Alibaba Group Holding LtdUS judge ordered a reprieve from a Pentagon lobbying ban, boosting Alibaba.
US stock futures are pointing lower this morning, with E mini S&P 500 contracts down about 0.8%, as investors react to higher borrowing costs and fresh inflation worries. The US 10 year Treasury yield is sitting near 4.58%, a 4 week high, while one year US inflation expectations are at 3.7% and a drop in US oil inventories is feeding concern that fuel prices may climb. Among top movers, Alibaba Group Holding jumped 11.05% after a US judge ordered a reprieve from a Pentagon lobbying ban, Nebius Group surged 10.91% after Saturn Cloud expanded its AI platform deployment on Nebius NVIDIA infrastructure, and Arista Networks rose 8.76% with traders eyeing the newly announced Q2 earnings date on August 4. On the losing side, Synchrony Financial declined 9.61%, Moderna fell 7.48% despite recent analyst price target increases and upcoming Q2 earnings, and Bending Spoons declined 7.19%. Earnings from PepsiCo and Delta Air Lines are also in focus, with PepsiCo reporting Q2 results on Thursday and Delta Air Lines reporting Q2 on Friday.
Alibaba Group Holding LtdUS judge ordered a reprieve from a Pentagon lobbying ban, boosting Alibaba.
Nebius Group N.V.Saturn Cloud expanded AI platform deployment on Nebius NVIDIA infrastructure, driving surge.
Arista NetworksTraders eyeing newly announced Q2 earnings date on August 4.
Synchrony FinancialSynchrony Financial declined 9.61% amid broader market sell-off on higher yields and inflation jitters.
Moderna IncFell 7.48% despite recent analyst price target increases and upcoming Q2 earnings.
Delta Air Lines Inc
PepsiCo IncSaturn Cloud expanded its AI platform deployment on Nebius NVIDIA infrastructure.