US PRE-MARKET MOVERS: SMH, MAGS, DRAM, AA, SPCX, ISRG, ALV, SFNC

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FDA raises maximum allowable citrus reticulata juice in pasteurised orange juice to 15% by volume

Amazon's (AMZN) Zoox unit says it is recalling self-driving vehicles because they may not detect or respond to heavy smoke

US PRE-MARKET MOVERS: SMH, MAGS, DRAM, AA, SPCX, ISRG, ALV, SFNC

US Export Prices YoY (Jun) Y/Y 10.2% (Prev. 11.2%)

US Import Prices YoY (Jun) Y/Y 7.1% (Prev. 6.7%)

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ES -0.9% NQ -1.9% RTY -0.8%

  • SMH -3.5%, MAGS -1.7%, DRAM -4.2%: Moonshot AI's new Kimi K3, a top-ranked open-source AI model, adds competitive pressure on US tech.
  • AA -1.8%: Adj. EPS missed.
  • SPCX -4.1%: Starship aborted seconds before test-flight liftoff on 16th July.
  • ISRG -10.3%: Soft US Da Vinci procedure growth.
  • ALV -5.6%: Adj. EPS fell short of expectations.
  • SFNC -7.3%: Adj. EPS & revenue missed.

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