Stock Market News·2025-10-10 13:07Market Overview - U.S. equity markets are showing a cautious upward trend in premarket trading amid a prolonged government shutdown and anticipation of crucial economic data [1] - Major indices futures indicate a modest positive open, with Dow Jones Industrial Average futures rising by approximately 0.06% to 0.11%, S&P 500 futures up between 0.08% and 0.12%, and Nasdaq 100 futures leading with a gain of around 0.2% to 0.14% [2] - Asian markets presented a mixed picture, with South Korea's KOSPI hitting a record high while Japan's Nikkei 225 experienced a drop [3] Major Market Index Performance - The S&P 500 fell 0.28% to 6,735.10, and the Nasdaq Composite slipped 0.08% to 23,024.63, both retreating from recent intraday records [4] - The Dow Jones Industrial Average posted the largest decline, dropping 0.52% to 46,358.42, with the S&P 500 and Nasdaq on track for modest weekly gains while the Dow is set for a 0.9% weekly loss [4] Upcoming Economic Events - Key focus for investors includes the release of the University of Michigan's consumer sentiment index, with preliminary data indicating a greater-than-expected deterioration in consumer sentiment [5] - The week will conclude with the highly anticipated U.S. Non-Farm Payrolls and Unemployment Rate data, alongside Canada's employment figures [5] Corporate Developments - Applied Digital shares surged 25% to 25.74% in premarket trading after reporting better-than-expected quarterly revenue of $64.2 million, an 84% year-over-year increase, and finalizing a new lease agreement with CoreWeave for an additional 150 megawatts [7] - Intel shares climbed 1.7% in premarket after TD Cowen raised its price target from $20 to $35, signaling renewed optimism in Intel's AI and data center strategies [7] - Nvidia shares reached an all-time high and are up nearly 1% further before the bell, with a market capitalization of approximately $4.7 trillion [12] - Qualcomm experienced a dip of 1.5% in premarket trading due to an antitrust probe initiated by Chinese regulators [12] - Levi Strauss & Co. saw its stock plunge 7.7% despite reporting better-than-expected Q3 results with a 7% year-over-year increase in net revenues to $1.5 billion [12] - Delta Air Lines surged 4.3% following a report of record third-quarter revenue and a positive outlook for Q4 [12] - PepsiCo's stock rose 4.2% after surpassing analyst estimates in Q3 results and announcing a new chief financial officer [12]