U.S. Equity Futures Little Changed, Tech Stocks Mixed Performance
In the opening hour of the evening session, U.S. equity futures are little changed, with S&P 500 e-minis at 6.865 and Nasdaq 100 just above 25,620. Commodities, meanwhile, are down slightly - WTI Crude Oil is backing away from two-week highs above $60 per barrel after Energy prices rallied on Thursday, with the Russia-Ukraine stalemate becoming ever-more apparent. Gold retreated below $4,240 and Silver has pulled back over the past two days from record highs near $60.Energy and Industrials were some of the best performing sectors on the S&P 500 on Thursday, while Health Care and Consumer Staples lagged. Better than expected weekly claims drove traders away from the safety of Treasuries as the yield on the benchmark 10-year rose toward 4.1% and the Vix fear gauge retreated to one-month low below 16 level. Tech traded mixed, with relative outperformance in the Software space, while Communication Services was paced by the outsized gains by Meta Platform, which rallied over 3% on reports that the company is seeking to control its runaway investment by cutting up to 30% of spending dedicated to the metaverse.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Rubrikup 16.4%The Cooper Companiesup 13.5%Zumiezup 13.4%Ulta Beautyup 6.0%ServiceTitanup 6.0%IDTup 4.7%Samsaraup 1.6%ALSO HIGHER -Praxis Precision Medicinesup 23.2% after results from EMBOLD relutrigine studyDOWN AFTER EARNINGS -Domodown 14.1%HP Enterprisedown 9.6%SentinelOnedown 8.8%DocuSigndown 5.8%ALSO LOWER -Oklo Inc.down 7.0% after $1.5B equity shelfSoFi Technologiesdown 6.2% after equity offering
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Quantum Secure Encryption Corp Joins CADSI to Enhance Defense Position
- Market Potential: The global Zero Trust security market is projected to reach $190.27 billion by 2035, as organizations rapidly shift to systems that verify every identity in response to tightening data control regulations across over 100 countries, thereby driving demand for quantum security solutions.
- Strategic Partnership: Quantum Secure Encryption Corp has joined the Canadian Association of Defence and Security Industries (CADSI), enabling access to senior decision-makers within the Canadian Armed Forces and international defense partners, fostering policy dialogue and enhancing its influence in national security.
- Technology Readiness: QSE's technology platform is market-ready and holds Level 2 Certification under the CyberSecure Canada program, ensuring robust compliance and security as it executes its global expansion roadmap throughout 2026.
- Funding Support: The company recently secured C$2.8 million in financing, ensuring sufficient operational funds to accelerate market promotion and technology deployment over the next year, further solidifying its competitive position in the post-quantum cryptography market.
Quantum Secure Encryption Corp Joins CADSI to Enhance Security Position
- Market Potential: The global Zero Trust security market is projected to reach $190.27 billion by 2035, as organizations rapidly shift to systems that verify every identity in response to tightening data control regulations across over 100 countries, thereby driving demand for quantum security encryption technologies.
- Strengthened Industry Collaboration: Quantum Secure Encryption Corp. (QSE) has joined the Canadian Association of Defence and Security Industries (CADSI), providing access to senior decision-makers in the Canadian Armed Forces and international defense partners, aiming to promote the deployment of post-quantum controls and enhance its influence in the defense security sector.
- Technology Readiness: QSE's technology platform is market-ready and certified, holding Level 2 Certification under the CyberSecure Canada program, ensuring it can meet the growing security demands during its global expansion, particularly in key markets like Indonesia.
- Strong Financing Support: QSE recently secured C$2.8 million in financing, ensuring ample funding for its global expansion roadmap throughout 2026, with expectations to convert public sector engagements into sustainable revenue streams.
