US Stock Market Pregame Report: Intel to Invest €5 Billion to Expand Ireland Plant; Storage and Semiconductor Equipment Sectors See Collective Decline

BlockBeats News, July 13th, a summary of key pre-market news in the US stock market:

1. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs will be the first to report second-quarter earnings on Tuesday, while Morgan Stanley will report on Wednesday. The market expects a significant increase in revenue from the large US banks' investment banking and trading activities, driven by the SpaceX IPO, increased M&A activity, and market volatility due to the Iran situation;

2. Trump stated that Iran always tears up agreements, so they must be severely dealt with. The US will control the strait and is likely to dominate it in the future;

3. SK Hynix's US ADR carries a 23.4% premium over its Korean stock;

4. The semiconductor equipment and storage sectors are collectively down in pre-market trading, with KLAC down 3.7% and SanDisk and Western Digital both down over 5%;

5. Precious metals gold and silver are both down, with gold falling by 1.32% and silver by 2.23%;

6. The oil market is generally down, with WTI crude up 3.35% and Brent crude up 3.53%;

7. Strategy did not increase its Bitcoin holdings last week, selling 4.82 million shares to raise $467 million;

8. Bitmine increased its Ethereum holdings by 27,801 coins last week, with a total staking amount of 4.917 million coins and an expected annual staking income of $242 million.