Morning Movers: Pinterest jumps following $1B investment from Elliot

Stock futures are sharply lower this morning. The catalyst remains fresh military strikes and widening hostilities in the Middle East, triggering concerns about prolonged conflict and its potential to disrupt global energy markets.

Meet Samuel – Your Personal Investing Prophet

The standout macro driver this morning is the ongoing surge in oil prices, with crude climbing roughly 8% and Brent and West Texas Intermediate near multi-month highs as traders price in heightened supply risks near critical chokepoints like the Strait of Hormuz. Higher energy costs are feeding inflation worries and fueling broader risk aversion across equities.

The U.S. dollar and Treasury yields are climbing, reflecting a shift toward defensive positioning, while gold remains elevated as investors seek refuge amid geopolitical risk. 

In pre-market trading, S&P 500 futures fell 1.71%, Nasdaq futures fell 2.1% and Dow futures fell 1.7%.

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

HIGHER –

• Pinterest (PINS) up 7% after announcing Elliot’s $1B investment in the company and a new $3.5B share repurchase program

UP AFTER EARNINGS –

• Best Buy (BBY) up 9%
• Target (TGT) up 3%
• Plug Power (PLUG) up 13%
• Ouster (OUST) up 10%

DOWN AFTER EARNINGS –

• MongoDB (MDB) down 27%
• Surgery Partners (SGRY) down 21%
• Sea Limited (SE) down 15%
• On Holding (ONON) down 13%
• AutoZone (AZO) down 4%
• Archer Aviation (ACHR) down 4%