US Initial Jobless Claims and Q1 Productivity at 9:30 PM, and after the close, results from Coinbase ($COIN), Airbnb ($ABNB), and CoreWeave ($CRWV).
Pre-Market News Round-Up
Today's Events
Today marks another inflection point of earnings season, with announcements split between before the open and after the close—meaning volatility could be distributed across two distinct windows. Here are the key names to watch based on their potential market impact.
Ex-Dividend
Names in Focus
These are the stocks with the most notable shifts in signals yesterday.
Action Guide for Today
Wishing you another steady, composed trading day—focus on the flow rather than the headline numbers.
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