US PRE-MARKET MOVERS: MU, BABA, ALGN, RIVN, FIVE, ACN

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Daily US Equity Opening News - MU falls on higher capex plans; AAPL seen topping USD 1bln AI revenue this year

Eni (ENI IM) targets EUR 1.5bln share buyback in 2026

US PRE-MARKET MOVERS: MU, BABA, ALGN, RIVN, FIVE, ACN

US Philly Fed Employment (Mar) 0.8 (Prev. -1.3)

US Philly Fed CAPEX Index (Mar) 25.80 (Prev. 14.40)

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ES -0.6% NQ -0.7% RTY -1.0%

  • MU -5.6%: Concerns over peak GM from capex outweigh earnings beat.
  • BABA -5.0%: Profit and rev. missed.
  • ALGN +6.1%: Elliott Investment Management takes a significant stake.
  • RIVN +9.1%: Partnered with UBER on Robotaxis; UBER to invest $1.25B in RIVN.
  • FIVE +6.3%: Q metrics & guidance beat.
  • ACN -4.5%: FY profit outlook missed..

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