AquaBounty Files $350M Mixed Securities Shelf

FedEx Financial Results: FedEx Corporation's shares rose 4.8% in pre-market trading after reporting better-than-expected Q1 fiscal 2026 results, with projected revenue growth of 4% to 6% and plans for $1 billion in permanent cost reductions.

Pre-Market Stock Movements: AGM Group Holdings saw a significant 111.6% increase after a sale announcement, while other notable gainers included AlphaVest Acquisition Corp (+71.4%) and 22nd Century Group (+45.5%). Conversely, Reviva Pharmaceuticals experienced a sharp decline of 28.8% following a public offering announcement.

Market Overview: U.S. stock futures rose on Thursday following a mixed performance on Wednesday, with major indices showing gains. The Federal Reserve cut interest rates by 25 basis points, indicating potential further easing due to a cooling labor market and employment risks.

Sector Performance: Most sectors in the S&P 500 closed positively, particularly consumer staples, financials, and materials, while information technology and industrials lagged. Individual stocks like General Mills exceeded expectations, while Manchester United's shares fell after mixed results.

Economic Indicators: U.S. housing starts dropped 8.5% in August, missing estimates, and building permits also declined. Analysts suggest that the S&P 500 could see substantial growth in the second year of the Fed's rate-cutting cycle, provided the economy avoids recession.

Future Projections: The Federal Reserve's projections indicate a shallow path for interest rate cuts through 2026, with uncertainty surrounding economic conditions. Analysts warn of potential risks, including high government deficits and geopolitical instability, which could impact market performance.