S&P 500 Futures Edge Higher as Import Prices Jump 1.9%

Macro
โดย Simply Wall St·Read original
Summary · why it matters

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.

Impact on stocks 10

Consumer Discretionary · 2 stocks
Carvana Co
CVNA
▼ NegativeCapitalrelevance

RBC Capital cut its price target, causing a 10.25% decline.

Artificial Intelligence · 2 stocks
Applovin Corp
APP
▼ Negativerelevance

Stock dropped 6.93%, but article gives no cause; only price move reported.

Biotech & Genomic Medicine · 1 stocks
Moderna Inc
MRNA
▲ PositiveRegulationrelevance

upbeat FDA briefing documents drove stock up 11.55%

Energy Transition & Power Demand · 1 stocks
GE Vernova LLC
GEV
▲ PositiveCapitalrelevance

Bernstein initiated coverage with an Outperform rating, driving a 6.77% gain.

Digital Finance & Tokenization · 1 stocks
Robinhood Markets Inc
HOOD
▲ PositiveCapitalrelevance

Analysts raised price targets after a workforce reduction, leading to an 8.78% gain.

Cloud & Digital Infrastructure · 1 stocks
Consumer Staples · 1 stocks
Communication Services · 1 stocks