U.S. Stock Futures Modestly Higher, Tech Stocks Rebound
Stock futures are modestly higher this morning, with tech attempting to rebound after weakness in semiconductors and AI names earlier in the week. The main focus today is not whether rates move, as markets broadly expect rates to stay unchanged, but rather the tone of the Fed statement and new Fed Chair Kevin Warsh's press conference. Investors are looking for clues on whether policy remains biased toward eventual easing or whether sticky inflation and energy-related concerns push the Fed toward a more cautious stance. Hopes surrounding a U.S.-Iran agreement have pressured oil prices lower from recent highs, easing some inflation concerns and helping sentiment recover after recent volatility.In pre-market trading, S&P 500 futures rose 0.10%, Nasdaq futures rose 0.57% and Dow futures fell 0.01%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Aehr Test Systemsup 8% after announcing follow-on production order for a wafer-level burn-in systemAST SpaceMobileup 7% after launching three new satellites into orbitGenco Shippingand Dianna Shippingup 5% and 1%, respectively, after Dianna issued an increased buyout proposal to GencoFigmaup 3% after Citi initiated coverage of the stock with a Buy rating and $36 price targetUP AFTER EARNINGS -La-Z-Boyup 17%Jabilup 6%CarMaxup 1%LOWER -Lionsgate Studiosdown 7% after a report pushed back on the idea that Netflixwas interested in buying the company
