Morning Movers: Meta Platforms dips following big investment in Scale AI

Stock market futures are pointing to a lower open after Israel carried out airstrikes on Iran’s nuclear program sites in a major escalation of tensions in the Middle East. The dollar has rallied, as investors rush back into the currency in their search for safe-haven assets, including gold, on rising Middle East tensions. Oil prices jumped to near multi-month highs on worries about disrupted crude supplies.

In pre-market trading, S&P 500 futures fell 0.91%, Nasdaq futures fell 1.2% and Dow futures fell 0.97%.

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

HIGHER –

• Newell Brands (NWL) up 3% after JPMorgan upgraded the stock to Overweight with a price target of $7, up from $6

UP AFTER EARNINGS –

• MoneyHero (MNY) up 7%
• RH (RH) up 20%
• Zedge (ZDGE) up 2%

LOWER –

• Visa (V), MasterCard (MA) and American Express (AXP) down 2%, 1% and 2%, respectively, after The Wall Street Journal reported that Walmart (WMT), Amazon (AMZN), and other multinational companies have explored whether to issue their own stablecoins in the U.S. to get around traditional payment restrictions and offer the possibility for a quicker process
• Meta Platforms (META) down 1% after Scale AI announced a significant new investment from Meta that values Scale at over $29B