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Stock futures are mixed, signaling a potential pause following Monday’s rally driven by optimism over a temporary U.S.-China trade deal.
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In corporate news, UnitedHealth Group shares plunged 10% after CEO Andrew Witty stepped down, with former CEO Stephen Hemsley stepping in. The company also suspended its outlook due to rising medical costs.
Bitcoin has regained value above $103,800, aligning with Coinbase’s rise after inclusion into the S&P 500.
In pre-market trading, S&P 500 futures were flat, Nasdaq futures rose 0.21% and Dow futures fell 0.44%.
Check out this morning’s top movers from around Wall Street, compiled by The Fly.
UP AFTER EARNINGS –
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Perion Network (PERI) up 7%
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Under Armour (UAA) up 3%
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Legend Biotech (LEGN) up 2%
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Altimmune (ALT) up 2%
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JD.com (JD) up 1%
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Y-mAbs Therapeutics (YMAB) up 1%
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Urban One (UONE) up 1%
DOWN AFTER EARNINGS –
LOWER –
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UnitedHealth (UNH) down 10% after announcing Andrew Witty’s decision to step down as CEO and suspending its FY25 guidance
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Pinterest (PINS) down 2% after The Information reported Google (GOOGL) is working on a visual inspiration product that could compete with Pinterest, with the feature showing users images, such as ideas for fashion or interior design, and lets them save the images in different folders
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