Morning Movers: Palantir and Leidos gain after quarterly reports

Stock futures moved higher this morning after indexes rebounded strongly on Monday, supported by growing odds of a Federal Reserve rate cut in September. Traders are now pricing roughly a 90% chance of at least one quarter-point cut by year-end.

Treasury yields edged up slightly with the 10-year trading near 4.22%, while oil and gold futures dipped, signaling a tentative risk environment.

While weaker-than-expected labor data driven by a soft July jobs print and downward revisions created anxiety, markets are treating this as potential fuel for easing, not as evidence of economic collapse.

In pre-market trading, S&P 500 futures rose 0.16%, Nasdaq futures rose 0.30% and Dow futures were flat

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

UP AFTER EARNINGS –

• Zoetis (ZTS) up 7%
• Leidos (LDOS) up 6%
• Apollo Global (APO) up 3%
• Fox Corp. (FOXA) up 1%
• Palantir (PLTR) up 6%

DOWN AFTER EARNINGS –

• TransDigm (TDG) down 6%
• Marriott (MAR) down 6%
• Shift4 Payments (FOUR) down 6%
• Eaton (ETN) down 4%
• Caterpillar (CAT) down 1%
• Yum Brands! (YUM) down 1%
• Molson Coors (TAP) down 1%
• Inspire Medical (INSP) down 33%