Morning Movers: CarMax slips following second quarter results

Stock futures are inching lower, reflecting a shift toward more defensive posturing ahead of key inflation data and further signals from the Fed. Equity markets look set to open with a cautious tone again today following two down days for stocks.

Gold is maintaining its firm footing, buoyed by a slightly weaker U.S. dollar and the growing consensus that the Fed may tolerate elevated inflation in order to support employment. Spot gold is hovering just under its recent peaks.

Adding to investor unease is the looming threat of a U.S. government shutdown, with budget talks stalling. A shutdown could delay economic data, impair regulatory oversight, and complicate capital markets operations.

In pre-market trading, S&P 500 futures fell 0.42%, Nasdaq futures fell 0.62% and Dow futures fell 0.21%.

Check out this morning’s top movers from around Wall Street, compiled by The Fly, and subscribe to the Fly By on YouTube.

HIGHER –

• Vertex Pharmaceuticals (VRTX) up 1% after announcing advancements across its kidney portfolio and being upgraded at Leerink 
• Citi (C) up 1% after disclosing that CHPAF Holdings has agreed to purchase from Citi an equity stake in Grupo Financiero Banamex for $2.3B

UP AFTER EARNINGS –

• LuxExperience (LUXE) up 20%

DOWN AFTER EARNINGS –

• CarMax (KMX) down 15%
• Jabil (JBL) down 6%
• TD Synnex (SNX) down 4%
• Stitch Fix (SFIX) down 9%
• KB Home (KBH) down 1%

LOWER –

• DarioHealth (DRIO) down 11% after announcing that its board of directors has initiated a strategic review following multiple unsolicited inbound strategic inquiries from interested parties