Stock futures have been largely flat to slightly up this morning, reflecting a market in pause as investors sift through mixed signals from corporate earnings and economic data.
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Positive earnings have offered some lift, but caution prevails amid warnings out of the tech sector and concerns that valuations may be excessive.
On the macro front, recent data showed the U.S. services sector expanded more than expected in October and private payrolls ticked ahead of forecasts. This complicates expectations about when the Federal Reserve will move next on interest rates.
In pre-market trading, S&P 500 futures are up 0.10%, Nasdaq futures are up 0.08% and Dow futures are up 0.02%.
Check out this morning’s top movers from around Wall Street, compiled by The Fly.
HIGHER –
- Forge Global (FRGE) up 66% after Charles Schwab (SCHW) announced it has entered into a definitive agreement to acquire the company in a transaction valued at approximately $660M
- DraftKings (DKNG) up 4% after Disney’s (DIS) ESPN named DraftKings as its official sportsbook and odds provider
UP AFTER EARNINGS –
- Datadog (DDOG) up 20%
- Planet Fitness (PLNT) up 15%
- Rockwell Automation (ROK) up 11%
- Moderna (MRNA) up 7%
- TripAdvisor (TRIP) up 7%
- Hyatt (H) up 2%
- Snap (SNAP) up 19%
DOWN AFTER EARNINGS –
- Celsius Holdings (CELH) down 14%
- Becton Dickinson (BDX) down 6%
- Papa John’s (PZZA) down 4%
- Warner Bros. Discovery (WBD) down 1%
- DoorDash (DASH) down 10%
- Qualcomm (QCOM) down 1%
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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