Morning Movers: TD Synnex slips following second quarter results

Stock futures are up following a surprise ceasefire announcement between Israel and Iran by President Trump, although there are reports that the ceasefire has already been broken. Oil prices plunged with WTI dropping 3.2% to $66.30 per barrel and Brent 3.4% to $69.

Gold and the dollar weakened, Treasury yields eased with the 10-year at 4.34%. VIX futures also declined, signaling reduced volatility expectations.

In pre-market trading, S&P 500 futures rose 0.67%, Nasdaq futures rose 0.93% and Dow futures rose 0.63%.

Check out this morning’s top movers from around Wall Street, compiled by The Fly. Also check out the pre-market Fly By and subscribe if you want to know what’s moving and why each morning. 

HIGHER –

• Nano Labs (NA) up 171% after announcing $500M convertible notes purchase agreement
• InMed Pharmaceuticals (INM) up 68% after reporting new preclinical data demonstrating that INM-901 significantly reduces inflammation in ex vivo models of neuroinflammation
• Lyft (LYFT) up 5% after TD Cowen upgraded shares to Buy with a price target of $21, up from $16
• Teladoc (TDOC) up 4% after Citron research called the stock a “a coiled spring at a $1.2B market cap”
• Uber (UBER) up 3% after announcing a limited number of Waymo autonomous vehicles will gradually become available on the Uber app for riders in select areas of Atlanta, Georgia
• Thor Industries (THO) up 1% after reauthorizing a $400M stock repurchase program

UP AHEAD OF EARNINGS –

• Carnival (CCL) up 2%

DOWN AFTER EARNINGS –

• TD Synnex (SNX) down 4%
• KB Home (KBH) down 1%

LOWER –

• Chewy (CHWY) down 2% after 23.95M share secondary offering priced at $41.95