Pre-market US Stock News Roundup: Microsoft Plans to Raise $25 Billion via Dollar Bond Issuance; Marvell Technology to Acquire Lumentum

2026-10-29 20:22 (UTC+8)

Odaily reports, October 29 — The key financial news in the US stock market that investors should focus on today is as follows:

1. US stock index futures fell collectively. Dow Jones futures dropped 0.33%, S&P 500 futures fell 0.44%, and Nasdaq 100 futures declined 1.28%.

2. International oil prices declined across the board. WTI crude oil futures fell 0.78% to $101.979 per barrel; Brent crude oil futures dropped 0.90% to $110.632 per barrel.

3. Spot gold and silver both fell. Spot gold declined 0.91% to $4,030.21 per ounce; spot silver dropped 2.43% to $52.63 per ounce.

4. Major European stock indices rose across the board. The UK's FTSE 100 gained 0.43%, France's CAC 40 rose 0.63%, and Germany's DAX 30 climbed 0.86%.

5. Microsoft launched a 10-tranche US dollar investment-grade bond offering, its first since 2017. Microsoft aims to raise at least $25 billion through this dollar bond issuance.

6. Marvell Technology is in advanced talks to acquire optical communications leader Lumentum, with the two parties potentially announcing a deal as early as next week. The potential acquisition could help Marvell expand its optical technology footprint for AI infrastructure.

7. Eli Lilly rose over 5% in pre-market trading at one point, as the company's third-quarter results beat market expectations and it raised its full-year revenue outlook to $91 billion–$92 billion.

8. Apple officially unveiled its new-generation MacBook Pro, introducing touch functionality to the Mac product line for the first time and featuring an all-new ProLED XDR display. The M5 Pro 14-inch model starts at $2,899.

9. Amazon doubled down on smart home, unveiling five new products centered on the Alexa AI assistant. Among them, the 16-inch smart display Echo Show 16 starts at $499.99, going head-to-head with Apple's $299 HomeView.

10. Event prediction platform Kalshi completed a $1 billion Series G funding round at a post-money valuation of $40 billion.