Morning Movers: Charter to combine with Cox Communication

Stock market futures are poised to extend gains, buoyed by easing trade tensions and positive economic indicators.​

Investor optimism has been fueled by a significant U.S.-China trade agreement that reduced average U.S. import tariffs, alleviating fears of a prolonged trade war and its potential impact on the global economy. ​

In the commodities market, Bitcoin has approached $104,000, oil prices have increased, and gold futures have declined. The 10-year Treasury yield has also fallen slightly, indicating a cautious approach among investors as they digest the latest economic data. ​

Looking ahead, market participants are closely monitoring the release of April housing-starts data and the University of Michigan’s preliminary consumer sentiment index for May, which are expected to provide further insights into the health of the economy and influence the Federal Reserve’s monetary policy decisions. ​

In pre-market trading, S&P 500 futures rose 0.26%, Nasdaq futures rose 0.24% and Dow futures rose 0.31%.

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

LOWER –

• Charter (CHTR) down 1% after the company and Cox Communications announced that they have entered into a definitive agreement to combine their businesses
• Novo Nordisk (NVO) down 2% after announcing Lars Fruergaard Jorgensen will step down from his role as CEO

UP AFTER EARNINGS –

• Mastech Holdings (MHH) up 6%
• Ageagle Aerial Systems (UAVS) up 5%
• OS Therapies (OSTX) up 4%
• Virgin Galactic (SPCE) up 13%

DOWN AFTER EARNINGS –

• reAlpha (AIRE) down 10%
• Brady (BRC) down 3%
• Flowers Foods (FLO) down 2%
• Codere Online (CDRO) down 2%
• Doximity (DOCS) down 16%
• Applied Materials (AMAT) down 4%