Pre-Bell | Nasdaq Futures up 1%; Macy's Surges 12%; Alphabet Soars 6%; Apple Jumps 4%; BMNR, Upexi up 3%; Dollar Tree Sinks 6%

Stock futures were higher on Wednesday after a federal court decision in an Alphabet antitrust case fueled optimism that the tech giants will be able to weather regulatory threats.

Market Snapshot

At 8:39 a.m. ET, S&P 500 futures rose 0.4%, while Nasdaq-100 futures jumped by 0.7%. Futures tied to the Dow Jones Industrial Average traded along the flatline.

Pre-Market Movers

Zscaler Inc. — The cybersecurity stock rose roughly 0.4% after fiscal fourth-quarter results topped analyst estimates on the top and bottom lines. Zscaler earned an adjusted 89 cents per share on revenue of $719 million, while analysts polled by LSEG were looking for profit of 80 cents per share on $707 million in revenue. The company also issued rosy guidance for the current quarter.

Crypto stocks jumped in premarket trading. Cipher Mining rose 6%; Iren up 5%; BMNR, Upexi rose 3%; SBET up 2%.

Dollar Tree — The discount retailer fell 6% after reporting second-quarter earnings and revenue that exceeded analyst expectations. The stock had already soared 62% in the past six months and 49% year-to-date in 2025.

Teck Resources Ltd — The Canadian miner fell nearly 1% in premarket trading. UBS upgraded Teck to buy from neutral, saying the risk/reward is improving after recent underperformance. The stock is down almost 10% in the past three months and more than 15% in the past six.

Vir Biotechnology, Inc. — The biotech gained more than 4% after Evercore ISI initiated coverage with an outperform rating. Analyst Cory Kasimov sees “a compelling asymmetric setup developing for VIR, driven by a lack of appreciation of how quickly the story could turn around.”

Market News

Alphabet Shares Jump as US Court Ruling Eases Antitrust Concerns

Alphabet shares rose 7% in premarket trading on Wednesday after a U.S. judge ruled against breaking up the Google parent in an antitrust case, easing a major regulatory overhang for the tech giant. Apple rose 4%.

The ruling on Tuesday by Judge Amit Mehta allows Google to retain control of its Chrome browser and Android mobile operating system, while barring certain exclusive contracts with device makers and browser developers.

Waymo Eyes Launching Robotaxi Service in Denver, Seattle

Waymo, Alphabet's autonomous vehicle unit, is bringing its robotaxis to Denver, Colorado and Seattle, Washington State this week as it lays the groundwork for future commercial operations.

The company will arrive in Denver "with a mixed fleet of Jaguar I-PACE with the 5th-generation Waymo Driver and Zeekr RT vehicles equipped with our 6th-generation Waymo Driver," it said in a blog post.

Macy's Lifts Annual Forecasts as Turnaround Efforts Start Paying off

Macy's raised its annual sales and profit forecasts on Wednesday, helped by resilient demand across banners including Bloomingdale's and Bluemercury chains as the retailer's turnaround plan takes shape.

Shares of the company were up about 13% in premarket trading.