Morning Movers: Disney jumps after first quarter earnings, Abu Dhabi resort plan

Stock futures are pointing to a higher open, buoyed by optimism over potential U.S.-China trade negotiations and anticipation of the Federal Reserve’s interest rate decision.

Investor sentiment has improved following reports that China is evaluating U.S. proposals for trade discussions, signaling a possible thaw in trade tensions that have weighed on markets in recent weeks.​

Bitcoin has climbed 2%, nearing $97,000, while oil prices have gained and gold prices have slipped.​

Investors are closely watching the Federal Reserve’s interest rate announcement later today, with expectations that the Fed will maintain rates between 4.25% and 4.5%. Market participants will be analyzing the Fed’s commentary for hints on future rate cuts.​

In pre-market trading, S&P 500 futures rose 0.40%, Nasdaq futures rose 0.32% and Dow futures rose 0.48%.

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

UP AFTER EARNINGS –

• Rockwell Automation (ROK) up 12%
• Disney (DIS) up 8%
• Emerson (EMR) up 5%
• Novo Nordisk (NVO) up 5%
• Unity (U) up 1%
• Lumentum (LITE) up 6%
• AMD (AMD) up 1%

DOWN AFTER EARNINGS –

• Edgewell Personal Care (EPC) down 10%
• CPI Card Group (PMTS) down 4%
• Uber (UBER) down 3%
• Johnson Controls (JCI) down 2%
• Sarepta (SRPT) down 17%
• Arista Networks (ANET) down 6%