Morning Movers: Johnson & Johnson slips after rejection of Talc case settlement

Stock index futures are experiencing early declines amid investor apprehension surrounding President Donald Trump’s impending “Liberation Day” tariffs, set to be introduced tomorrow.

In the commodities market, gold prices have surged to new record highs as investors seek safe-haven assets amid escalating trade tensions. Spot gold briefly surpassed $3,170 per ounce, highlighting the prevailing market anxiety. ​Meanwhile, oil prices have exhibited modest gains. 

Investors are closely monitoring developments related to the “Liberation Day” tariffs, as the lack of clarity continues to contribute to market volatility. 

In pre-market trading, S&P 500 futures fell 0.38%, Nasdaq futures fell 0.35% and Dow futures fell 0.53%.

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

HIGHER –

• XPeng (XPEV) up 3% after reporting March deliveries of 33,205 Smart EVs
• Nio (NIO) up 1% after delivering 15,039 vehicles in March

UP AFTER EARNINGS –

• Evaxion Biotech (EVAX) up 1%
• PVH Corp. (PVH) up 16%

DOWN AFTER EARNINGS –

• Poet Technologies (POET) down 2%
• Ultralife (ULBI) down 1%

LOWER –

• Johnson & Johnson (JNJ) down 4% after the U.S. Bankruptcy Court for the Southern District of Texas denied the request by J&J subsidiary Red River Talc to confirm its proposed prepackaged bankruptcy plan
• On Holding (ONON) down 2% after announcing the departure of co-CEO Marc Maurer