Morning Movers: Sony and Dynatrace jump following earnings

Stock futures have ticked upwards, buoyed by continued strength in the technology sector. Investor sentiment has been bolstered by recent developments in the U.S.-China trade relations. Both nations have agreed to temporarily reduce tariffs, with the U.S. cutting tariffs on Chinese imports to 30% from 145% and China reducing tariffs on U.S. goods to 10% from 125% for a 90-day period. This easing of trade tensions has contributed to the market’s positive momentum.​

In commodities, Bitcoin has declined below $104,000, and the 10-year Treasury yield remains stable, indicating a cautious approach among investors as they digest the latest economic data and corporate earnings.​

In pre-market trading, S&P 500 futures rose 0.17%, Nasdaq futures rose 0.21% and Dow futures rose 0.1%.

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

UP AFTER EARNINGS –

• Radcom (RDCM) up 11%
• Sony (SONY) up 5%
• Dynatrace (DT) up 3%
• Scholar Rock (SRRK) up 1%

DOWN AFTER EARNINGS –

• Cellebrite (CLBT) down 14%
• Endava (DAVA) down 10%
• Arcos Dorados (ARCO) down 8%
• ARS Pharmaceuticals (SPRY) down 7%
• Kornit Digital (KRNT) down 5%
• Smith Douglas Homes (SDHC) down 4%
• Tower Semiconductor (TSEM) down 2%