Stock Market Today: S&P 500 Futures Rise After Snapping A 7-Day Streak—Nuburu, AZZ, Joby Aviation In Focus

Benzinga

U.S. stock futures rose on Wednesday following Tuesday’s declines. Futures of major benchmark indices were higher.  Shares of Oracle (NASDAQ:ORCL) fell 2.5% on Tuesday, dragging other tech stocks after the company said that it faced financial struggles related to renting out Nvidia (NASDAQ:NVDA) chips.  Meanwhile, following his meeting with Prime Minister Mark Carney, President Donald Trump hinted at potential progress in trade negotiations with Canada but gave no concrete assurances as tariffs continue to strain the neighboring economy.

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00:00all right futures in the green here for this hump day wednesday morning of october 8th

00:12s&p futures here up 0.16 percent dow futures here up 0.23 percent and the nasdaq futures up

00:190.16 percent so very slightly in the green and close to flat but nonetheless still in the green

00:26here today let's take a look at some cues from the last session uh while consumer staples and

00:31utility stocks bucked the trend to close higher most s&p sectors uh ended negatively with

00:37industrials consumer discretionary and communication services recording the biggest losses

00:43uh shares of oracle fell 2.5 percent on tuesday dragging other tech stocks after the company

00:51said it faced financial struggles related to renting out the nvidia chips meanwhile following

00:59his meeting with prime minister mark carney president trump hinted at the potential progress in trade

01:04negotiations with canada but gave no concrete assurances as tariffs continued to strain the

01:10neighboring economy um the 10-year yield the 10 excuse me the 10-year treasury bond yielded 4.11

01:18the two-year bond uh was at 3.56 percent now again i want to go through some of the stocks in focus

01:26here today uh we're also going to be or we're going to be focusing again excuse me on tmq which jumped

01:32eight percent in the pre-market here today continuing its move fueled by the trump administration's

01:37investment in the metal sector sparking interest in rare earths and battery metals another stock here

01:44hey look at this tara nuburu ticker b-u-r-u surged 34.84 percent after the announcement of its defense

01:53subsidiary's acquisition of orbit sri an italian software firm strategic move marks nubru's expansion

02:01into defense software enhancing its mission assurance capabilities so that might be in play here again

02:08today next one here is going to be poet this is ticker p-o-e-t poet technologies they gained 12.94

02:16as it announced that it closed a non-brokered private placement with a single institutional

02:22investor raising 75 million through the sale of 13.6 million shares and accompanying warrants the largest

02:29investment in the company's history uh let's keep the jokes to a minimum here but ticker as ticker a-z-z

02:37that was down one-tenth ahead of its earnings scheduled to be scheduled to be released after

02:41the closing bell uh analysts here are expecting 1.58 per share on revenue of 427.38 million

02:50last stock in focus here today is going to be one that we follow often it's joby ticker j-o-b-y

02:57joby dropped 9.47 as it announced plans to offer and sell 500 million of its common stock in a public

03:05offering

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