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(Bloomberg) — US equity-index futures are mixed after Thursday’s rally to a fresh record. Contracts on the S&P 500 Index are up 0.1% at 7:45 a.m. in New York.
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- Nasdaq 100 futures fall 0.2%
- Dow Jones Industrial Average futures rise 0.3%
- The MSCI World Index rises 0.1%
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Here are some of the biggest US movers before the bell:
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- Magnificent Seven stocks:
- Apple Inc. (AAPL) is up 3.8% after giving a surprisingly strong revenue forecast for the third quarter, even as it warned that memory-chip costs will increase and that shortages of Mac computers will persist for “several months.”
- Nvidia (NVDA) +0.4%, Microsoft (MSFT) +0.4%, Meta Platforms (META) +0.3%, Tesla (TSLA) -0.2%, Alphabet (GOOGL) -0.2%, Amazon (AMZN) -0.7%,
- Amgen (AMGN) is down 1.6% after the drugmaker reported underwhelming sales of some of its newer products for the first quarter, with Baird calling the results a “mixed bag.”
- Cohu (COHU) falls 1.1% after the semiconductor manufacturing company reported adjusted earnings per share that missed the average analyst estimate. However, analysts remain positive on its long-term growth prospects.
- Moderna Inc. (MRNA) jumps 6.7% after first-quarter sales beat expectations, as the struggling vaccine maker that’s faced resistance from the Trump administration has found new growth outside the US.
- Roblox (RBLX) tumbles 24% after the video-game company reported daily active users for the first quarter that missed the average analyst estimate. The company also lowered its forecast for full-year bookings, a key measure of sales, after implementing safety features restricting how kids, who make up a majority of its audience, can use the platform.
- Sandisk (SNDK) is down 6.2% after the computer hardware and storage company reported third-quarter results that were much stronger than expected and gave an outlook that was well above the consensus. Despite the upside in the report and forecast, analysts said the report may not have been strong enough to meet high investor expectations.
- Summit Therapeutics (SMMT) is down 21% after the biotech firm said it plans to continue the study of its experimental cancer drug, following a review by an independent committee. Barclays analysts say the optics of the new guidance pressured shares.
- Sunbelt Rentals (SUNB) is down 2.6% after JPMorgan cut the recommendation on the equipment rental company to underweight from neutral, citing an “increase in industry-wide freight rates and fuel costs and the expected outperformance of Specialty (which is lower margin vs. General Tool).”
- Twilio Inc. (TWLO) jumps 18% after the software company reported revenue for the first quarter that beat the average analyst estimate. The company also raised its revenue growth forecast for the year.
- Veeva Systems (VEEV) rises 9.7% as the cloud-based software company is set to replace Coterra Energy in the S&P 500.
- Zeta Global (ZETA) is up 6.5% after the software company reported first-quarter results that beat expectations and raised its full-year forecast. Analysts are especially positive on the company’s Athena AI operating system.
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