Dow, S&P 500, Nasdaq Futures Fall After Tech Rally

US stock futures fell on Wednesday morning as global bonds declined and investors awaited minutes from the Fed's September meeting.

Futures on the Dow Jones Industrial Average (YM=F) slipped 0.4%. Futures on the S&P 500 (ES=F) fell 0.2%, while Nasdaq-100 futures (NQ=F) dropped 0.5% after the two indexes notched record highs the day before.

The yield on 30-year Treasury bonds rose to 5.70%, the highest level since 2002, ahead of the release later today of minutes from the Federal Reserve's September policy meeting, when policymakers raised interest rates to combat inflation.

Sentiment has turned more buoyant in markets this week as bullish earnings estimates have helped lift major indexes to all-time highs. But as Yahoo Finance's Brian Sozzi pointed out on Tuesday, those records belie a highly concentrated market, where the index's top three holdings, Nvidia (NVDA), Apple (AAPL), and Microsoft (MSFT), account for roughly a fifth of the S&P 500.

Factors that have weighed on markets this year could still pose challenges. Brent crude oil futures (BZ=F) remain above $100 per barrel amid the latest Houthi attacks in the Middle East. Bond yields retreated on Tuesday but are still hovering near multidecade highs.

On Wednesday, the Fed's meeting minutes will provide clues as to whether the central bank's September rate hike represented a one-off move or whether policymakers are considering further rate hikes. As of Tuesday, traders priced in roughly 20% odds of a rate hike at the Fed's October meeting next week.

On the earnings docket, Levi Strauss & Co. (LEVI) and Applied Digital (APLD) are set to report results. Yahoo Finance reports.

🐧 Why Penguin Solutions Shares Are Trading Higher by Around 8%

Shares of Penguin Solutions, Inc. (NYSE: PENG) rose sharply in premarket trading after the company reported better-than-expected fourth-quarter financial results and issued FY27 EPS guidance above estimates.

Penguin Solutions reported fourth-quarter revenue of $566.69 million, beating analyst estimates of $516.12 million, according to Benzinga Pro. The AI factory platform company posted adjusted fourth-quarter earnings of $1.00 per share, topping estimates of 78 cents per share.

Penguin Solutions shares jumped 7.7% to $69.10 in premarket trading. Benzinga reports.

💻 AMD CEO Lisa Su Just Struck Another Bullish Note With the Stock on Fire

AMD (AMD) CEO Lisa Su is striking a bullish tone during her overseas chip tour.

During a visit to Seoul on Wednesday to meet with companies including Samsung Electronics and SK Hynix (SKHY), Su said overall data center demand remained "very strong," according to Reuters. Su also said she is seeing "strong demand signals" across AMD's product portfolio.

The comments came a day after a trip to Taipei on Tuesday, where she predicted chip demand would remain strong for years.

Shares of AMD are trading at a record high and are up 200% year to date.

Citi said on Tuesday that the stock could reach further record highs, partly driven by demand for Meta's (META) new AI agent, Muse.

Citi analyst Atif Malik raised his price target on AMD to $800 from $575. Yahoo Finance reports.

🚢 ZIM Stock Nears 52-Week High as Freight Boom Fuels Massive Profit Outlook Hike

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) stock is trading higher Wednesday after the Israeli container shipping company sharply raised its full-year 2026 outlook, citing strong demand and favorable freight-rate trends.

ZIM said Tuesday it now expects adjusted EBITDA of between $2.7 billion and $3 billion for 2026, compared with its previous forecast of $2 billion to $2.4 billion.

The company also raised its adjusted EBIT forecast to between $1.4 billion and $1.7 billion. Its previous outlook called for $700 million to $1.1 billion.

At the midpoint, the new guidance represents a 30% increase in expected adjusted EBITDA and a 72% jump in adjusted EBIT from the outlook ZIM issued on Aug. 19. Benzinga reports.

🎨 NFT Ltd. Stock Soars 27% After Hours on $2.55 Million Offering

NFT Ltd. (NYSE: MI) shares climbed 26.83% to $1.56 in after-hours trading Tuesday after the Hong Kong-based art and collectibles platform announced a $2.55 million registered direct offering.

According to NFT Ltd., the offering covers 1.89 million units at an effective price of $1.35 each. Each unit includes one Class A ordinary share, or a pre-funded warrant in its place, plus one common warrant.

Expected gross proceeds are approximately $2.55 million before placement agent fees, legal fees, and other expenses. Benzinga reports.

🧠 AMD’s Su to Meet Samsung’s Chip Head as Memory Crunch Persists

Advanced Micro Devices Inc.'s chief executive officer plans to meet with the head of Samsung Electronics Co.'s semiconductor business on Wednesday, marking the latest in-person meeting between two key figures in the AI industry.

Lisa Su will meet with Samsung Vice Chairman Jun Young-hyun, who leads the company's chip division, during her visit to South Korea, according to a person familiar with the matter. The person, who asked not to be named while discussing private matters, did not provide further details. Yahoo Finance 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) BIYA: Baiya International Group Inc.
Total gain: +73.63%

2) LPCN: Lipocine Inc.
Total gain: +58.57%

3) APUS: Apimeds Pharmaceuticals US, Inc.
Total gain: +19.92%

4) NEOG: Neogen Corporation
Total gain: +13.21%

5) CHNR: China Natural Resources, Inc.
Total gain: +13.15%

The closing price of the top three market percent gainers trading near or above $2 on Oct 6.

(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) APUS: Apimeds Pharmaceuticals US, Inc.
Total gain: +55.34%

The stock appeared to be moving on no notable news.

2) IPDN: Professional Diversity Network, Inc.
Total gain: +48.71%

The stock appeared to be moving on no notable news.

3) OPCH: Option Care Health, Inc.
Total gain: +32.65%

The company announced that they have entered into a definitive agreement, under which CD&R and McKesson will acquire Option Care Health, an independent provider of home and alternate site infusion services, for $32.05 per share, reflecting a total enterprise value of approximately $5.8 billion. At the closing of the transaction, CD&R will hold a majority ownership interest, and McKesson will hold a minority ownership interest. Option Care Health will remain a separate company led by its own management team. TipRanks reports.

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

LEVI

Levi Strauss

Q3 2026

After Market Close

Estimate: 0.360

Actual: N/A

APLD

Applied Digital

Q1 2027

After Market Close

Estimate: -0.290

Actual: N/A

RELL

Richardson Electronics

Q1 2027

After Market Close

Estimate: 0.090

Actual: N/A

Time (ET) / Report / Period

• 2:00 PM / Federal Open Market Committee meeting minutes
• 3:00 PM / Consumer Credit / Aug.

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