U.S. stock futures are little changed after indexes rose yesterday on Iran-Israel ceasefire news, with the Nasdaq setting a record closing high; FedEx (FDX) shares are plunging in premarket trading after it did not provide a full-year outlook; Micron Technology (MU) is set to report quarterly results after the bell; Tesla’s (TSLA) EU registrations plummeted for a fifth straight month in May; and BlackBerry (BB) shares are soaring on the firm’s better-than-expected results and boosted revenue outlook. Here’s what investors need to know today.
1. US Stock Futures Little Changed After Nasdaq Sets New All-Time High
U.S. stock futures are little changed after indexes soared yesterday following the announcement of a ceasefire between Israel and Iran. Oil futures are ticking higher after declining Tuesday on optimism over the ceasefire.  Nasdaq futures are up by nearly 0.2% after the tech-heavy index closed at a record high yesterday, while S&P 500 futures are edging higher after the benchmark index ended less than 1% from its all-time high. Dow Jones Industrial Average futures are ticking lower. Bitcoin (BTCUSD) is rising to trade above $107,000, and gold futures also are moving higher. The yield on the 10-year Treasury note is little changed.
2. FedEx Stock Drops as Shipping Giant Does Not Provide Full-Year Outlook
FedEx (FDX) shares are falling 5% in premarket trading as the shipping giant did not provide full-year profit and revenue projections in its fiscal 2025 fourth-quarter report. After the bell Tuesday, FedEx’s Q4 results topped analysts’ estimates but it declined to issue fiscal forecasts, citing uncertainty over U.S. trade policies. For the first quarter, FedEx said it expects adjusted earnings per share of $3.40 to $4.00, below Visible Alpha consensus. FedEx shares are down nearly 20% so far this year entering Wednesday.
3. Micron Set to Report Results After Closing Bell
Traders are expecting a sizable move from Micron Technology (MU) stock following its scheduled fiscal third-quarter report after markets close today. Options pricing suggests traders anticipate the shares could move close to 8%, or nearly $10, in either direction in the two days following the chipmaker’s report. Analysts surveyed by Visible Alpha are anticipating that Micron will report a 30% year-over-year sales jump amid expectations it could benefit from growing AI demand. Micron shares, which have gained 52% this year entering Wednesday, are little changed in premarket trading.
4. Tesla EU Sales Plummet Again
Tesla’s (TSLA) sales in the European Union (EU) tumbled for a fifth consecutive month in May even though overall battery-electric vehicle registrations in the bloc surged 25% year-over-year. European Automobile Manufacturers’ Association data showed that Tesla’s EU new car registrations, which serve as a proxy for sales, plunged almost 41% in May and have dropped 45% over the first five months of 2025. Tesla’s percentage of new car registrations in the EU fell to 0.9% in May from 1.6% a year earlier. Tesla shares are up nearly 1% in premarket trading.
5. BlackBerry Stock Soars on Strong Results, Boosted Revenue Outlook
BlackBerry Limited (BB) stock is jumping 9% in premarket trading after the cybersecurity and Internet of Things (IoT) services firm’s fiscal 2026 first-quarter results topped analysts’ estimates and it raised its full-year revenue forecast. Once a noteworthy device maker, BlackBerry posted adjusted earnings per share of 2 cents on revenue that fell 1.3% year-over-year to $121.7 million, both better than Visible Alpha consensus. BlackBerry now projects fiscal 2026 sales of $508 million to $538 million, up from $504 million to $534 million. BlackBerry shares have gained 15% this year entering Wednesday.
