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US stock futures showed little movement on Wednesday as surging oil prices and shifting expectations for a September Federal Reserve rate hike weighed on sentiment.
Dow Jones futures fell 0.24%, following Tuesday’s 600-point decline, while S&P 500 futures were near flat and Nasdaq-100 futures slipped 0.16%. Oil prices climbed toward $100 a barrel amid escalating US-Iran tensions and strikes on Iranian oil tankers.
Brent crude traded at around $99 a barrel, while WTI stood near $94. Concerns over prolonged energy disruptions through the Strait of Hormuz pushed markets to price in a 60% chance of a 25-basis-point Fed rate hike this month.
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InnovAge Holding Corp (INNV) stock soared 14.07% to $12.00 in pre-market trading after announcing financial results for the fourth quarter and fiscal year ended June 30, 2026.
SUNation Energy Inc (NASDAQ: SUNE) shares are trading up 24.49% at $2.95 at the time of writing after announcing the completion of an $835 million capital raise comprising both debt and equity financing.
Chime Financial Inc (CHYM) grew over 10.96% to $35.85 in pre-market trading today after announcing that it has entered into a definitive agreement to acquire Stride Bank, N.A. for $590 million in cash.
Sphere 3D Corp (ANY) jumped about 6.94% to $2.62 in pre-market trading Wednesday after announcing that it has entered into a securities purchase agreement for a private placement financing which is expected to result in aggregate gross proceeds of $5.0 million.
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China Renaissance turned bullish on Corning Inc (GLW), upgrading the stock to Buy and assigning a $238 price target, representing potential upside of 43.41% from Tuesday's close.
Sea Ltd (SE) has won the favor of Arete's equity research team. The firm upgraded the shares from Neutral to Buy and moved its price target to $152, suggesting 34.12% additional upside for the stock.
EchoStar Corp (ECHO) received an upgrade from analysts at UBS, who also set their one-year price target on the stock to $150. They changed their rating on ECHO to Buy from Neutral in a recently issued research note.
Morgan Stanley reduced its rating on Peloton Interactive Inc (PTON) stock to Underweight from Equal-Weight and assigned the price target to $4.50.
Arete analysts reduced their investment ratings, saying in research reports covered by the media that its rating for PDD Holdings Inc - ADR (PDD) has been changed to Neutral from Buy and the new price target is set at $93.
Analysts at Arete downgraded Baidu Inc (BIDU) stock to Neutral from Buy, and the new price target is set at $108.
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Hyperscale Data (GPUS) Chief Executive Officer, Horne William B., declared the purchase of shares taking place on Sep 08 '26 at $0.19 for some 60000 shares. The transaction amount was around $11,220.
GMEX Robotics Corp (GMEX) 10% Owner, HRT FINANCIAL LP bought on Sep 04 '26 a total of 3189 shares at $0.77 on average. The purchase cost the insider an estimated $2,462.
NVIDIA Corp (NVDA) Director, STEVENS MARK A announced the sale of shares taking place on Sep 04 '26 at $231.62 for some 622239 shares. The total came to more than $144.12 million.
Super Micro Computer Inc (SMCI) President and CEO, Liang Charles sold on Sep 04 '26 a total 100000 shares at $40 on average. The insider’s sale generated proceeds of almost $4. million.
Top US earnings releases scheduled for today include American Eagle Outfitters Inc (AEO). It will announce its July 2026 financial results. The company is expected to report earnings of $0.21 per share from revenues of $1.37B in the three-month period.
Analysts expect Navan Inc (NAVN) to report a net income (adjusted) of $0.04 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended July 2026 is predicted to come in at $220.49M.
Cooper Companies Inc (COO), due to announce earnings after the market closes today, is expected to report earnings of $1.12 per share on revenues of $1.1B for the recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!
Best Regards,
Stocks Telegraph Team
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