Morning Movers: Sleep Number, Pinterest plummet after earnings

Stock futures are modestly higher  near 9 am ET as markets press pause after a strong but sharply volatile rally and turn cautious amid mounting worries about stretched valuations, especially in the tech and AI sectors.

The backdrop includes a sharp pullback in high-flying tech stocks, with several companies linked to artificial intelligence taking hits after recent outsized gains. Investors are increasingly questioning whether the enthusiasm is justified and whether the rally can sustain itself without fresh or strong data.

Meanwhile, safe-haven assets such as gold are gaining traction and the U.S. dollar is firming, reflecting a modest shift toward risk-aversion. At the same time, the continued U.S. government shutdown is suppressing key economic releases, forcing markets to lean more heavily on corporate earnings and policy signals rather than fresh labor or inflation data.

In pre-market trading, S&P 500 futures rose 0.07%, Nasdaq futures rose 0.06% and Dow futures rose 0.01%.

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

UP AFTER EARNINGS –

• DigitalOcean (DOCN) up 17%
• Unity (U) up 16%
• Teva (TEVA) up 12%
• Johnson Controls (JCI) up 5%
• Trimble (TRMB) up 3%
• McDonalds (MCD) up 1%
• Rivian (RIVN) up 6%

DOWN AFTER EARNINGS –

• Sleep Number (SNBR) down 32%
• Zimmer Biomet (ZBH) down 8%
• SolarEdge (SEDG) down 5%
• Humana (HUM) down 4%
• Charles River (CRL) down 4%
• New York Times (NYT) down 3%
• Trex Company (TREX) down 35%
• Pinterest (PINS) down 18%
• AMD (AMD) down 2%