Dow Futures rose 0.02%, S&P 500 Futures rose 0.17%, Nasdaq Futures rose 0.39% as sentiment leaned cautiously constructive.
Micron Technology (MU) rose 4%. The move came as investors repositioned ahead of its fiscal third‑quarter report following a sharp session selloff.
AST SpaceMobile, Inc. (ASTS) rose 2.58%. Shares advanced after Rakuten said it plans a Japan satellite‑to‑cell joint venture to begin phased service from late 2026.
Cerebras Systems fell 12.01%. The drop followed its first post‑IPO report, with lower gross‑margin guidance and continued negative operating margins overshadowing better‑than‑expected revenue.
FedEx fell 6.52%. The stock slid after guidance for 2026 EPS of $16.90–$18.10 trailed forecasts and Express margins contracted despite a fiscal fourth‑quarter beat.
Chip stocks rose, with Direxion Daily Semiconductors Bull 3x Shares (SOXL) rising 1.95%, SUPER MICRO COMPUTER INC (SMCI) climbing 1.38%, Marvell Technology (MRVL) advancing 1.33%, Taiwan Semiconductor Manufacturing (TSM) ticking up 1.08%.
Memory chip stocks rose, with Roundhill Memory ETF (DRAM) rising 2.74%, Western Digital advancing 1.79%, SanDisk Corp. climbing 1.55%.
Among other individual movers, Honda climbed 2.23%, Strategy rose 1%, Newmont Mining fell 1%, Destiny Tech100 Inc (DXYZ) slid 2.15%, Fundrise Innovation Fund LLC (VCX) declined 2.85%.
