Space Exploration Technologies Corp. Class A Common StockPlanned senior unsecured notes offering led to a 16.43% decline.
US stock futures were mixed in early trade, with E-mini S&P 500 futures slightly down around 0.2% while Nasdaq futures were flat to modestly higher. The US 10-year Treasury yield sat near 4.48%, keeping borrowing costs elevated for mortgages, credit cards, and companies. Investors braced for the PCE inflation report, the Federal Reserve's preferred cost-of-living gauge, along with a busy week of data on spending and factory orders. Among top movers, Credo Technology Group Holding jumped 11.29% after fresh analyst coverage highlighted its AI connectivity focus, Tower Semiconductor climbed 10.50%, and Innio gained 9.83%. On the losing side, Space Exploration Technologies fell 16.43% on a planned senior unsecured notes offering, AST SpaceMobile declined 9.26%, and Rivian Automotive dropped 8.60% after reports highlighted high lease prices for its new R2 SUV. On the radar, earnings from FedEx, Micron, Paychex, and Trip.com will anchor a data-light stretch for US markets.
Space Exploration Technologies Corp. Class A Common StockPlanned senior unsecured notes offering led to a 16.43% decline.
Ast Spacemobile Inc
Trip.com Group Ltd
Carnival Corporation
Credo Technology Group Holding LtdFresh analyst coverage highlighted its AI connectivity focus, driving a 11.29% jump.
Rivian Automotive IncReports highlighted high lease prices for its new R2 SUV, causing an 8.60% drop.
INNIO N.V. Ordinary SharesGained 9.83% but no specific catalyst mentioned in the article.
FedEx Corporation
Micron Technology Inc
Paychex Inc
Tower Semiconductor Ltd