Carvana CoDeclined 4.75% with no specific cause given in the article.
US stock futures are pointing slightly higher this morning as investors weigh softer US inflation against rising global interest rate worries. The US 10-year Treasury yield has eased to about 4.52% after cooler price data, helping reduce pressure on borrowing costs for households and companies. Import prices rose 0.3% in June instead of falling, a reminder that the cost of goods coming into the country is still pushing prices up. With the Federal Reserve expected to keep rates on hold today, the big question is whether rate-sensitive sectors such as housing, banks and real estate can handle both lingering inflation and higher long-term borrowing costs. Among top movers, Global Payments jumped 5.85% after a Morgan Stanley upgrade and higher price target, Alibaba Group Holding gained 4.67% as investors focused on its AI partnerships and new model preview, and Credo Technology Group Holding rose 4.63% following a Barclays price target increase ahead of Q2 earnings. On the losing side, Bloom Energy fell 8.33% as traders reacted to recent weakness and commentary on project delays, Guardant Health declined 5.00% after a recent price target raise failed to support the stock, and Carvana declined 4.75%. US trading is set to be earnings heavy, with major reports spanning tech, autos, housing, financials and transport, including Alphabet on Wednesday, Tesla on Wednesday, AT&T and T-Mobile US on Wednesday and Thursday, D.R. Horton and PulteGroup on Tuesday and Wednesday, and CSX, Norfolk Southern and Union Pacific through Thursday.
Carvana CoDeclined 4.75% with no specific cause given in the article.
Caesars Entertainment Corporation
DR Horton Inc
PulteGroup Inc
Alibaba Group Holding LtdInvestors focused on its AI partnerships and new model preview.
Credo Technology Group Holding LtdBarclays increased price target ahead of Q2 earnings.
Alphabet Inc Class C
CSX Corporation
Norfolk Southern Corporation
Union Pacific Corporation
AT&T Inc.
T-Mobile US Inc
Bloom Energy CorpTraders reacted to recent weakness and commentary on project delays.
Global Payments IncMorgan Stanley upgrade and higher price target.
Guardant Health IncDeclined 5.00% after a recent price target raise failed to support the stock.
Tesla Inc