U.S. Stock Market Pre-Market News Roundup: U.S. Treasury "Safe-Haven Trade" Makes a Comeback

2026-10-15 20:26 (UTC+8)

Odaily News: Ahead of the U.S. stock market open, the key market and financial news investors should focus on is as follows:

1. U.S. stock index futures were mixed. Dow Jones futures rose 0.35%, S&P 500 futures fell 0.31%, and Nasdaq 100 futures dropped 1.25%.

2. International oil prices were mixed. WTI crude oil futures rose 0.33% to $95.400 per barrel; Brent crude oil futures fell 1.18% to $104.804 per barrel.

3. International spot gold and silver both climbed. Spot gold rose 1.20% to $4,154.39 per ounce; spot silver rose 1.94% to $56.70 per ounce.

4. Europe's three major stock indices mostly rose. The UK's FTSE 100 gained 0.77%, France's CAC 40 rose 0.27%, and Germany's DAX 30 fell 0.39%.

5. Apple Board Executive Chairman Cook said during a visit to Shanghai that Apple Intelligence and the related Alibaba Qwen large model have indeed been approved and will release a test version later in October, but this will not include Siri AI.

6. Musk's chip project Terafab may receive its first ASML EUV lithography equipment in the middle of next year. Terafab's initial chips are still expected to use traditional chip equipment to align with Intel's 14A process.

7. TSMC said its 2026 capital expenditure is expected to be $60 billion to $64 billion; CPU demand for AI agents is growing and far exceeds existing supply capacity; it is in discussions with Musk about whether it can utilize TeraFab's idle capacity.

8. Concerns over the credit risk of AI cloud service provider CoreWeave have further intensified, with the spread on its five-year credit default swaps (CDS) surpassing 1,000 basis points, reflecting market worries about its debt repayment and refinancing capacity.

9. Rocket Lab once again postponed the maiden flight plan for its new heavy-lift rocket Neutron, delaying its first launch to 2027. Rocket Lab fell nearly 12% in pre-market trading at one point.

10. Goldman Sachs expects Google's capital expenditure next year to approach $350 billion and maintains a "Buy" rating on Google with a $435 target price.

11. With U.S. stocks declining and yields proving attractive, the U.S. Treasury "safe-haven trade" has made a comeback. U.S. Treasury prices have recently extended their gains, driving yields across maturities lower across the board. The 10-year U.S. Treasury yield fell as much as 10 basis points intraday to 5.08%.