Morning Movers: Opendoor and RingCentral climb after Q4 reports

Stock futures are slightly lower amid AI-related risk aversion and ongoing rotation across sectors. Futures may also be reacting to GDP growth that came in well below forecasts in Q4. The U.S. economy expanded at an annualized 1.4% rate in Q4, following 4.4% growth in Q3 and well below forecasts, the advance estimate showed.

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Oil prices have climbed amid rising geopolitical tension as crude oil reached six-month highs on geopolitical risk around the Middle East, bolstering energy demand, while agricultural commodities like cocoa and coffee have faced substantial declines due to supply considerations and weak demand signals. 

In pre-market trading, S&P 500 futures fell 0.33%, Nasdaq futures fell 0.46% and Dow futures fell 0.24%.

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

HIGHER –

• AppLovin (APP) up 4% after Bloomberg reported the company is preparing to build a social networking platform

UP AFTER EARNINGS –

• Opendoor Technologies (OPEN) up 18%
• RingCentral (RNG) up 12%
• Texas Roadhouse (TXRH) up 3%
• Oil States (OIS) up 2%
• Lamar Advertising (LAMR) up 1%

DOWN AFTER EARNINGS –

• Hudbay Minerals (HBM) down 4%
• Western Union (WU) down 2%
• PPL Corp. (PPL) down 2%

LOWER –

• Grail (GRAL) down 47% after reporting its NHS-Galleri trial missed the primary endpoint