Carvana CoRBC Capital cut its price target, causing a 10.25% decline.
S&P 500 futures edged about 0.1% higher Thursday morning as investors weighed a 1.9% rise in May import prices, including a 12.5% surge in fuel and lubricants, against expectations the Federal Reserve will hold rates steady at 3.50% to 3.75%. Export prices climbed 1.3%, marking a sixth consecutive monthly increase. Among top movers, Moderna jumped 11.55% on upbeat FDA briefing documents, Robinhood Markets gained 8.78% after analysts raised price targets following a workforce reduction, and GE Vernova rose 6.77% after Bernstein initiated coverage with an Outperform rating. On the losing side, Carvana fell 10.25% after RBC Capital cut its price target, EchoStar declined 7.66%, and AppLovin dropped 6.93%. Earnings from Accenture and Kroger are due Thursday, alongside the Fed’s June policy communication.
Carvana CoRBC Capital cut its price target, causing a 10.25% decline.
Caesars Entertainment Corporation
Applovin CorpStock dropped 6.93%, but article gives no cause; only price move reported.
Accenture plc
Moderna Incupbeat FDA briefing documents drove stock up 11.55%
GE Vernova LLCBernstein initiated coverage with an Outperform rating, driving a 6.77% gain.
Robinhood Markets IncAnalysts raised price targets after a workforce reduction, leading to an 8.78% gain.
EchoStar Corporation
Kroger Company
EchoStar Corporation