S&P 500, Nasdaq, Dow futures edge higher with Middle East tensions, earnings in focus

May 5, 2026

S&P 500, Nasdaq, Dow futures edge higher with Middle East tensions, earnings in focus

Breaking News

Image source: Lummi



US stock futures rose on Tuesday, stabilizing after a broad sell-off driven by escalating tensions in the Middle East.

S&P 500 futures moved up 0.3%, while those on the tech-heavy Nasdaq-100 put on 0.5%.

Dow Jones Industrial Average futures edged up roughly 0.3%.

Palantir Technologies beat Wall Street estimates for first quarter revenue and profit, driven by surging sales to commercial clients and the US government sector.

Its revenue jumped 85% amid questions about the impact of AI tools on its software business.

Shares slid in premarket as investors digested the report. Yahoo Finance reports.

EdgeUp

🛰️ Why Firefly Aerospace stock is surging Tuesday

Revenue of $80.88 million beat the consensus estimate of $77.07 million, according to Benzinga Pro. Revenue benefited from its Blue Ghost lunar lander and Electra spacecraft programs.

The space and defense technology company reported a first-quarter adjusted loss of 46 cents per share, beating estimates for a loss of 48 cents per share.

The company ended the quarter with a backlog of roughly $1.3 billion, providing solid long-term visibility, though profitability remained pressured with an adjusted EBITDA loss of $64.7 million due to ongoing investment in growth and innovation. Benzinga reports.


🗄️ Backblaze announces first quarter 2026 financial results, shares surge in pre-market

Backblaze, the high-performance cloud storage platform for the AI era, reported results for its first quarter ended March 31, 2026.

"In Q1, we exceeded the top end of our revenue and Adjusted EBITDA guidance, with B2 growing 24% year over year," said CEO Gleb Budman.

The company highlighted growing traction with AI customers, including new wins with an AI training data company and a generative AI video creation company, contributing about $1.5 million in annual contract value.

Backblaze also reported a 76% year-over-year growth in AI customers, reflecting rising demand as data needs expand with the shift toward multimodal AI models. Businesswire reports.


🧾 3 E Network Technology signs $1.3M convertible note agreement with institutional investor — shares pop in pre-market

3 E Network Technology Group Limited, a B2B IT solutions provider aiming to become a next-generation AI infrastructure company, entered into a Securities Purchase Agreement with an institutional investor on May 1, 2026.

Under the agreement, the company will issue a senior secured 8% original issue discount convertible promissory note with a principal amount of up to $1.3 million, generating gross proceeds of approximately $1.196 million.

The deal also includes a warrant allowing the investor to purchase up to 265,198 Class A ordinary shares at a par value of $0.0025 per share. Globe Newswire reports.


📌 Pinterest posts higher first-quarter sales, monthly users — soars in pre-market

Pinterest posted double-digit growth in sales in the first quarter along with an increase in monthly users.

The social media and image-sharing company reported a loss of $73.6 million, or 12 cents a share, compared with a profit of $8.9 million, or 1 cent a share, a year earlier. WSJ reports.


🧬 Biodesix announces first quarter 2026 results and highlights, shares up 17% in pre-market

Biodesix, a diagnostic solutions company, reported strong financial and operating results for the first quarter ended March 31, 2026.

CEO Scott Hutton highlighted strong momentum across both Diagnostic Testing and Development Services, with test volumes growing 29% and Development Services revenue doubling.

Average revenue per test also increased due to expanded payer coverage and improved revenue cycle management, driving total revenue growth of 42% year over year.

The company raised its full-year 2026 guidance and said it remains on a clear path toward profitability. Globe Newswire reports.

Top 5 Movers in Early Pre-Market

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


1) CLRB: Cellectar Biosciences, Inc.

Total gain: +102.12%

2) BLZE: Backblaze, Inc.
Total gain: +42.89%

3) BDRX: Biodexa Pharmaceuticals Plc
Total gain: +33.01%

4) ACFN: Acorn Energy, Inc.
Total gain: +31.37%

5) STRL: Sterling Infrastructure, Inc.
Total gain: +24.28%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on May 4.
Stock Analysis reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) CNSP: CNS Pharmaceuticals, Inc.
Total gain: +239.25%
The company announced today that it has entered into securities purchase agreements for a private placement financing that is expected to result in gross proceeds of approximately $22.5 million to the Company, before placement agent fees and offering expenses. Access Newswire reports.

2) PN: Skycorp Solar Group Ltd
Total gain: +89.18%
The company announced the signing of a Share Acquisition Agreement (the “Agreement”) on April 30, 2026 to acquire the remaining 56% equity interests in Nanjing Cesun Power Co., Ltd. ("Nanjing Cesun" or the "Target"). Additionally, the Company announced it has entered into definitive Securities Purchase Agreements (the “Agreements”) with three independent institutional investors to raise an aggregate of USD3,000,000 in a private placement (PIPE) transaction. Globe Newswire reports.

3) LHL: Julong Holding Limited
Total gain: +72.84%
The stock appeared to be moving on no notable news.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


IRBT: iRobot
Q1 2026
After Market Close
Estimate: N/A
Actual: N/A

AUDC: AudioCodes
Q1 2026
Before Market Open
Estimate: 0.150
Actual: 0.140

KOS: Kosmos Energy
Q1 2026
Before Market Open
Estimate: 0.020
Actual: -0.070

Today’s Economic Dates

Time (ET)/ Report/ Period

8:30 AM - U.S. trade balance - March
10:00 AM - Job openings - March
10:00 AM - New home sales* (delayed report) - Feb.

Parting Thoughts

“Discipline is choosing between what you want now and what you want most.”

– Abraham Lincoln

Sourced in: Attributed quote — GoodReads.

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