Pre-Market | Dow Futures Dip Amid Payroll Revisions, Fed Independence Battle

10 Sep., DOW FUTURES down 0.15% in pre-market, NASDAQ FUTURES up 0.32% in pre-market, S&P FUTURES up 0.34% in pre-market. US nonfarm payrolls were revised significantly lower by 911,000 over the past year, far exceeding expectations and heightening pressure for potential Fed interest rate cuts. Meanwhile, a federal court temporarily blocked the President's dismissal of a Federal Reserve governor, preserving the Fed's independence.

Oracle shares surged over 31% in pre-market trading, driven by an upgraded cloud revenue outlook fueled by strong AI demand. Advanced Micro Devices rose nearly 4% in pre-market, benefiting from rising artificial intelligence adoption and sustained market share gains against Intel. Synopsys shares dropped over 23% in pre-market, as revenue fell below estimates due to new export restrictions in China. Toyota Motor shares declined nearly 1.4% in pre-market, following a reduction in its operating profit forecast due to a stronger yen and higher U.S. tariffs.

In pre-market trading, Cuprina Holdings surged by 239.03% after securing exclusive licensing rights to UN-validated medical waste recycling technology in Southeast Asia. JBDI Holdings also saw a significant rise, up by 120.47%. Meanwhile, QMMM Holdings dropped by 62.45% following a substantial intraday surge in after-hours trading. Epsium experienced a sharp decline, down by 54.13%, due to continued selloff after a significant regular session decline.

US nonfarm payroll data was revised downward by over 900,000 jobs for the prior year, exceeding forecasts and amplifying Federal Reserve rate cut pressure. A federal judge temporarily blocked the President from dismissing a Federal Reserve governor, ruling no legitimate cause existed for the action. Analysis projected faster and larger interest rate reductions as the Fed may be behind on inflation, amid employment data revisions. Google Cloud reported $106 billion in reserve orders, with over half expected to generate $58 billion in new revenue within two years. Global hedge funds' net buying of Chinese stocks reached the highest since September 2024.