Nasdaq, S&P 500 Futures Rise Ahead Of Trump Address On Iran: Why NKE, TSLA, USO, BYND, MU Are Keeping Traders Engaged Today

• President Donald Trump hinted at a potential end to military involvement in Iran within weeks.
• With a formal address scheduled for 9 PM ET, traders are cautiously pricing in a de-escalation scenario.
• Weak earnings drag Nike Inc. and Beyond Meat Inc. lower.

U.S. stock futures extended their rebound rally into early Wednesday, with traders reacting to President Trump’s surprise announcement that U.S. military involvement in Iran could end within two to three weeks. He is scheduled to deliver a formal televised update tonight at 9 PM ET.

As of 4:00 a.m. ET on Wednesday, Nasdaq and Russell 2000 futures rose 0.7%, Dow and S&P 500 futures gained 0.6%.

Despite the green start, retail sentiment toward the SPDR S&P 500 ETF (SPY), an exchange-traded fund that tracks the S&P 500 Index, has moderated to ‘bearish’, while the Invesco QQQ Trust (QQQ) ETF, which tracks the Nasdaq-100 Index, has been languishing at ‘extremely bearish’ amid high trading volume. 

Trending Stocks To Watch

Nike (NKE): The stock fell another 10% in early pre-market trading after guiding for a Q4 revenue decline. CEO Elliott Hill is facing a prolonged turnaround, with China sales expected to drop 20% this quarter.

Beyond Meat ($BYND): This plant-based meat maker is also taking it on the chin, with the stock cracking 10% in early pre-market trade after missing Q4 revenue estimates and citing "elevated uncertainty."

Oracle (ORCL): Global layoffs affecting thousands are underway as the company pivots capital toward AI infrastructure.

Microsoft (MSFT) & Chevron (CVX): The companies are reportedly in talks for a massive $7B power plant in Texas to fuel AI data centers.

Tema Space Innovators ETF (NASA) surged 7% in its debut. It is the first pure-play fund to offer direct exposure to SpaceX (10% weight) alongside ASTS and RKLB. The launch coincides with today's scheduled Artemis 2 launch (after 6 PM ET). Watch out for space stocks in trade today. 

Memory chipmakers (MU, WDC) remain on the retail radar. Goldman Sachs reports a significant 30% drop in DDR5 memory prices following Google’s ‘TurboQuant’ news.

Tesla (TSLA): Registration data shows a massive recovery in Europe (tripling in France), despite recent market-share losses to Chinese rivals. All eyes are on U.S. Q1 delivery numbers next. 

Crude oil fell by over $3 as geopolitical tensions eased following Trump's signals of de-escalation in Iran. Watch out for oil-related stocks (USO, BATL, EONR) in trade today. 

Other tickers trending on Stocktwits at the time of writing included Meta Platforms (META), Taiwan Semiconductor (TSM), Alphabet Inc (GOOGL) and Omeros (OMER). 

Other Catalysts To Watch

On the economic front, traders will be watching for the release of ADP Nonfarm Employment (Mar) and Core Retail Sales (Feb) today. 

On earnings radar, watch out for quarterly reports from Tilray (TLRY), Conagra (CAG), Cal-Maine Foods (CALM), and Lamb Weston (LW) before the bell. Meanwhile, Penguin Solutions (PENG) and Franklin Covey (FC) report earnings after market close, among others.

For updates and corrections, email newsroom[at]stocktwits[dot]com