Morning Movers: UPS and PayPal jump following quarterly reports

Stock futures are pointing higher, buoyed by optimism that President Donald Trump and Xi Jinping will soon reach a trade framework. The tech sector is leading the charge again, with chips and growth names gaining. 

Yet, the rally is carrying overtones of caution. Commodity prices, especially gold and copper, are pointing to some rotation out of safe-havens into risk assets.

With central banks in the U.S., Canada, Japan and Eurozone entering key decision windows this week, markets are watching closely for any policy surprises.

In pre-market trading, S&P 500 futures rose 0.10%, Nasdaq futures rose 0.16% and Dow futures rose 0.45%.

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

HIGHER –

• Cameco (CCJ) up 15% after announcing that the United States Government has entered into a strategic partnership to accelerate the deployment of nuclear power that will see at least $80B of new nuclear reactors constructed.

UP AFTER EARNINGS –

• UPS (UPS) up 12%
• PayPal (PYPL) up 12%
• Sherwin-Williams (SHW) up 5%
• UnitedHealth (UNH) up 4%
• Regeneron (REGN) up 3%
• VF Corp. (VFC) up 2%

DOWN AFTER EARNINGS –

• Royal Caribbean (RCL) down 9%
• Corning (GLW) down 6%
• Labcorp (LH) down 2%
• Ecolab (ECL) down 1%
• Tenet Healthcare (THC) down 1%