Morning Movers: Deere gains and Alibaba falls after quarterly results

Stock futures are lower, with investors digesting recent economic data and geopolitical developments following a three-day rally fueled by easing trade tensions and strong corporate earnings.​

Investor sentiment has been tempered by concerns over a potential economic slowdown and the impact of recent tariff policies. President Trump’s announcement of a “no tariffs” offer from India has added a new dimension to the ongoing trade discussions, influencing market dynamics. ​

In the commodities market, oil prices have declined by over $2 per barrel amid hopes for a U.S.-Iran nuclear deal, which could increase global oil supply. Meanwhile, Bitcoin has retreated below $104,000. ​

In pre-market trading, S&P 500 futures fell 0.25%, Nasdaq futures fell 0.32% and Dow futures fell 0.21%.

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

HIGHER –

• Foot Locker (FL) up 83% after Dick’s Sporting Goods (DKS) and the company announced that they have entered into a definitive merger agreement under which Dick’s will acquire Foot Locker for $2.4B

UP AFTER EARNINGS –

• NetEase (NTES) up 8%
• Canadian Solar (CSIQ) up 4%
• Deere (DE) up 3%
• Gambling.com (GAMB) up 3%
• Dillard’s (DDS) up 3%
• Walmart (WMT) up 1%
• Boot Barn (BOOT) up 14%
• Cisco (CSCO) up 2%

DOWN AFTER EARNINGS –

• Advanced Drainage (WMS) down 10%
• Alibaba (BABA) down 4%
• KE Holdings (BEKE) down 2%
• Jacks in the Box (JACK) down 5%
• CoreWeave (CRWV) down 1%

LOWER –

• Dick’s Sporting (DKS) down 11% after the company and Foot Locker announced that they have entered into a definitive merger agreement under which Dick’s will acquire Foot Locker for $2.4B
• UnitedHealth (UNH) down 7% after The Wall Street Journal reported that the U.S. Justice Department is probing the company for potential Medicare fraud