Morning Movers: Albertsons gains, Goldman falls after quarterly results

Stock futures are slipping with traders wary that the momentum seen in the prior session could falter in the face of fresh geopolitical headwinds. Investors opened the day on edge, as fears of renewed U.S.-China trade friction resurfaced and overshadowed what had been a tentative rebound in risk appetite.

Gold continues to dominate the headlines as the precious metal surged to a new record high above $4,179 per ounce, before pulling back. Silver has followed suit, rallying in tandem on the wintry winds of uncertainty.

In the energy sector, WTI prices are down on the weak broader markets as well as bearish warnings from the IEA.

In pre-market trading, S&P 500 futures fell 1.09%, Nasdaq futures fell 1.37% and Dow futures fell 0.96%.

Check out this morning’s top movers from around Wall Street, compiled by The Fly.

HIGHER –

• Astria Therapeutics (ATXS) up 40% after entering into a definitive agreement under which BioCryst (BCRX) has agreed to acquire the company for a mix of cash and stock representing an implied value of $13.00 per Astria share

UP AFTER EARNINGS –

• Albertsons (ACI) up 7%
• Wells Fargo (WFC) up 3%
• Domino’s Pizza (DPZ) up 2%

DOWN AFTER EARNINGS –

• Goldman Sachs (GS) down 3%
• JPMorgan (JPM) down 1%
• Johnson & Johnson (JNJ) down 1%
• BlackRock (BLK) down 1%

LOWER –

• BioCryst (BCRX) down 8% after entering into a definitive agreement under which the company has agreed to acquire Astria for a mix of cash and stock representing an implied value of $13.00 per Astria share
• General Motors (GM) down 2% after announcing charges of $1.6B in GM North America in the three months ended September 30, based on a planned strategic realignment of electric vehicle capacity and manufacturing footprint to consumer demand