Pre-Market | Federal Reserve Rate Cut Pressures Intensify as U.S. Nonfarm Payrolls Revised Downward

10 Sep., DOW FUTURES down 0.15% in pre-market, NASDAQ FUTURES up 0.31% in pre-market, S&P FUTURES up 0.36% in pre-market. U.S. nonfarm payroll employment for the year ending March was revised down by over 911,000, far exceeding expectations and signaling economic softening that heightens Federal Reserve rate cut pressures. Broader expectations for Federal Reserve rate cuts are escalating, potentially in larger and faster forms, amid signs the central bank may lag economic shifts tied to data revisions and inflation risks.

Oracle shares surged over 32% in pre-market trading, driven by strong growth expectations in AI-driven cloud revenue. Advanced Micro Devices (AMD) rose nearly 4% as Piper Sandler significantly raised its price target for the company, citing strong growth potential in its CPU and AI accelerator businesses. Synopsys shares dropped over 23% after the company reported disappointing quarterly results, with revenue and earnings falling short of expectations. Toyota Motor shares declined over 1% following the company's lowered annual profit forecast, attributed to the appreciating yen and higher U.S. import tariffs.

In pre-market trading, Cuprina Holdings surged over 243%, driven by the company's exclusive license for UN-validated medical waste recycling technology in Southeast Asia. Asset Entities also saw a significant rise, up nearly 125%, following shareholder approval of a merger with Strive Enterprises to form a Bitcoin Treasury firm. Meanwhile, QMMM Holdings dropped over 62% and Epsium fell over 54% in pre-market trading.

U.S. nonfarm payroll data for the year to March was significantly revised downward by over 900,000 jobs, exceeding market expectations and increasing pressure for Federal Reserve rate cuts. A federal judge temporarily blocked the president's removal of a Federal Reserve governor, citing lack of legitimate cause, protecting Fed stability amid political tensions. Analysts suggested the Fed is behind the curve due to factors like inflation concerns, potentially leading to sharper rate cuts in coming months. Google Cloud reported $106 billion in committed orders, with over half converting to $58 billion in new revenue within two years, driving investor confidence in growth.