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Morning Movers: MP Materials skyrockets after DoD rare earth partnership

Stock market futures are marginally lower, but sentiment remains buoyed by strong tech earnings and positive signals from the Fed’s June meeting. President Trump’s decision to impose 50 percent tariffs on copper and Brazilian imports, which take effect August 1, is keeping futures slightly subdued.

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Despite the trade tensions, Nvidia’s latest rally and advances in Microsoft are helping the Nasdaq and S&P maintain gains.

Commodity and dollar movements are also shaping market dynamics. Copper futures have surged on the pending tariff, lifting mining stocks in pre-market trading. Oil prices are drifting lower, while gold is climbing, as investors weigh global risk and trade policy developments.

European markets are extending their winning streak into a fourth session, lifted by strength in mining sectors. In Asia, regional indexes show mixed performance. India’s Sensex is weaker while South Korea eyes gains on semiconductor momentum.

Markets are treading water amidst headline risk from tariffs, but the combination of tech megacap strength, airlines’ upbeat earnings, and robust commodity flows is keeping sentiment positive. Focus now turns to economic data and Fed communication.

In pre-market trading, S&P 500 futures fell 0.25%, Nasdaq futures rose 0.04% and Dow futures fell 0.05%

Check out this morning’s top movers from around Wall Street, compiled by The Fly. Also, subscribe to the daily Fly By on YouTube if you want to know how the markets will open, which stocks will be moving and why.


HIGHER –

  • MP Materials (MP) up 52% after entering into a public-private partnership with the United States Department of Defense to dramatically accelerate the build-out of an end-to-end U.S. rare earth magnet supply chain and reduce foreign dependency

UP AFTER EARNINGS –

  • Delta Air Lines (DAL) up 12%
  • ASE Technology (ASX) up 1%

DOWN AFTER EARNINGS –

  • Helen of Troy (HELE) down 32%
  • Simply Good Foods (SMPL) down 7%
  • Conagra Brands (CAG) down 7%

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

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