Morning Movers: Eli Lilly rises, Boston Scientific falls after quarterly results

Stock futures are mixed and have shown modest signs of stabilization after a sharp downturn in software and AI-related technology stocks yesterday, prompting some investors to treat the technology selloff that pressured equities broadly as a buying opportunity. Against that backdrop, defensive sectors and commodity-linked assets have drawn interest, particularly as gold reclaimed levels above $5,000 an ounce, reflecting continued demand for safe havens amid uncertainty.

In pre-market trading, S&P 500 futures rose 0.11%, Nasdaq futures fell 0.34% and Dow futures rose 0.22%.

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

HIGHER –

• Silicon Labs (SLAB) up 49% after signing a definitive agreement under which Texas Instruments (TXN) will acquire the company for $231 per share in an all-cash transaction

UP AFTER EARNINGS –

• Eli Lilly (LLY) up 9%
• Johnson Controls (JCI) up 5%
• GE HealthCare (GEHC) up 5%
• Fox Corp. (FOXA) up 2%
• Equifax (EFX) down 1%
• Fortive (FTV) up 1%

DOWN AFTER EARNINGS –

• AMD (AMD) down 10%
• Boston Scientific (BSX) down 9%
• Chipotle (CMG) down 4%
• AbbVie (ABBV) down 2%
• Uber (UBER) down 2%
• Cognizant (CTSH) down 2%
• Yum! Brands (YUM) down 1%

LOWER –

• Texas Instruments (TXN) down 3% after entering a definitive agreement to acquire Silicon Labs (SLAB)