U.S. Pre-Market News | Most blue-chip stocks rise, Expedia up over 16%

On November 7th (Friday), in the pre-market session of U.S. stocks, most blue-chip stocks rose, with Expedia up over 16%, Affirm up over 12%, IREN, Airbnb, and Monster Beverage up over 4%.

Some Chinese concept stocks weakened in the pre-market, with WeRide down over 4%, Alibaba, XPeng, and Pony.ai down over 2%.

In terms of star stocks, Tesla rose over 2% in the pre-market. In news, Tesla shareholders approved a compensation plan worth up to $1 trillion with over 75% of the votes, ending the debate surrounding Musk's compensation and tenure. This compensation agreement also paves the way for Tesla's CEO to become the world's first "trillionaire."

SanDisk surged over 8% in the pre-market, with the company's total revenue in the third quarter (the first quarter of fiscal year 2026) increasing by 23% year-on-year to $2.31 billion, exceeding analysts' expectations of $2.1 billion. The adjusted earnings per share were $1.22, far above the analysts' expectation of $0.89; operating profit skyrocketed 878% quarter-on-quarter to $176 million.

Electric vehicle manufacturer Lucid Group fell 2% in the pre-market. Lucid's third-quarter revenue increased by 68% year-on-year to $340 million, below the market expectation of $380 million; the adjusted loss per share was $2.65, while the market expected a loss of $2.27.

U.S. mobile payment giant Block fell nearly 15% in the pre-market. Third-quarter revenue grew by 2% year-on-year to $6.11 billion, below the market expectation of $6.312 billion; earnings per share were 54 cents, also below the expected 67 cents. Among them, revenue from Bitcoin operations was approximately $1.97 billion, accounting for nearly one-third of total revenue, a year-on-year decline of about 18%.

Opendoor fell nearly 18% in the pre-market, with third-quarter profits significantly below expectations, and the fourth-quarter losses are expected to widen further