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.
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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%
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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