Morning Movers: 3M and Charles Schwab tick higher following quarterly results

Stock futures are slightly higher as markets take a cautious pause following the S&P 500 and Nasdaq reaching record highs yesterday. Early gains are modest with investors digging into this morning’s retail sales and jobless claims data, which pointed to a robust economy and offered the Fed room to monitor tariff-driven inflation before taking action.

Strong earnings from PepsiCo, United Airlines, TSMC and Netflix aided yesterday’s rally, while economic data was broadly encouraging and the Philly Fed index remained solid. Looking ahead, investors are watching consumer sentiment figures due later, while keeping a close eye on the upcoming U.S. tariff deadline and the Fed’s July policy meeting.

In pre-market trading, S&P 500 futures rose 0.06%, Nasdaq futures rose 0.02% and Dow futures rose 0.11%

Check out this morning’s top movers from around Wall Street, compiled by The Fly and subscribe to the daily Fly By to keep up on what is moving markets each morning. 

UP AFTER EARNINGS –

• 3M (MMM) up 2%
• Charles Schwab (SCHW) up 2%
• American Express (AXP) up 1%
• Interactive Brokers (IBKR) up 5%

DOWN AFTER EARNINGS –

• Ally Financial (ALLY) down 1%
• Netflix (NFLX) down 2%

LOWER –

• Sarepta (SRPT) down 24% after the company told Bloomberg that a patient died from acute liver failure after receiving its gene therapy in an early-stage study
• Viatris (VTRS) down 4% after reporting that a study to evaluate the efficacy and safety of pimecrolimus 0.3% ophthalmic ointment in subjects with blepharitis did not meet its primary endpoint