U.S. stock pre-market news roundup: Intel to expand its Irish factory with a €5 billion investment; the storage and semiconductor equipment sectors are collectively down in pre-market trading

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BlockBeats message. On July 13, ahead of the US stock market open, key news is as follows:

  1. JPMorgan, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs will release their Q2 earnings reports first on Tuesday, while Morgan Stanley will publish results on Wednesday. The market expects that driven by the SpaceX IPO, a warming in M&A activity, and market volatility sparked by the situation in Iran, investment banking and trading revenues at US large banks will rise significantly;

  2. Trump says Iran always tears up agreements, so the US should strike them hard. The US will control the strait, and in the future will likely dominate the strait;

  3. SK Hynix’s US stock ADR trades at a 23.4% premium versus its South Korean shares;

  4. Semiconductor equipment and memory-related sectors are down collectively before the open. KLAC is down 3.7%, while SanDisk and Western Digital are both down more than 5%;

  5. Spot gold and silver both fall broadly. Gold is down 1.32%, and silver is down 2.23%;

  6. Oil market is broadly lower. US crude oil is up 3.35%, and Brent crude oil is up 3.53%;

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

  8. Bitmine increased its holdings by 27,801 ETH last week. Its total staked amount now totals 4.92M ETH, and its annualized staking income is expected to be $242 million.

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