Morning Movers: Block pops after over 40% headcount reduction

Stock futures are trending lower this morning as investors start the trading day under pressure from renewed AI sentiment worries and tech-sector volatility. The Nasdaq looks particularly fragile, tracking toward what would be its steepest monthly fall in over a year if current levels hold.

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Beyond tech, risk sentiment is cautious across the broader market following the January producer price index release, which points to hotter-than-expected inflation in inputs.

In pre-market trading, S&P 500 futures fell 0.95%, Nasdaq futures fell 1.10% and Dow futures fell 1.16%.

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

HIGHER –

• Netflix (NFLX) and Paramount Skydance (PSKY) up 8% and 3%, respectively, after Netflix declined to raise its offer for Warner Bros. (WBD), leaving Paramount Skydance as the likely winning bidder

UP AFTER EARNINGS –

• Block (XYZ) up 19%
• inTEST (INTT) up 15%
• Dell Technologies (DELL) up 11%
• NIQ Global (NIQ) up 4%
• Docebo (DCBO) up 3%

DOWN AFTER EARNINGS –

• CoreWeave (CRWV) down 13%
• Carter’s (CRI) down 12%
• Zscaler (ZS) down 12%
• Flutter Entertainment (FLUT) down 12%
• Rocket Lab (RKLB) down 6%
• Intuit (INTU) down 3%

LOWER –

• Warner Bros. Discovery (WBD) down 1% after Netflix declined to raise its offer for the company