US PRE-MARKET MOVERS: MS, BAC, PNC, SNAP, GTLB, AVGO, AMT, ASML, SEDG, WULF

ES flat NQ flat RTY -0.2% MS +2.6%: EPS, rev., NII & FICC sales all surpass exp. BAC +1.4%: EPS, rev., & NII topped although FICC trading rev. missed PNC -0.3%: Top line & NII light SNAP +9%: Raises Q1 outlook & will lay off ~16% of its workforce GTLB +6%: Expanded its partnership w/ Google Cloud AVGO +2.9%: Co. & META announced multi-year, multi-gen strategic partnership to support Meta’s AI compute infrastructure, extending through 2029 AMT +1.1%: Upgraded at Mizuho ASML -1.1%: Next Q rev. guide light, but did raise FY net sales view w/ strong Q1 numbers SEDG -2.6%: Downgraded at Goldman WULF -8%: Announced disappointing prelim Q numbers Smartphones: IDC said global smartphone market fell 4.1% in Q1 as a memory chip shortage & Iran war pressured costs & growth