Stock futures rose modestly Wednesday as Wall Street monitored developments in the conflict between Israel and Iran that now has entered its sixth day and turned its attention to the Federal Reserve's policy-setting meeting at which the central bank widely is expected to hold steady on interest rates.
These stocks were poised to make moves Wednesday:
Tesla Motors rose 0.6% in premarket trading. Shares of the electric-vehicle maker fell 3.9% on Tuesday, but that followed gains of 1.9% and 1.2% on Friday and Monday. Shares have been bobbing up and down ahead of the expected robotaxi launch this weekend.
Advanced Micro Devices rose 2% in premarket trading.
Crypto stocks jumped in premarket trading on Wednesday after the Senate passed the Genius Act, a bill to regulate stablecoins, the lifeblood of the crypto market. SharpLink Gaming rose 6%; Circle Internet Corp. rose 3%; TeraWulf Inc. rose 2%; Coinbase Global, Inc., Canaan Inc. rose 1%.
Oil stocks jumped again in premarket trading on Wednesday. Robin Energy rose 15%; US Energy rose 8%; TMD Energy rose 6%.
Regencell Bioscience Limited shares pulled back 15% in premarket trading on Wednesday after soaring 30% Tuesday.
Sunrun was falling 1% after the provider of solar and battery-storage systems sank 40% on Tuesday after revisions made by Senate Republicans to the House's tax-and-spending bill included a phase out of solar, wind, and energy tax credits by 2028. It was Sunrun's largest single-day percentage decrease on record, according to Dow Jones Market Data. Shares of Enphase Energy, First Solar, and SolarEdge Technologies traded higher in premarket trading after each stock plunged in the previous session.
Peloton Interactive rose 2%. Shares of the connected-fitness company declined 12% on Tuesday after the Senate's version of the budget bill omitted House provisions that had allowed for health savings accounts to be used for some sports and fitness expenses.
Singapore-based Bitdeer Technologies Group fell 2.4% after the Bitcoin mining technology company said it plans to offer $300 million of convertible senior notes.