United States stock futures are climbing before the bell, as Wall Street responds to the Federal Reserve’s first rate cut of the year and signals for a patient approach to further easing. With major banks reducing borrowing costs and the Fed projecting just a couple more rate cuts, investors are focused on whether lower rates will be enough to spur economic momentum and offset lingering concerns around labor market strength.
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Top Movers
- Baidu (BIDU) surged 11.34% after analyst upgrades and record-setting offshore bond sales.
- Workday (WDAY) jumped 7.25% as analysts raised price targets, citing strong AI and margin momentum.
- Nebius Group (NBIS) rose 5.20%.
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Top Losers
- Uber Technologies (UBER) fell 4.99% as the company announced a new DSW retail partnership on Uber Eats.
- Symbotic (SYM) declined 4.71%.
- Broadcom (AVGO) dropped 3.84%.
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On The Radar
Thursday’s spotlight is on fresh earnings from industry majors, as investors look for clues on post-Fed economic momentum.
- Darden Restaurants (DRI) will release pre-market earnings on Thursday, highlighting trends in consumer dining demand and forward guidance.
- Lennar (LEN) will report Thursday after the bell, with markets focusing on homebuilding margins and housing demand given the changing rate environment.
- FedEx (FDX) is expected to announce results Thursday afternoon, offering insights into global shipping volumes and cost management as trade dynamics evolve.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Warren AI
Warren AI compiles analysts opinions to create narratives on stocks using their latest Consensus Price Targets, Forecasted Revenue and Earnings figures, as well as the transcripts of earnings calls.
