tiprankstipranks
Trending News
More News >

Morning Movers: CVS Health surges following first quarter earnings

Stock futures are trending higher, buoyed by strong earnings reports from major tech companies and easing trade tensions.​ Microsoft and Meta Platforms have reported robust quarterly results. These positive earnings have contributed to a rally in tech stocks.​

Investors are also anticipating earnings reports from Apple and Amazon later today. Apple shares are slightly down ahead of the report, while Amazon shares have risen by 3%. ​

On the economic front, investors are closely watching for updates from the Federal Reserve’s May meeting, with expectations that the Fed will maintain current interest rates amid ongoing inflation concerns. ​In commodities, Bitcoin has surpassed $96,000, while oil and gold futures have declined. ​

In pre-market trading, S&P 500 futures rose 1.06%, Nasdaq futures gained 1.62% and Dow futures rose 0.6%.

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

UP AFTER EARNINGS –

  • CVS Health (CVS) up 9%
  • Microsoft (MSFT) up 8%
  • Meta Platforms (META) up 7%
  • Roblox (RBLX) up 7%
  • Wayfair (W) up 7%
  • Cardinal Health (CAH) up 1%
  • MasterCard (MA) up 1%
  • KKR (KKR) up 1%
  • Harley-Davidson (HOG) up 1%

DOWN AFTER EARNINGS –

  • Fortive (FTV) down 5%
  • Eli Lilly (LLY) down 4%
  • McDonald’s (MCD) down 1%
  • Kellanova (K) down 1%
  • Qualcomm (QCOM) down 6%

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

Disclaimer & DisclosureReport an Issue