Morning Movers: Walgreens up after go-private deal, Broadcom jumps on earnings

Stock index futures in the United States are trending lower this morning as investors weigh ongoing trade tensions and uncertainty surrounding the Federal Reserve’s next policy move. Persistent concerns over economic growth and geopolitical risks have contributed to cautious sentiment in the market.

In the commodities space, gold prices have pulled back slightly as investors take profits following a strong rally. April gold futures dipped to $2,920.6 per troy ounce, down from the previous close of $2,929.3, as traders assess shifting risk appetite and potential rate policy changes. Meanwhile, oil prices have stabilized after hitting six-month lows earlier in the week. Brent crude inched up 0.72% to $69.80 per barrel, while West Texas Intermediate crude rose 0.72% to $66.79 per barrel. The recovery comes amid ongoing supply concerns and uncertainty over global demand, with investors monitoring OPEC+ production plans and the broader impact of trade disruptions on energy markets.

In pre-market trading, S&P 500 futures rose 0.25%, Nasdaq 100 futures rose 0.08% and Dow futures fell 0.02%.

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

HIGHER –

• Walgreens Boots Alliance (WBA) up 6% after announcing that it has entered into a definitive agreement to be acquired by an entity affiliated with Sycamore Partners
• Wayfair (W) up 3% after Jefferies upgraded the stock to Buy with a price target of $47, up from $45

UP AFTER EARNINGS –

• inTEST (INTT) up 9%
• Broadcom (AVGO) up 10%

DOWN AFTER EARNINGS –

• Genesco (GCO) down 19%
• WhiteHorse Financial (WHF) down 1%
• Costco (COST) down 1%
• HP Enterprise (HPE) down 18%

LOWER –

• Intuitive Machines (LUNR) down 34% after reporting its moon landing of Athena didn’t touch down as designed