Morning Movers: CVS rises, Home Depot falls after investor day updates

Stock futures are mostly flat this morning as traders brace for the outcome of the Federal Reserve’s upcoming rate decision. Sentiment remains cautious after recent volatility in global bonds and a sharp yield spike. Many investors have parked money in safer, liquid assets as money-market funds saw a significant inflow.

At the same time, there are pockets of optimism. Shares of Nvidia are on the rise as markets cheered news that its H200 AI chips got approval for exports to China, helping fuel modest gains in chip and semiconductor peers as well. 

With the Fed meeting just ahead, many traders seem to be in “wait-and-see” mode. Volatility could emerge sharply depending on the tone of the decision and forward guidance.

In pre-market trading, S&P 500 futures fell 0.04%, Nasdaq futures fell 0.14% and Dow futures fell 0.03%.

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

HIGHER –

• CVS Health (CVS) up 3% after raising its FY25 outlook and initiating FY26 guidance ahead of its investor day
• Nvidia (NVDA) up 1% after President Trump said on social media that the U.S. will allow the company to ship its H200 artificial intelligence chips to “approved customers” in China and elsewhere

UP AFTER EARNINGS –

• Designer Brands (DBI) up 14%
• Cognyte (CGNT) up 7%
• Core & Main (CNM) up 6%

DOWN AFTER EARNINGS –

• Ollie’s Bargain Outlet (OLLI) down 5%
• Ferguson (FERG) down 2%
• AutoZone (AZO) down 2%

LOWER –

• GeoPark (GPRK) down 12% after Parex Resources (PARXF) announced that it has halted discussions with the company regarding the acquisition of GeoPark by Parex
• SLM (SLM) down 12% after presenting an updated medium-term outlook at its investor forum
• Home Depot (HD) down 2% after reaffirming its FY25 guidance and providing a FY26 outlook ahead of its investor conference