Morning Movers: Intuit climbs following AI agent partnership with Anthropic

Futures are modestly higher this morning as markets try to rebound from Monday’s broad declines, but sentiment remains fragile with tariff worries and AI-related risk aversion still front and center. The rebound in futures suggests some dip-buyers are stepping in, particularly in tech and cyclical names that were oversold, though overall risk appetite is cautious. Investors are also focused on corporate earnings releases, which can offer fresh catalysts amid the broader macro noise. A number of large companies across key sectors are reporting quarterly results, and their performance could help shift sentiment and provide fresh direction for index moves.

Despite this early rebound attempt, the backdrop from global markets underscores persistent pressure. Asian equities, particularly IT-heavy indices, extended declines with significant weakness seen in Indian markets as software and service stocks sold off sharply on renewed fears about the long-term implications of AI on traditional business models and profitability.

Currency and commodity markets are also reflecting these dynamics. The U.S. dollar’s behavior is closely tied to interest rate expectations and trade policy developments, while commodities like gold have seen price support as traders hedge against continued market volatility and policy risk.

In pre-market trading, S&P 500 futures rose 0.14%, Nasdaq futures rose 0.45% and Dow futures rose 0.26%.

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

HIGHER –

• AMD (AMD) up 9% after the company and Meta (META) announced a six-gigawatt agreement to power Meta’s next generation of AI infrastructure across multiple generations of AMD Instinct GPUs
• Intuit (INTU) up 6% after the company and Anthropic entered a multi-year partnership to bring custom AI agents to mid-market businesses on the Intuit platform and personalized experiences for consumers and businesses

UP AFTER EARNINGS –

• Keysight Technologies (KEYS) up 13%
• Bed Bath & Beyond (BBBY) up 3%
• Home Depot (HD) up 2%
• Keurig Dr Pepper (KDP) up 2%
• Elanco (ELAN) up 1%

DOWN AFTER EARNINGS –

• Amer Sports (AS) down 6%
• Hims & Hers (HIMS) down 6%
• Planet Fitness (PLNT) down 5%
• Kratos Defense (KTOS) down 3%
• DigitalOcean (DOCN) down 2%