Overview:

Universal Music Group shares surged more than 13% in Amsterdam after Pershing Square's $64.4 billion (€55.8 billion) bid valued UMG at €30.40 per share — a 78% premium to its April 2 close of €17.10. The S&P 500 opened Tuesday at approximately 6,587 and traded down 0.2%, while the Nasdaq Composite shed 0.4% from its Monday close of 21,996.34. WTI crude oil jumped roughly 2% to near $115 per barrel as overnight U.S. strikes on Kharg Island, Iran's primary oil export hub, intensified supply fears

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The PreMarket Desk at PreMarket Daily covers US equity pre-market analysis, publishing before the 9:30 AM EST open every trading day. Analysis is cross-referenced with live real-time market data and news,...