Wall Street futures edged lower on Tuesday ahead of more economic data that could clear the air on a soft landing for the U.S. economy, while investors assessed mixed earnings from pharmaceutical heavyweights Merck and Pfizer.Market SnapshotAt 8:20 a.m. ET, Dow e-minis were down 44 points, or 0.12%, S&P 500 e-minis were down 14.5 points, or 0.31%, and Nasdaq 100 e-minis were down 83.75 points, or 0.53%.Pre-Market Movers$SoFi Technologies(SOFI)$ — The financial technology stock dropped 3.7% after KBW analyst Michael Perito downgraded the stock from underperform from market perform. Perito hiked his price target for shares by $2 to $7.50, however, which still implies shares can fall 34.5% from Monday’s closing price.
How long will AMSC frenzy last?
The emergence of the superconductor revolution alongside the growth of AI represents a significant market-driving narrative in the technology and scientific communities. ---------- What is superconductivity? Will you bet on the new meme stock?
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