Morning Movers: Walmart gains, Bath & Body Works plummets after Q3 reports

Stock futures are rising after Nvidia delivered another blockbuster earnings report and forward outlook. However, investors must still wrestle with mixed signals and rising concerns about the sustainability of recent gains. Analysts point out that much of the rally this year has been anchored in the twin themes of artificial intelligence and expectations for Federal Reserve rate cuts.

In pre-market trading, S&P 500 futures rose 1.59%, Nasdaq futures rose 2.1% and Dow futures rose 0.94%.

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

UP AFTER EARNINGS –

• Nvidia (NVDA) up 5%
• Walmart (WMT) up 3%
• Jacobs (J) up 2%
• Warner Music (WMG) up 2%
• Allot Ltd. (ALLT) up 16%

LOWER –

• Exact Sciences (EXAS) up 18% after agreeing to be acquired by Abbott (ABT) for $105 per share

DOWN AFTER EARNINGS –

• Bath & Body Works (BBWI) down 17%
• Construction Partners (ROAD) down 5%
• Novartis (NVS) down 1%

LOWER –

• Palo Alto Networks (PANW) down 2% after reporting earnings and entering into a definitive agreement to acquire Chronosphere for $3.35B