Top Movers
By Athena Xu
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As the U.S. stock market braces for a subdued opening, with S&P 500 futures marking a slight decline of 0.2% to 5,203.50, investors find themselves navigating through a labyrinth of mixed corporate earnings. The anticipation surrounding the upcoming unemployment data further adds to the market's cautious sentiment, painting a complex picture of the economic and monetary policy landscape ahead.
In the pre-market hustle, several companies have already set the tone for the day's trading dynamics. AppLovin (APP US) and Robinhood (HOOD US) stand out with their shares climbing 15% and 5.0%, respectively, buoyed by robust quarterly performances that surpassed expectations. On the flip side, Airbnb (ABNB US) and ARM Holdings (ARM US) find themselves on the losing end, with their shares tumbling 8.7% and 8.5% after delivering forecasts that left investors wanting more.
The technology and fintech sectors showcase notable movements, with ARM's mixed full-year forecast and Robinhood's crypto trading strength drawing investor attention. Meanwhile, the real estate technology and biopharmaceutical sectors are not left behind, as Compass (COMP US) and Zai Lab (ZLAB US) post impressive gains of 13% and 19%, respectively, following optimistic revenue forecasts and sales figures.
Finance GPT
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