Major stock indices are set to experience small increases, with top tech stocks showing slight movement.

In anticipation of Wednesday’s opening bell, the three prominent U.S. stock index futures witnessed marginal upticks, with Dow futures climbing by 0.04%, Nasdaq futures edging up by 0.07%, and S&P 500 futures showing a slight increase of 0.05%.

During pre-market trading, the landscape for major technology stocks displayed minor fluctuations. NVIDIA exhibited a nearly 1% rise, while AMD and Tesla experienced modest gains. In contrast, ASML Holding faced a dip of nearly 1%, and Alphabet Inc. (Class C) saw a marginal decrease.

Chinese concept stocks took a hit in pre-market trading, with Li Auto plummeting by over 4%, Baidu slipping nearly 3%, and XPeng Motors, Nio, and JD.com all declining by over 2%. PDD Holdings also experienced a drop of close to 1%.

Conversely, space-related stocks witnessed an upswing, as EchoStar Communications surged by over 8%, Destiny Tech100 saw an increase of more than 8%, Rocket Lab rose by over 2%, and AST SpaceMobile registered a gain of more than 1%.

The cryptocurrency market exhibited mixed performances, with Bitmine Immersion Technologies declining by nearly 4% and DJT falling by over 2%. On the other hand, SoFi Technologies and IREN Ltd displayed gains of nearly 1%.

MongoDB, a software company, experienced a significant surge of over 29% after reporting Q2 revenue of $591.4 million, marking a 24% year-on-year increase. MongoDB adjusted its annual sales guidance to a range of $23.4 billion to $23.6 billion, up from the previous range of $22.5 billion to $22.9 billion. Additionally, the company raised its adjusted earnings per share forecast to between $3.64 and $3.73, an increase from the prior estimate of $2.94 to $3.12.

Okta, a cloud security company, saw a gain of nearly 5% with Q2 revenue of $728 million, indicating a 13% year-on-year increase. The company also provided optimistic third-quarter revenue guidance of $728 million to $730 million, representing a growth of 9-10% year-on-year. Okta’s full-year revenue guidance for fiscal year 2026 has been adjusted to between $2.875 billion and $2.885 billion, reflecting a growth of 10-11%.

Tuya Inc, a Chinese concept stock, recorded a surge of over 6%, with a notable spike in net profit by approximately 302.4% and a rise in Platform as a Service (PaaS) gross margin to 48.7%. Total revenue for the second quarter of 2025 stood at $80.1 million, showing a year-on-year increase of approximately 9.3%.

EchoStar Communications experienced a pre-market surge of over 8%, following a substantial overnight rise of 70%, following AT&T’s announcement to acquire specific wireless spectrum licenses for $23 billion.

In another development, Kohl’s stock rallied by over 21% with Q2 revenue reaching $3.35 billion, surpassing FactSet’s estimate of $3.32 billion. The department store anticipates a sales decline of 5-6% this year, an improvement from the previous projection of a 5-7% decrease.

However, PayPal faced a decline of nearly 3% in pre-market trading due to German banks blocking PayPal payments as a result of security system glitches. According to reports, several German banks, including Bayerische Landesbank, Hessen Landesbank, and DZ Bank temporarily suspended PayPal transactions.

The stock of “Musk Concept Fund” DXYZ rose over 8% as SpaceX’s Starship successfully completed its 10th test flight. Kohl’s Corporation outperformed expectations with Q2 revenue of $3.35 billion, exceeding FactSet’s prediction of $3.29 billion. Apple recently announced its upcoming launch event, with Bank of America predicting potential pressure on stock prices post-event.

On the other hand, OpenAI faced challenges in its restructuring plan due to disagreements with major shareholder Microsoft. The ambitious restructuring, critical for OpenAI’s IPO and securing additional investments from SoftBank, may be delayed until the following year due to conflicting negotiations with Microsoft. Multiple sources suggested significant disputes between the two entities, highlighting the need for resolution to propel OpenAI’s future endeavors.