Morning Movers: Amazon jumps after Anthropic deal

Stock futures rose early Tuesday as investors continue to track Middle East tensions ahead of a ceasefire deadline. Sentiment has been supported by hopes around potential Iran-related talks despite uncertainty over the conflict’s next phase.

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In pre-market trading, S&P 500 futures increased 0.35%, Nasdaq 100 futures were up 0.43% and Dow futures gained 0.57%.

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

HIGHER – 

• Amazon (AMZN) up 3% after agreeing to invest up to $25B in Anthropic
• Marvell (MRVL) up 3%, Credo Technology (CRDO) up 8%, Astera Labs (ALAB) up 8% after Amazon increased its Anthropic investment
• CVS Health (CVS) up 3% after peer UnitedHealth (UNH) reported quarterly results

UP AFTER EARNINGS – 

• UnitedHealth (UNH) up 7%
• MSCI (MSCI) up 4%
• Steel Dynamics (STLD) up 1%

DOWN AFTER EARNINGS – 

• GE Aerospace (GE) down 4%
• Northrop Grumman (NOC) down 2%
• 3M (MMM) down 3%
• Tractor Supply (TSCO) down 6%

LOWER – 

• Apple (AAPL) down 1% after the company named John Ternus to replace Tim Cook as its CEO, effective September 1
• Alaska Air (ALK) down 2% after suspending its full year guidance