US Stock Market Pre-market Highlights | Trump’s 10% Global Tariff Takes Effect! AMD and Meta Announce Major Strategic Partnership

Glonghui, February 24｜1. The three major U.S. stock index futures rose across the board, with Nasdaq futures up 0.32%, S&P 500 index futures up 0.12%, and Dow futures up 0.21%. 2. Major European stock indexes showed mixed performance: Germany's DAX index fell 0.08%, the UK's FTSE 100 index fell 0.09%, France's CAC index rose 0.03%, and the Euro Stoxx 50 index fell 0.07%. 3. On Tuesday local time, U.S. President Trump’s newly introduced 10% global tariff officially took effect. 4. JPMorgan CEO Dimon: The U.S. banking industry is similar to the period before the 2008 financial crisis, and the credit cycle is expected to eventually deteriorate again. 5. AMD and Meta have expanded their strategic cooperation; AMD will sell AI chips worth up to $60 billion, and Meta can subscribe for up to 160 million shares of AMD common stock. 6. According to leaks, Apple’s high-end flagship phone iPhone 18 Pro has officially entered the small-batch trial production stage. 7. Apple will purchase over 100 million advanced chips produced by TSMC’s Arizona plant this year. 8. ASML announced progress on EUV light sources, with chip output expected to increase by up to 50% before 2030. 9. SanDisk recently released a teaser poster, hinting at the launch of a new product or technology on February 24, 2026. 10. JPMorgan expects strong growth in Q1 investment banking and trading business, raising this year's net interest income forecast to about $104.5 billion. 11. Eli Lilly has launched the multi-dose weight loss drug Zepbound, with a starting price of $299/month. 12. Paramount Global has raised its acquisition offer for Warner Bros. Discovery, with the industry expecting a bid of $32 per share. 13. OpenAI has established long-term partnerships with Accenture and the other three major consulting firms to promote the deployment of Frontier. 14. Citi reportedly plans to sell a 24% stake in its Mexican retail bank to a consortium including Blackstone. 15. Hims & Hers Health's revenue grew 59% year-on-year to $2.348 billion last year, with subscription users exceeding 2.5 million. Events worth noting during the U.S. stock market session: 22:00 U.S. December FHFA House Price Index MoM / U.S. December S&P/CS 20-City Non-Seasonally Adjusted House Price Index YoY 23:00 U.S. February Richmond Fed Manufacturing Index / U.S. February Conference Board Consumer Confidence Index / U.S. December Wholesale Sales MoM