The Dow Jones Industrial Average opened down 0.1%, the S&P 500 fell 0.3%, and the Nasdaq Composite declined 0.5% at the market open.

SUPER MICRO COMPUTER INC plunged 27% following reports of illegal smuggling of AI servers and the arrest of its co-founder.

FedEx shares climbed 7.0% after the company reported better-than-expected third-quarter results and raised its full-year profit guidance.

Firefly Aerospace Inc. advanced 10.1% as its fourth-quarter revenue surged and losses narrowed.

Planet Labs Pbc jumped 19.7% after exceeding expectations for both quarterly performance and future guidance.

XPeng Inc. dropped 4.0% despite reporting its first-ever quarterly profit.