Nasdaq, S&P 500 Futures Edge Lower Before Fed Call, Earnings Rush: Why POET, MRVL, NVDA, ORCL, SLS Are In Focus

• Markets eased from record highs as investors brace for the Fed rate decision and a crucial wave of Big Tech earnings. 
• Brent oil prices surged above $110 amid renewed geopolitical tensions in the Middle East.
• Gold slips to a three-week low, signaling mixed safe-haven positioning.

U.S. stock futures retreated from record highs early Tuesday as investors tread carefully ahead of big tech earnings and the Fed's rate decision tomorrow. Geopolitical tensions are also weighing on sentiment. Hopes for a swift resolution to the conflict in the Middle East dimmed after President Trump reportedly expressed skepticism over Iran’s latest peace proposal.

Brent crude soared above $110, while gold slipped to a three-week low. As of 4:00 a.m. ET on Tuesday: Nasdaq futures declined 0.5%, S&P 500 futures slipped 0.3%, Russell 2000 futures were down 0.1%, while Dow futures were flat. 

Retail sentiment toward the SPDR S&P 500 ETF (SPY), an exchange-traded fund that tracks the S&P 500 Index, has moved back to ‘bullish’ territory, while the Invesco QQQ Trust (QQQ) ETF, which tracks the Nasdaq-100 Index, has remained ‘bearish’, as the tech sector heads into a critical earnings stretch. 

Trending Stocks To Watch

Poet Technologies (POET): Shares were down another 9% in early pre-market trade on news that Marvell Technologies (MRVL) canceled a purchase order connected to its Celestial AI unit. 

Sellas Lifesciences (SLS): A portfolio manager, Commonwealth Equity Services, known for backing several “Magnificent Seven” stocks, increased its stake in the cancer drugmaker ahead of a survival-event trigger in its Phase 3 acute myeloid leukemia (AML) program.

Nvidia (NVDA) has solidified its status as the most valuable company in the world after hitting a new 52-week high on AI-driven momentum in Monday’s session. 

Google (GOOGL) has reportedly joined OpenAI and xAI in signing a deal with the U.S. Department of Defense to allow its AI models to be used for classified military work. 

Oracle (ORCL) is attracting retail interest, driven by buzz around OpenAI's financial health and Oracle’s role as its primary AI backbone. 

Bed Bath & Beyond (BBBY) is trending on retail radar after reporting its first quarterly revenue growth in five years. 

Joby Aviation (JOBY): A successful air-taxi demo and a confirmed target for passenger flights in late 2026 are driving this stock 3% higher in early premarket trading. 

Dynatrace (DT): Activist investor Starboard Value has reportedly built a significant stake in the AI software maker. 

Intellia Therapeutics (NTLA) and Rocket Labs (RKLB): Cathie Wood’s ARK Invest sold off a portion of its position in Rocket Labs, while adding on to Intellia Therapeutics. 

Other tickers trending on Stocktwits at the time of writing included Moolec Science SA (MLEC), Canadian Solar Inc (CSIQ), Vir Biotechnology (VIR), and Nio Inc (NIO).

Other Catalysts To Watch

On the economic front, traders will be watching the release of the JOLTS Job Openings and CB Consumer Confidence reports this morning.

On earnings radar, watch out for quarterly reports from UPS (UPS), General Motors (GM), Commvault Systems (CVLT), JetBlue (JBLU), Sysco (SYY), Spotify (SPOT), Coca-Cola (KO), T-Mobile (TMUS), Kimberly Clark (KMB), Centene (CNC), and Zimmer Biomet (ZBH), before the bell.

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