Morning Movers: Boeing, P&G advance after earnings

Stock futures are up modestly, reflecting sentiment from Monday’s record closes on easing trade tensions and a looming Federal Reserve policy meeting. Investor optimism is supported by a newly forged U.S.-EU trade framework that halves tariffs to 15% and eases geopolitical worries. U.S.-China trade talks are also underway in Stockholm, with officials seeking to extend the existing tariff truce another 90 days.

Oil prices have risen by about 1%, with Brent near $70.50, as President Trump accelerated a timeline for sanctions on Russian oil. Gold dipped slightly to a three-week low amid a firmer dollar and shrinking risk premium.

This week’s schedule is event heavy. Investors are watching for earnings from megacaps Meta, Microsoft, Amazon and Apple later in the week. On the macro front, JOLTS job openings, consumer confidence, ADP payrolls, GDP estimates, and Fed commentary carry high potential to reset expectations.

In pre-market trading, S&P 500 futures rose 0.22%, Nasdaq futures rose 0.44% and Dow futures rose 0.08%

Check out this morning’s top movers from around Wall Street, compiled by The Fly and subscribe to the daily Fly By on YouTube. 

HIGHER –

• Sarepta (SRPT) up 37% after the FDA notified the company that it may lift its voluntary pause on shipments of ELEVIDYS for ambulatory patients with Duchenne

UP AFTER EARNINGS –

• TriMas (TRS) up 11%
• JetBlue JBLU) up 4%
• Procter & Gamble up 1%
• Boeing (BA) up 1%

DOWN AFTER EARNINGS –

• Royal Caribbean (RCL) down 6%
• Spotify (SPOT) down 6%
• Merck (MRK) down 4%
• PayPal (PYPL) down 4%
• Johnson Controls (JCI) down 3%
• UnitedHealth (UNH) down 2%
• UPS (UPS) down 2%
• Sysco (SYY) down 2%

LOWER-

• Norfolk Southern (NSC) down 3% after announcing Union Pacific (UNP) will acquire the company in a stock and cash transaction, implying a value for Norfolk Southern of $320 per share