Morning Movers: AbbVie, Alphabet rising following first quarter reports

Stock futures are pointing fractionally lower following three consecutive days of market gains, which have been fueled by optimism over easing U.S.–China trade tensions and strong corporate earnings.

Alphabet’s better-than-expected first-quarter earnings has bolstered confidence in the technology sector, ahead of upcoming earnings reports from other major tech firms like Microsoft, Apple, and Amazon scheduled for next week. ​

Investor sentiment has also improved following President Trump’s recent statements indicating a willingness to de-escalate trade tensions with China and his statements that he will not try to fire Federal Reserve Chairman Jerome Powell. These developments have alleviated some concerns about potential disruptions to monetary policy and international trade relations. ​

Despite the current optimism, analysts caution that the underlying issues related to tariffs and global trade remain unresolved. The absence of formal negotiations between the U.S. and China continues to pose risks to market stability. ​

In the commodities market, oil prices have edged higher, while gold remains relatively stable. The yield on the 10-year Treasury note has held steady, reflecting a cautious approach by investors amid the mixed economic signals.​

In pre-market trading, S&P 500 futures fell 0.13%, Nasdaq futures fell 0.22% and Dow futures fell 0.34%.

Check out this morning’s top movers from around Wall Street, compiled by The Fly.

UP AFTER EARNINGS –

• AbbVie (ABBV) up 4%
• Alphabet (GOOGL) up 3%
• Charter (CHTR) up 2%
• HCA Healthcare (HCA) up 1%
• Colgate-Palmolive (CL) up 1%

DOWN AFTER EARNINGS –

• Avantor (AVTR) down 12%
• Centene (CNC) down 3%
• AutoNation (AN) down 2%
• LyondellBasell (LYB) down 2%
• Intel (INTC) down 7%
• T-Mobile (TMUS) down 6%
• Gilead (GILD) down 3%