Astera Labs, Inc.UBS raised price target, driving shares up 16.39%.
US stock futures are pointing higher this morning, with E-mini S&P 500 contracts up about 0.7% and Nasdaq 100 futures rising just over 1%. The US 10-year Treasury yield is holding near 4.38%, keeping borrowing costs elevated amid hawkish Federal Reserve expectations, while the goods trade deficit widened to $105.8 billion. Among top movers, AST SpaceMobile surged 21.44% on satellite launch progress, Cerebras Systems jumped 19.04% after analyst coverage, and Astera Labs gained 16.39% following a UBS price target increase. Honeywell International fell 50.95% after completing a reverse stock split, Copart declined 8.02% on a CEO transition and index rebalancing, and Ulta Beauty dropped 6.00% after being removed from a Russell index. Earnings from NIKE and Constellation Brands are in focus today, with steady yields keeping rate expectations firm ahead of the June jobs report.
Astera Labs, Inc.UBS raised price target, driving shares up 16.39%.
Cerebras Systems Inc. Class A Common StockJumped 19.04% after analyst coverage, a financial/valuation event.
Ulta Beauty IncDropped 6% after being removed from a Russell index, a financial/valuation event.
Nike Inc
Ast Spacemobile IncSatellite launch progress drove shares up 21.44%.
Copart IncCEO transition and index rebalancing caused 8.02% decline.
Honeywell International IncReverse stock split completed, shares fell 50.95%.
Constellation Brands Inc Class A