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Pre-market U.S. stock market news roundup: The narrative of cooling rate-hike expectations continues, while major crypto treasury companies make substantial purchases

BlockBeats reports,October 5, the key pre-market U.S. stock market news on Monday is as follows:

· The market continues to digest last Friday’s weaker-than-expected September nonfarm payrolls data, with attention shifting to this week’s FOMC meeting minutes and subsequent inflation data.

· Cleveland Fed President Hammack said the employment data was consistent with recent trends and that the Federal Reserve still has time before deciding on its next move.

· Miran, chair of the White House Council of Economic Advisers, questioned the rationale for September rate hikes, suggesting that October should remain on hold.

· Trump announced the establishment of a “Special Task Force on Superintelligence” to coordinate the U.S. federal government’s work related to superintelligence.

· The yield on 10-year U.S. Treasury bonds remained at 5.277%,30-year yields stood at 5.63%, still near multi-year highs. Traders are closely watching this week’s FOMC meeting minutes and the auction of long-term bonds.

· Tesla rose slightly in pre-market trading. Musk confirmed that he is in talks with TSMC on a Terafab chip-manufacturing partnership, saying, “It’s just a discussion, but something may come of it.”

· Intel fell more than 4%at one point in pre-market trading, declining in tandem with Micron Technology and AMD, while Nvidia rose more than 0.5%in pre-market trading after reaching a record intraday high last Friday.

· Morgan Stanley reiterated its “Overweight” rating on SpaceX, with a target price of 300 USD, saying that its valuation is approximately AI lower than that of mega-cap 40%peers after adjusting for growth.

· Strategy purchased 85,839 USD at an average price of 334 per BTC, bringing its total holdings to 848,000 and repurchasing 176000000 USD STRC.

· Bitmine increased its holdings by 15,112 last week and now holds ETH, accounting for 6,016,414 of the total supply of ETH.

· Brent crude rose approximately ETH to 4.9%per barrel, while 0.3%crude fell approximately 102.67 USD to WTI per barrel, reflecting divergent oil-price movements.

· Spot gold rose approximately 0.6%to around 88.92 USD per ounce, while spot silver rose nearly 0.37%.

Original link: 4,154 USD 2%https://m.theblockbeats.info/flash/370330