Dow, S&P 500, Nasdaq Futures Rise During US-Iran Talks

Image source: AI Generated

US stock futures rose early on Wednesday as investors watched for updates on negotiations between the US and Iran amid the ongoing AI boom.

Futures attached to the Dow Jones Industrial Average (YM=F) rose .4%, the benchmark S&P 500 (ES=F) traded up .3%, and Nasdaq 100 futures (NQ=F) climbed 0.5%.

On Tuesday, the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) both rose to record highs. Optimism that the US and Iran could reach a lasting peace agreement somewhat soon, as well as confidence in the chip trade, lifted markets.

A conclusive end to the US-Iran war, however, remains murky, with Secretary of State Marco Rubio cautioning that any deal would likely take a few days to formalize. In the meantime, the Strait of Hormuz remains mostly shut to commercial traffic.

Nevertheless, oil (BZ=F) continues to drift lower.

Earnings season continues to wrap up this week, with Marvell Technology (MRVL), Salesforce (CRM), Snowflake (SNOW), and Abercrombie & Fitch (ANF) set to report their results Wednesday. Yahoo Finance reports.

🔭 Rigetti Shares Pull Back After Quantum Rally, Market Eyes Next Catalyst

Rigetti Computing was down early Wednesday as the quantum-computing stock lost ground after recent spikes. Shares ended Tuesday at $25.07, off 5.13%, following big gains of 30.57% on May 21 and 19.87% on May 22. Premarket quotes had Rigetti slipping further to $24.50 at about 4:43 a.m. EDT.

This is the situation now. Investors have new company news to trade, while they also gauge if last week’s government-led rally got out in front of what’s still a small commercial base for quantum hardware.

Hardware news comes days after the U.S. Department of Commerce said it sent out nine letters of intent for $2.013 billion in incentives under the CHIPS and Science Act.

That includes as much as $100 million for Rigetti for work on superconducting quantum tech. The CHIPS and Science Act is the U.S. law for funding domestic semiconductor and advanced-technology projects. TechStock reports.

🛰️ Momentus Shares Soar After $200 Million Filing

Momentus Inc. jumped 96.6% to $14.51 late Tuesday, after the space-infrastructure company filed to register up to $200 million in securities for possible sale. Shares hit a session high of $15.34. About 74.5 million shares changed hands in the busy session, nearly doubling the stock.

Momentus is aiming to turn investor focus to government space deals and work on its balance sheet, but still wants the option to raise more cash. The company’s Form S-3 showed up Tuesday on its investor relations page, next to a Form 4 disclosure.

Momentus filed a shelf registration, allowing it to sell different types of securities—including common and preferred stock, debt, warrants or units—whenever it chooses, after more paperwork. The company said the last reported price for its shares on Nasdaq was $7.38 as of May 22. Market value of stock held by non-affiliates was put at roughly $79.8 million. TechStock reports.

🔋 Plug Power Shares Gain, Cash Still an Issue

Plug Power shares moved higher late Tuesday. The hydrogen fuel-cell maker saw another session of strong volume. Traders are waiting to see if margin gains can steady the stock’s volatile rally and help it hold a turnaround.

The stock last traded at $3.84, up around 1.5%. It moved in a range from $3.685 to $4.02. Volume topped 111 million shares, close to its typical heavy turnover.

S&P 500 rose 0.6% and the Nasdaq Composite gained 1.2% as stocks moved up, both setting new record closes. The Dow slipped 0.2%, AP market data showed. Investors were picking up risk assets.

Plug (PLUG) stock is on the move, with investors shrugging off what was a solid first quarter. The company doesn’t have a firm path to steady profit. Plug’s hydrogen business is still losing cash and big projects won’t add revenue for years. That situation hasn’t changed for now. TechStock reports.

🧩 Marvell Technology Surges Over 6% In Pre-Market Ahead Of Q1 Earnings

Marvell Technology Inc. (NASDAQ:MRVL) shares jumped 6.17% to $221.12 in pre-market trading on Wednesday, extending a 6.08% prior day gain, as investors positioned ahead of the company’s fiscal first quarter 2026 earnings report due after the closing bell. Benzinga reports.

📡 Why Semtech Shares Are Trading Higher By 7%

Shares of Semtech Corp (NASDAQ:SMTC) rose sharply in pre-market trading after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.

Semtech reported quarterly earnings of 51 cents per share, which beat the consensus estimate of 45 cents, according to Benzinga Pro data. Quarterly revenue came in at $291 million, which beat the analyst consensus estimate of $283.45 million and was up from $251.1 million in the same period last year.

Semtech shares jumped 7% to $175.99 in pre-market trading. Benzinga reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) FGL: Founder Group Limited

Total gain: +1.560 (82.98%)

2) SNGX: Soligenix, Inc.

Total gain: +0.522 (101.75%)

3) NNVC: NanoViricides, Inc.

Total gain: +0.480 (31.79%)

4) MNTS: Momentus Inc.

Total gain: +4.32 (27.91%)

5) AEMD: Aethlon Medical, Inc.

Total gain: +0.650 (26.53%)

The closing price of the top three market percent gainers trading near or above $3 on May 26.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET)
Stock Analysis reports.

1) MNTS: Momentus Inc.

Total gain: +8.10 (109.76%)

The company announced the granting of inducement awards to six new employees under Momentus’ 2022 Inducement Equity Plan. In accordance with NASDAQ Listing Rule 5635(c)(4), the awards were approved by Momentus’ Compensation Committee and made as a material inducement to each employee’s entry into employment with the Company. Business Wire reports.

2) AIMD: Ainos, Inc.

Total gain: +1.630 (106.54%)

The stock appeared to be moving on no notable news.

3) CPSH: CPS Technologies Corporation

Total gain: +5.12 (85.33%)

The stock appeared to be moving on no notable news.

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

CCG
Cheche Group
Q1 2026

Before Market Open
Estimate: N/A
Actual: N/A

CRM
Salesforce
Q1 2027

After Market Close
Estimate: 2.960
Actual: N/A

LOOP
Loop Industries
Q4 2026

After Market Close
Estimate: -0.070
Actual: N/A

“The essence of investment management is the management of risks, not the management of returns.”

– Benjamin Graham

Sourced in: The Intelligent Investor — GoodReads.