SE News & Events

S&P futures are lower and the Nasdaq is under greater pressure as semiconductor stocks pull back following a massive multi-week run. AI-driven enthusiasm pushed the S&P 500 and Nasdaq to fresh records yesterday, but investors are now confronting a harder macro backdrop than previously anticipated. The rally ran into hotter inflation fears and fading momentum in the AI trade. Crude is back above $100 as hopes for a durable U.S.-Iran ceasefire continue to deteriorate, with President Trump describing negotiations as being "on life support." Markets are now juggling several variables simultaneously: oil shock risk, sticky inflation, geopolitical escalation, rising yields, and increasingly concentrated equity leadership. Still, the bull case hasn't disappeared. Earnings remain strong overall, labor markets are cooling without collapsing, and AI capital expenditures trends continue to support forward estimates.In pre-market trading, S&P 500 futures fell 0.27%, Nasdaq futures fell 0.7% and Dow futures are flat.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Wendy'sup 15% after Financial TimesTrian Fund Management is seeking investor backing for a bid to take the company privateUP AFTER EARNINGS -Zebra Technologies (ZBRA) up 14%Sea Limitedup 10%SI-Boneup 8%Tencent Musicup 6%Qnity Electronicsup 3%Rigetti Computingup 2%JD.comup 1%DOWN AFTER EARNINGS -ZoomInfodown 33%Hims & Hersdown 15%Under Armourdown 14%GoProdown 6%On Holdingdown 4%LOWER -GameStop'sand eBaydown 2% and 1%, respectively, after eBay announced that the company's board of directors has determined to reject GameStop's unsolicited, non-binding acquisition proposal

Reports Q1 revenue $7.1B, consensus $6.4B. "We have had a strong start to the year. 2026 is a year where we are leaning in to deepen our competitive moats, while maintaining financial discipline. Our strong revenue growth reflects the effectiveness of these investments, and we are already seeing unit economics start to improve for some of these initiatives. We believe this is the right approach to maximize long-term value, given the significant runway for growth still ahead of us in our markets," said CEO Forrest Li. "We have taken a practical, results-oriented approach, embedding AI into our operations to drive better outcomes for our users and greater efficiency across our platform. Across our ecosystem, we see the AI era as creating significant opportunities for a company like ours - with established scale, rich cross-vertical data, and deep local expertise."

Notable companies reporting before tomorrow's open, with earnings consensus, include Under Armour (UAA), consensus (2c)... On Holding (ONON), consensus 27c... Tencent Music (TME), consensus $1.37... JD.com (JD), consensus 57c... Qnity (Q), consensus 92c... Sea Ltd. (SE), consensus 77c... Zebra Technologies (ZBRA), consensus $4.25.