Morning Movers: Burlington jumps and Macy’s falls as retailers report earnings

Stock index futures in the United States are pointing lower this morning, reflecting investor concerns over escalating trade tensions and mixed corporate earnings reports. In the commodities market, gold prices have experienced a slight decline. This downturn has been attributed to profit-taking by investors following recent gains.

Gold futures for April delivery decreased to $2,920.6 per troy ounce, down from the previous close of $2,929.3. Conversely, oil prices have steadied after reaching six-month lows earlier this week. This stabilization comes amid concerns over rising supply and the potential impact of tariffs on global economic growth. Brent crude edged up 0.72% to $69.80 per barrel, while West Texas Intermediate crude increased 0.72% to $66.79 per barrel.

In pre-market trading, S&P 500 futures fell 1.1%, Nasdaq 100 futures fell 1.42% and Dow futures fell 0.89%.

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

HIGHER –

• Allegro MicroSystems (ALGM) up 7% after the company confirmed that it received an unsolicited proposal from On Semiconductor (ON) to acquire Allegro for $35.10 per share in cash
• Target Hospitality (TH) and CoreCivic (CXW) up 13% and 4%, respectively, after the companies entered into a five-year lease and services agreement to resume operations utilizing Target’s existing assets located in Dilley, Texas

UP AFTER EARNINGS –

• Burlington Stores (BURL) up 13%
• BJ’s Wholesale (BJ) up 1%
• Zscaler (ZS) up 3%

DOWN AFTER EARNINGS –

• Macy’s (M) down 5%
• Kroger (KR) down 2%
• MongoDB (MDB) down 19%
• Marvell (MRVL) down 17%
• Victoria’s Secret (VSCO) down 3%

LOWER –

• On Semiconductor (ON) down 4% after proposing to acquire Allegro for $35.10 per share in cash for each share