Pre-market U.S. stock news: Cloud providers' default protection costs rise, spot BTC and ETH ETFs see net fund outflows.
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AT A GLANCE
BlockBeats summarized that the cost of default protection for cloud vendors has risen, historical U.S. stock performance coexists with institutional risk warnings, and BTC and ETH spot ETFs saw net outflows.
Article
US pre-market news roundup: Cloud providers' debt default protection costs soar, US stocks historically perform well after midterm elections
BlockBeats news, November 3, the important pre-market news for US stocks on Tuesday is as follows:
1. Historical performance of US stocks after US midterm elections: In the past 11 post-election periods, they rose without exception, with divided government more favored;
2. The debt default protection costs of the five major cloud providers rose to a new high since 2021, with AI investors racing to seek downside protection;
3. Hedge fund giant Elliott Investment Management said that all alarms of a bear market have sounded, and the current market is highly similar to the pre-Great Depression period;
4. Anthropic's IPO was pressed down by investors, with valuation hoped to drop to 1500000000000, and computing power commitments nearly 900000000000 USD;
5. Marvell and Lumentum officially announced an all-stock acquisition agreement, with the transaction implying an enterprise value of approximately 115000000000 USD;
6. Yesterday, US spot Bitcoin ETFs saw a net outflow of 398600000 USD, and Ethereum ETFs saw a net outflow of 139700000 USD.
Original link https://m.theblockbeats.info/flash/375258
Key points
01
BlockBeats said that after the past 11 U.S. midterm elections, U.S. stocks rose without exception, and a divided government is more favored.
02
The cost of debt default protection for the five major cloud providers has risen to its highest level since 2021.
03
Elliott Investment Management said all the bear market alarms have been sounded, and the current market is highly similar to the period before the Great Depression.
04
The article states that Anthropic's IPO is being pressured by investors to lower its valuation, with hopes of bringing it down to 1500000000000, and compute commitments nearing 900000000000 USD.
05
The text states that Marvell and Lumentum officially announced reaching an all-stock acquisition agreement, with the transaction implying an enterprise value of approximately 115000000000 USD.
06
Yesterday, U.S. spot Bitcoin ETFs saw a net outflow of 398600000 USD, and Ethereum ETFs saw a net outflow of 139700000 USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a pre-market news summary: on one hand it lists historical statistics of U.S. stock gains after midterm elections, and on the other hand it lists rising credit protection costs for cloud vendors and institutional risk warnings; it also summarizes corporate transactions, IPO valuations, and crypto asset ETF fund flows.
Why it matters to readers
This information simultaneously presents optimistic historical statistics and risk warnings; the net outflow data for BTC and ETH spot ETFs reflects the day's fund flows described in the text.
Beginners can treat it as a market observation checklist rather than a definite prediction of rises or falls; historical statistics, credit risk indicators, corporate announcements, and ETF fund flow data should each be verified separately.
Risks and unknowns
The original text is a BlockBeats summary and does not provide original data or independent evidence for each item of news.
It does not state the names of the five major cloud vendors, the specific values of protection costs, or the measurement method.
It does not state the observation period, index scope, or magnitude of gains for the post-midterm election rally statistics.
It does not provide the source or specific conditions for Anthropic's IPO valuation and compute commitments.
It does not provide formal disclosure details of the Marvell and Lumentum acquisition agreement.
Related Developments
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It does not state the statistical source or coverage scope of the BTC and ETH spot ETF net outflow data.
Related concepts
Cost of debt default protection
This term is not in the glossary yet. Browse related concepts in the glossary.
