Morning Movers: Kohl’s skyrockets after Q3 results and outlook raise

S&P futures have ticked lower this morning following a strong tech-driven rally yesterday.

On the macro front, the probability of a rate cut by Federal Reserve in December has risen sharply and is now estimated at around 80% after several Fed officials voiced support for a cut amid labor-market softness.

Investors are now turning their attention to data releases including retail sales, producer price inflation, and consumer-confidence figures that will test the soft-landing narrative.

In pre-market trading, S&P 500 futures fell 0.06%, Nasdaq futures fell 0.23% and Dow futures rose 0.03%.

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

HIGHER –

• Alphabet (GOOGL) up 4% after The Information reported that the company has started pitching Meta Platforms (META) and large financial institutions on the use of Google’s AI-use semiconductors in their own data centers

UP AFTER EARNINGS –

• Kohl’s (KSS) up 25%
• Alibaba (BABA) up 2%
• Analog Devices (ADI) up 1%
• Best Buy (BBY) down 1%
• Amentum (AMTM) up 11%
• Zoom Communications (ZM) up 6%

DOWN AFTER EARNINGS –

• Burlington Stores (BURL) down 5%
• Dick’s Sporting (DKS) down 3%
• Semtech (SMTC) down 1%

LOWER –

• Nvidia (NVDA) down 4% after The Information reported that Google has started pitching Meta and large financial institutions on the use of Google’s AI-use semiconductors in their own data centers