Stock futures are slightly higher after the tech-heavy Nasdaq hit a new all-time-high; Nebius Group (NBIS) shares are soaring after the company inked an AI infrastructure deal with Microsoft (MSFT); Lachlan Murdoch gains control of the media empire that includes Fox (FOX) and News Corp (NWS); Oracle (ORCL) is expected to report revenue growth when it delivers quarterly earnings after the closing bell; Teck Resources (TECK) and Anglo American announce merger to form copper mining giant; and Apple launches its iPhone 17. Here’s what investors need to know today.
1. Stock Futures Tick Higher as Indexes Hover Near Record Highs
Stock futures are slightly higher this morning after the tech-heavy Nasdaq Composite hit a new record high on Monday, as stocks rallied amid expectations that the Federal Reserve will cut interest rates soon. The benchmark S&P 500 and the Dow Jones Industrial Average come into today’s session just below all-time highs of their own. Bitcoin (BTCUSD), which has been under pressure in recent weeks, is up slightly at $112,500. The yield on the 10-year Treasury note is ticking higher after hitting its lowest level since April yesterday, while gold and oil futures are also edging upwards in early trading. (Read Investopedia’s real-time markets coverage here.)
2. Nebius Group Soars on AI Deal with Microsoft
Nebius Group (NBIS) shares are up more than 50% in premarket trading after the AI infrastructure company announced a multi-year deal with Microsoft (MSFT). Amsterdam-based Nebius will provide Microsoft with dedicated capacity at its new data center in Vineland, New Jersey starting later this year, the company said. CNBC reported the deal was worth $19.4 billion. AI chipmaker Nvidia (NVDA) owns a stake in Nebius. “The deal will also help us to accelerate the growth of our AI cloud business even further in 2026 and beyond,” said Nebius CEO Arkady Volozh. Microsoft and Nvidia shares inched higher in premarket trading.
3. Lachlan Murdoch Gains Control of Fox, News Corp in New Family Deal
A deal has been reached to end the yearslong fight over control of the media empire founded by Rupert Murdoch that includes Fox News and The Wall Street Journal. Lachlan Murdoch, who is the CEO of Fox (FOX) and chair of News Corp (NWS), will take control of the trust that holds sizable stakes in both of his father’s companies. As part of the deal, Rupert Murdoch’s children Prudence MacLeod, Elisabeth Murdoch and James Murdoch will end their claim to the company. Shares of Fox and News Corp were each down nearly 5% in recent premarket trading.
4. Oracle Expected to Grow Quarterly Revenue Amid New Cloud Deals
Investors are awaiting quarterly results from Oracle (ORCL), which are scheduled to be released after markets close today. The cloud computing giant is expected to post a 13% year-over-year jump in quarterly revenue to $15 billion, according to analysts tracked by Visible Alpha. Meanwhile, its adjusted earnings per share are expected to increase to $1.48. The report comes after Oracle shares hit an all-time-high earlier this year on the announcement of $30 billion in new cloud deals. The stock, which has gained more than 40% since the start of 2025, was up about 1% in premarket trading.
5. Teck, Anglo American Merge to Form Copper Mining Giant
Mining firms Teck Resources (TECK) and Anglo American have agreed to merge to form a new global minerals company that will be one of the world’s largest producers of copper. The new company, to be called Anglo Teck, will have a combined market capitalization of more than $53 billion. “Anglo Teck will hold an industry-leading portfolio of producing operations, including six world-class copper assets, alongside high-quality premium iron ore and zinc businesses,” Teck said in a release. Shares of Canada-based Teck Resources were up about 17% in premarket trading, while U.K.-based Anglo American gained about 8% in London trading.
