Pre-market News Summary: SpaceX Starship Set to Attempt Another Launch, SK Hynix Confirms Korean Stock Conversion ADR Channel is "Fully Booked", Intel to Report Earnings After Market Close

BlockBeats News, July 23, a summary of important pre-market news in the U.S. stock market:

1. U.S. stock index futures are collectively down. Dow Jones futures fell by 0.98%, S&P 500 futures fell by 0.94%, and Nasdaq 100 futures fell by 1.36%.

2. Intel (INTC.O) is expected to announce strong financial performance after Thursday's market close. Intel is expected to have an adjusted EPS of $0.22 and revenue of $14.4 billion for Q2. Trump tweeted on June 18 that Apple has agreed to partner with Intel to design and produce its chips in the U.S.

3. SpaceX is now planning to attempt another launch on July 24 from 6:45 a.m. to 8:15 a.m. Beijing time. Investors are focusing on the outcome of this launch. Starship Flight 13 had an automatic abort about 1 second before leaving the launch pad after ignition on the morning of July 17.

4. Samsung ADR has not converged for nearly two weeks and has expanded to a 33% premium. The Korean securities depository institution stated that SK Hynix had already exhausted the limit of converting Korean listed common stocks to American Depositary Receipts (ADRs), set at 2.5% of the total shares outstanding.

5. Google experienced its first negative quarterly free cash flow since going public. Google also raised its full-year capital expenditure forecast, estimating it to be between $195 billion and $205 billion for the year. Google is down 5% in pre-market trading.

6. Google (GOOG.O) disclosed its stake in SpaceX (SPCX.O) in a 10-Q filing, holding $94 billion worth of shares in SpaceX after its IPO. As of June 30, there are $80 billion worth of tradable SpaceX shares, with this portion subject to short-term sale restrictions.

7. Musk mentioned that Micron has allocated a large number of memory chips to Tesla, with supply conditions being "very reasonable."

8. The European Central Bank kept its three key interest rates unchanged. Traders' bets on the ECB remained stable, expecting a 48 basis point rate hike by the end of the year.

9. International oil prices surged. WTI crude oil futures price rose by 4.68% to $90.896 per barrel; Brent crude oil futures price rose by 3.87% to $93.67 per barrel.

10. International gold and silver spot prices are down. Gold spot price fell by 1.57% to $4064.97 per ounce; silver spot price fell by 2.82% to $58.00 per ounce.