Pre-Market | U.S. Stock Futures Surge on Fed Rate Cut Hopes, Nasdaq Proposes Tokenized Securities

9 Sep., U.S. stock futures rose as expectations for Federal Reserve interest rate cuts boosted market sentiment, with attention shifting to revised nonfarm payrolls data. Additionally, Nasdaq filed a proposal with the SEC to introduce tokenized securities trading, signaling potential advancements in financial market infrastructure. DOW FUTURES up 0.14% in pre-market, NASDAQ FUTURES up 0.21% in pre-market, S&P FUTURES up 0.17% in pre-market.

Mitsubishi Ufj shares rose 4.39% in pre-market trading, driven by an upgrade to Strong Buy due to improved earnings prospects. UnitedHealth Group also saw a significant increase, rising 4.14% in pre-market, as the company reaffirmed its 2025 earnings outlook, easing concerns over rising medical costs. Meanwhile, UBS Group shares dropped 1.41% in pre-market trading, with uncertainty surrounding stock buybacks leading to the decline. Novo Nordisk shares fell 1.25% in pre-market, following TD Cowen's reduction of the company's price target.

In pre-market trading, Big Tree Cloud surged over 640%, driven by the completion of a reverse merger transaction. Santech Holdings also saw a significant rise, up nearly 286%, as investors responded positively to the company's strong financial performance. Meanwhile, Diginex dropped sharply, down over 86%, following an 8-for-1 bonus share distribution. SUI Group also faced a substantial decline, down nearly 27%, amid CEO resignation controversy.

U.S. equity futures rose on Federal Reserve rate cut expectations, with Treasury yields falling as traders anticipated easing, focusing on nonfarm payroll data. Nvidia's next-generation Rubin chips began fabrication, driving forecasts of multi-trillion dollar data center capital expenditure over five years. Microsoft secured a $17.4 billion deal for external AI GPU cloud computing capacity from a provider, to be delivered starting later this year through 2026. Nasdaq submitted a proposal to the SEC for tokenized securities trading on its stock market.