Morning Movers: Monday.com sinks following third quarter results

Markets are opening with a boost as global equity futures climbed on signs that the federal government shutdown, now the longest in U.S. history, may be nearing a resolution. A procedural vote in the Senate advanced a funding bill that would reopen the government and clear the way for three full-year appropriations bills, lifting some of the political and economic overhang.

Stock futures were up while major European and Asian indices also rose. Treasury yields ticked higher and the dollar stabilized as risk appetite picked up.

Meanwhile, softer inflation data from China helped underpin sentiment, though weakness in other areas, such as declining auto sales, still reminds investors of structural headwinds.

In pre-market trading, S&P 500 futures rose 0.95%, Nasdaq futures rose 1.50% and Dow futures rose 0.38%.

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

HIGHER –

• TreeHouse (THS) up 19% after entering into a definitive agreement under which the company will be acquired by Investindustrial in an all-cash transaction for a total enterprise value of $2.9B
• Rumble (RUM) up 15% after Bloomberg reported Rumble is proceeding with an all-share offer to acquire German AI company Northern Data (NDTAF) in a deal set to value the target at less than its current market capitalization

UP AFTER EARNINGS –

• Instacart (CART) up 7%
• Tyson Foods (TSN) up 4%
• FreightCar America (RAIL) up 4%
• Organon (OGN) up 3%

DOWN AFTER EARNINGS –

• Monday.com (MNDY) down 20%
• 908 Devices (MASS) down 9%
• Camtek (CAMT) down 8%

LOWER –

• Metsera (MTSR) down 15% after announcing that it has entered into an amended merger agreement with Pfizer (PFE), pursuant to which Pfizer will acquire the company for up to $86.25 per share