Stock futures are pointing modestly higher again following the settlement of July inflation data as consumer prices rose 0.2% and core inflation was at its highest in six months, around 3.1% year-over-year. The report reinforced expectations of a September Federal Reserve rate cut and pushed market sentiment higher, sending the S&P 500 and Nasdaq to close at record highs yesterday.
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In pre-market trading, S&P 500 futures are up 0.28%, Nasdaq futures are up 0.37% and Dow futures are up 0.34%
Check out this morning’s top movers from around Wall Street, compiled by The Fly. Also, subscribe to the morning Fly By on YouTube if you want to know how the markets will open, which stocks will be moving and why.
UP AFTER EARNINGS –
- Brinker (EAT) up 5%
- Hudbay Minerals (HBM) up 16%
- Global-e Online (GLBE) up 14%
- European Wax Center (EWCZ) up 10%
- Arcos Dorados (ARCO) up 7%
- Elbit Systems (ESLT) up 6%
- Intapp (INTA) up 22%
HIGHER –
- Hanesbrands (HBI) up 1% after entering into a definitive merger agreement under which Gildan (GIL) will acquire the company in a cash and stock deal that implies a value of $6.00 per HanesBrands share
- Sapiens (SPNS) up 44% after the company agreed to be acquired by Advent for $43.50 per common share
DOWN AFTER EARNINGS –
- Cava Group (CAVA) down 23%
- Stratasys (SSYS) down 13%
- Endeavour Silver (EXK) down 10%
- Performance Food Group (PFGC) down 1%
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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