Stock Market Today: S&P 500, Nasdaq Futures Rise After Big Tech-Led Decline— Tesla, Expedia, IREN, Archer Aviation In Focus

Benzinga

U.S. stock futures rose on Friday after Thursday’s declines. Futures of major benchmark indices were higher.  Thursday’s action was part of a broad selloff across Wall Street that saw U.S. stocks settle lower, with the Nasdaq Composite dipping more than 400 points during the session.  Risk-off sentiment returned sharply, with AI-linked stocks leading the decline and renewed pressure hitting crypto markets.

Transcript

00:00all right u.s stack futures under pressure here ahead of friday's open s p futures down point

00:11four one percent dow futures down point three three percent and the nasdaq leading the way

00:17lower down point five four percent let's go ahead and take a look at some cues from last session

00:23here most sectors on the s p 500 closed on a negative note with communication services consumer

00:29discretionary and information technology recording the biggest losses on thursday however energy and

00:35health care stocks bucked the overall market trend and closed higher thursday's action was part of a

00:42broad sell-off across wall street that saw u.s stocks settle lower with an asdaq composite dipping more

00:47than 400 points during the session risk off sentiment returned sharply with ai link stocks leading the

00:54decline and renewed pressure hitting the cryptocurrency market meanwhile reports emerged that the donald trump

01:00administration has decided to block nvidia's sale of its latest scaled down ai chips to china the 10-year

01:07treasury bond yielded 4.11 and the two-year bond was at 3.58 now as for our stocks in focus here today

01:15we're going to start with tesla ticker t-s-l-a that rose 2.08 percent in the pre-market on friday as its

01:22shareholders approved the trillion dollar pay package for elon musk during the company's annual

01:26shareholder meeting initially it spiked yesterday we are actually sitting a little bit lower here

01:33today it was a little bit higher in the pre-market but it is since reversed holding here 443 so far

01:39next on our list of stocks in focus is iren what a huge winner this has been congrats to everybody in

01:45the group that has been looking at iren or trading it that jumped 5.18 percent after its first quarter

01:51revenue came in at 240.3 million which beat the street estimate of 235.5 uh iren's just been an

01:59absolute monster we'll see how that trades here today i'd love to know if any of you folks are

02:02trading it and those of you that are long in it what's your exit plan if any archer h aviation is

02:10our next stock that's ticker achr that dropped 8.33 percent after reporting third quarter loss of 20

02:16cents per share it also signed definitive agreements to acquire hawthorne airport in los angeles for 126

02:22million in cash i actually have no experience with hawthorne airport but uh nonetheless they have

02:27their own airport now take two interactive software ticker ttwo tumbled 6.26 percent despite reporting

02:35better than expected second quarter financial results for fiscal 2026 as the company said that

02:40the long-awaited release of grand theft auto 6 is still more than a year away yeah i thought we

02:47were supposed to get that here pretty soon been a long time since i've played grand theft auto myself

02:51last stock on our list here is going to be expedia group this is ticker e x p e and it soared 15.23

02:58percent after online travel company posted stronger than expected third quarter results and raised its full

03:05year outlook at that momentum score seems to be building and has an intact trend short medium and long term

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