Stock futures head lower after S&P 500 ends three-day win streak

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Stock futures fell early Thursday after the S&P 500 saw its first negative session in four, pressured by a slide in Boeing shares following a crash in India.S&P 500 futures lost nearly 0.6%, while Nasdaq 100 futures were down 0.5%. Futures tied to the Dow Jones Industrial Average were also lower by 284 points, or 0.7%.

Dow component Boeing lost more than 7% in premarket trading after an Air India Dreamliner 787 crashed after takeoff with 242 passengers on board. The cause of the crash is unknown, and authorities said the injured are being treated. Shares of Oracle surged more than 7% after the company reported fiscal fourth-quarter results that beat on the top and bottom lines and indicated more cloud growth ahead. Wednesday marked a losing session on Wall Street, with the S&P 500 snapping its three-day win streak, as did the Nasdaq Composite. CNBC reports.

✈️ Boeing shares fall 8% after Air India plane crashes: Shares of planemaker Boeing fell 8% in premarket U.S. trading on Thursday after an Air India aircraft with 242 people crashed minutes after taking off from India's western city of Ahmedabad.

Aviation tracking site Flightradar24 said the plane was a Boeing 787-8 Dreamliner, one of the most modern passenger aircraft in service. The plane was headed to Gatwick Airport in the UK, Air India said, while police officers said it crashed in a civilian area near the airport, without specifying whether there were any fatalities. Yahoo Finance reports.

🤖 Huawei ‘has got China covered’ if the U.S. doesn’t participate, Nvidia CEO tells CNBC: If the U.S. continues to impose AI semiconductor restrictions on China, then chipmaker Huawei will take advantage of its position in the world’s second-largest economy, Nvidia CEO Jensen Huang told CNBC Thursday.

“Our technology is a generation ahead of theirs,” Huang told CNBC at the sidelines of the Viva Technology conference in Paris. However, he warned that: “If the United States doesn’t want to partake, participate in China, Huawei has got China covered, and Huawei has got everybody else covered.” CNBC reports.

🔔 Chime set for long-awaited market debut after $864 million US IPO: Chime is set to debut on the Nasdaq later on Thursday after raising $864 million in its initial public offering, with investors waiting to see whether the digital bank will maintain the recent streak of explosive first-day gains for new listings.

The hotly anticipated debut is being viewed as a bellwether for other IPO candidates in the fintech industry, where valuations have cooled from pandemic-era highs. "A strong debut could trigger a domino effect, prompting other high-growth firms to accelerate their IPO timelines and position themselves for a window that's starting to reopen," said Kat Liu, vice president at IPOX. Yahoo Finance reports.

💲Dollar hits fresh 2025 low as US tariff concerns pick up again: The dollar extended its decline as worries over US tariffs increased after President Donald Trump said he would notify trading partners soon of unilateral levies. The Bloomberg Dollar Spot Index slid as much as 0.6% to the lowest level since July 2023 on Thursday, extending the previous day’s drop spurred by softer US inflation data. The euro rose to its strongest since November 2021.

Traders will be monitoring US producer-price data due later Thursday for confirmation of subdued pressures. Some of its components feed into core personal consumption expenditure, the Federal Reserve’s preferred measure of inflation. They will also watch an auction of 30-year Treasuries after yields surged last month on fiscal concerns. Yahoo Finance reports.

🎮 GameStop hints at its next bitcoin buy. The stock is tumbling: GameStop late Wednesday said it plans to raise more debt — a move that could indicate another bitcoin purchase is looming for the videogame retailer and original meme stock.

The Texas-based company announced the proposed private offering of $1.75 billion of convertible senior notes after market close Wednesday. MarketWatch reports.

🏦 The $11 trillion gap between White House and economists on Trump's 'big, beautiful' bill: An array of economists — from the Congressional Budget Office to the Tax Foundation to the Penn-Wharton Budget Model — have reached a similar conclusion: Trump's signature legislation comes with a price tag in the neighborhood of $3 trillion over the next decade.

They're all wrong, the White House says. And not just by a little. President Trump and his aides have instead offered claims that the bill will make money and that the final tally for both the tax-cutting legislation and other parts of the Trump agenda will usher in a new golden age not just for the US economy but also for government debt. Yahoo Finance reports.

🌥️ Oracle shares soar as AI cloud demand propels revenue forecast: Oracle shares surged nearly 8% in premarket trading on Thursday after the company raised its annual revenue forecast, driven by strong demand for its AI-related cloud services.

The stock has risen nearly 6% so far this year as confidence in the software sector remained strong despite geopolitical tensions, even as analysts warn that U.S. President Donald Trump's tariffs could undermine Big Tech's AI investments. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) $CGTL: Creative Global Tech

Total gain: +90.70%

2) $CVAC: CureVac

Total gain: +27.51%

3) $LIMN: Liminatus Pharma

Total gain: +23.13%

4) $INDO: Indonesia Energy Corporation

Total gain: +19.19%

5) $YHC: LQR House

Total gain: +17.91%

The closing price of the top three market percent gainers trading near or above $3 on June 11.
Benzinga reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) $JEM: 707 Cayman Holdings

Total gain: +70.82%

The company announced the closing of its previously announced initial public offering of an aggregate 2,500,000 ordinary shares at a public offering price of $4.00 per share, for total gross proceeds of $10.0 million before deducting underwriting discounts and offering expenses. 707 Cayman Holdings sold 1,750,000 ordinary shares, and the selling shareholders sold an aggregate of 750,000 ordinary shares. The company did not receive any proceeds from the sale of shares by the selling shareholders. Benzinga reports.

2) $XTIA: XTI Aerospace

Total gain: +66.88%

The company, a pioneer in xVTOL and powered-lift aircraft solutions, named Stephen Griessel, former Group CEO of Paramount Group Ltd., to its Corporate Advisory Board. His addition follows growing recognition of VTOL aircraft as a national strategic priority, as highlighted in President Trump's recent executive order. Benzinga reports.

3) $NAKA: Kindly MD

Total gain: +57.32%

The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


ADBE: Adobe
2Q 2025

After Market Close
Estimate: 4.970
Actual: N/A

RH
1Q 2025

After Market Close
Estimate: -0.070
Actual: N/A

LOVE: Lovesac
1Q 2026

Before Market Open
Estimate: -0.840
Actual: -0.730

Time (ET) / Report / Period

8:30 am - Initial jobless claims - June 7

8:30 am - Producer price index - May

"People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not scare them out of the game."

- Peter Lynch

Sourced in: “One Up On Wall Street: How to Use What You Already Know to Make Money in the
Market”, by Peter Lynch, published in 1989