Pre-Market Activity: TSLL, WOLF, SCAG, VRNA, BBAI, NVDA, SOUN, PG, SQQQ, JPM, SAN, QS

The NASDAQ 100 Pre-Market Indicator is up 53.7 to 22,755.95. The most active stocks for the pre-market session are Direxion Daily TSLA Bull 2X Shares (TSLL), Wolfspeed, Inc. (WOLF), Scage Future (SCAG), Verona Pharma plc (VRNA), BigBear.ai, Inc. (BBAI), NVIDIA Corporation (NVDA), SoundHound AI, Inc. (SOUN), Procter & Gamble Company (The) (PG), ProShares UltraPro Short QQQ (SQQQ), J P Morgan Chase & Co (JPM), Banco Santander, S.A. (SAN), and QuantumScape Corporation (QS).

The NASDAQ 100 Pre-Market Indicator (NQ) rose by 53.7 points to 22,755.95 on July 2, 2025. The pre-market session saw increased activity among several key stocks, with Direxion Daily TSLA Bull 2X Shares (TSLL) leading the way. TSLL, which tracks the performance of Tesla (NASDAQ:TSLA) with a 2x leverage, was one of the most active stocks, trading at 10.57 as of the pre-market session [3].

Other notable pre-market movers included Wolfspeed, Inc. (WOLF), a semiconductor manufacturer, which saw increased interest due to its role in electric vehicle (EV) technology. Scage Future (SCAG), Verona Pharma plc (VRNA), and BigBear.ai, Inc. (BBAI) also experienced significant pre-market activity, reflecting investor interest in innovative technologies and healthcare solutions [1].

NVIDIA Corporation (NVDA), a leader in graphics processing units (GPUs), and SoundHound AI, Inc. (SOUN), a voice recognition technology company, also saw increased activity. Procter & Gamble Company (PG), a consumer goods giant, and ProShares UltraPro Short QQQ (SQQQ), a leveraged inverse ETF on the Nasdaq-100, were among the other stocks that gained attention during the pre-market session [1].

Investors also showed interest in J P Morgan Chase & Co (JPM), Banco Santander, S.A. (SAN), and QuantumScape Corporation (QS), reflecting broader market sentiment and sector-specific trends [1].

The pre-market rally was driven by several factors, including positive earnings reports from key technology companies, increased interest in EV and renewable energy sectors, and broader market optimism. Asset managers significantly increased their positions in Nasdaq 100 futures, buying 1.1 standard deviations above average, according to JPMorgan’s weekly highlights report [2].

The pre-market session highlighted the continued interest in tech and energy sectors, with investors positioning themselves for potential growth opportunities. As the market opens, investors will be closely watching these stocks and the broader market trends to gauge the day's performance.

References:

[1] https://www.nasdaq.com/market-activity/index/qmi
[2] https://www.investing.com/news/stock-market-news/asset-managers-boost-nasdaq-100-futures-cut-growth-etfs-93CH-4126667
[3] https://www.investing.com/etfs/tsll