Morning Movers: Apogee surges following APEX clinical trial readout

Stock futures are higher this morning. Stocks came into the session under heavy pressure after global equities slid to four-month lows, reacting to an 80% surge in oil prices this year and the growing risk of supply disruptions through the Strait of Hormuz.

However, oil prices are pulling back, the major averages are jumping, and shares of airlines and cruiselines are up in pre-market trading in the wake of President Trump’s message that the U.S. and Iran had “very good and productive conversations” regarding a “complete resolution of hostilities”.

In pre-market trading, S&P 500 futures rose 1.93%, Nasdaq futures rose 2.04% and Dow futures rose 2.11%.

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

HIGHER –

• Apogee Therapeutics (APGE) up 16% after announcing a 52-week maintenance data from Part A of the Phase 2 APEX clinical trial of zumilokibart
• Flutter Entertainment (FLUT) and DraftKings (DKNG) up 9% and 6%, respectively, after The Wall Street Journal reported U.S. senators have introduced legislation that will prohibit entities regulated by the Commodity Futures Trading Commission from listing contracts related to sporting events
• Synopsys (SNPS) up 3% after WSJ reports that activist investor Elliot Management has built a multibillion-dollar investment in Synopsys and plans to push the company to make more money from its software and services
• Solo Brands (SBDS) up 1o% after introducing FY26 guidance ahead of its investor day

DOWN AFTER OIL PRICE DECLINE-

• Occidental (OXY) down 4%
• BP (BP) down 3%
• ConocoPhillips (COP) down 2%
• Exxon Mobil (XOM) down 2%
• TotalEnergies (TTE) down 1%
• EOG Resources (EOG) down 1%
• Chevron (CVX) down 1%
• Shell (SHEL) down 1%

LOWER –

• Gossamer Bio (GOSS) down 5% after Cantor Fitzgerald downgraded the stock to Neutral without a price target
• N-able (NABL) down 5% after William Blair double downgraded shares to Underperform from Outperform without a price target