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Morning Movers: Broadcom up on earnings, unnamed new AI customer

Stock futures are mixed and flattish as cool labor-market indicators and rising unemployment claims pushed investors to anticipate easier monetary policy.

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Global markets drifted higher as investors rallied behind growing expectations of a U.S. Federal Reserve rate cut, fueled by signs of a weakening labor market, as newly-evidenced by the August jobs report showing payrolls grew by a weaker-than-expected 22,000 jobs.

Across commodities, oil prices slipped for the week amid supply expectations and high inventories, while gold enjoyed its strongest weekly rally in three months as investors leaned on it amid growing policy uncertainty.

In pre-market trading, S&P 500 futures rose 0.30%, Nasdaq futures rose 0.73% and Dow futures fell 0.04%.

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


HIGHER –

  • BioNTech (BNTX) up 9% after the company and Duality Biologics announced that the Phase 3 trial which DualityBio is conducting in China to evaluate trastuzumab pamirtecan versus trastuzumab emtansine in patients with HER2-positive unresectable or metastatic breast cancer who have previously received trastuzumab and a taxane-based chemotherapy met its primary endpoint of progression free survival at a pre-specified interim analysis
  • Tesla (TSLA) up 1% after announcing a 2025 CEO performance award that challenges Elon Musk to meet a series of goals, including operational milestones focused on reaching adjusted EBITDA targets and rolling out new or expanded product offerings, all while growing the company’s market capitalization by trillions of dollars

UP AFTER EARNINGS –


DOWN AFTER EARNINGS –

  • Lululemon (LULU) down 19%
  • Argan (AGX) down 12%
  • Phreesia (PHR) down 10%

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

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