Morning Movers: Intel lower following second quarter earnings

Stock futures have held steady as investors took a breather following record highs in equities and assessed trade developments ahead of the August 1 tariff deadline. Second-quarter earnings have also been supportive with roughly 80% of 152 S&P 500 companies that reported so far beating analysts’ expectations, helping fuel the recent equity rally.

On the policy front, markets are focused on next week’s Federal Reserve meeting. Traders expect the Fed to hold rates steady amid continued pressure from President Trump and growing discussion around Fed Chair Powell’s leadership, though investors are pricing in only modest Fed easing by year-end.

Commodities are showing modest shifts as oil prices ticked higher following trade optimism, gold eased slightly after earlier safe-haven bids and the risk-on sentiment persists.

In pre-market trading, S&P 500 futures rose 0.12%, Nasdaq futures rose 0.02% and Dow futures fell 0.14%

Check out this morning’s top movers from around Wall Street, compiled by The Fly, as well as the daily Fly By on YouTube.

HIGHER –

• Paramount (PARA) up 1% after the Federal Communications Commission has approved the merger between Skydance Media and the company

UP AFTER EARNINGS –

• Saia (SAIA) up 13%
• Booz Allen (BAH) up 2%
• AutoNation (AN) up 2%
• Honeywell (HON) up 1%
• Textron (TXT) up 1%
• Boston Beer (SAM) up 10%

DOWN AFTER EARNINGS –

• Lear (LEA) down 3%
• HCA Healthcare (HCA) down 1%
• Intel (INTC) down 9%

LOWER –

• Sarepta (SRPT) down 9% after The European Medicines Agency’s Committee for Medicinal Products for Human Use recommended not granting a marketing authorization for Sarepta’s Elevidys for the treatment of Duchenne muscular dystrophy