US Pre-Market Movers: SNDK, MU, SLNO, DOW, LYB, NFLX
Today's pre-market movers indicate significant shifts in investor sentiment across key sectors.
Iran says that the Marvdasht Petrochemical Complex was targeted; a fire was caused, but not significant damage
A White House official told me the plan for a 45-day ceasefire between the U.S. and Iran is "one of many ideas” being discussed at the moment; “The President has not signed off on it. President Trump will speak more at 1pm EDT”, via Axios' Ravid
US Pre-Market Movers: SNDK, MU, SLNO, DOW, LYB, NFLX
Citi sees the Fed cutting rates starting from September (prev. June)
"Hearing the sound of huge Kuwaiti explosions in Basra, Iraq", via Tasnim
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- Sandisk (SNDK) +4%, Micron (MU) +3.7%: Memory names performing well after recent sell off.
- Soleno Therapeutics (SLNO) +33%: Neurocrine (NBIX) -2% confirmed it is to acquire SLNO for USD 53/shr in cash, or USD 2.9bln.
- Netflix (NFLX) +1.9%: upgraded to Buy from Neutral at Goldman Sachs
- Dow Inc (DOW) -3.4%: downgraded to Underperform from Neutral at Bank of America
- LyondellBasell (LYB) -3.8%: downgraded to Underperform from Neutral at Bank of America
Sandisk and Micron are rebounding after a prior decline, signaling renewed confidence in semiconductors, while Neurocrine's acquisition of Soleno is buoying SLNO, highlighting strong M&A activity. Conversely, Dow and LyondellBasell's downgrades from Bank of America suggest challenges in the chemicals sector, which may impact broader market sentiment and investor positioning.
Related headlines
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 7 hours ago
- Newsqawk European Market Wrap - 9th September 20266 hours ago
- US Midterm Update: Latest Polymarket pricing puts Democratic sweep at 50%; Republican midterm 2-day convention to start tonight4 hours ago
- Newsquawk Daily US Equity Opening News: DOW weighs exit from $20b Saudi chemicals venture; GOOG to invest $15bln in Finnish AI infrastructure8 hours ago
- Dow (DOW) reportedly weighs exit from USD 20bln Saudi chemicals venture9 hours ago
- Russian Kremlin spokesperson Peskov says Presidents Putin and Trump did not discuss the possibility of holding a new meeting at APEC, but there is an understanding that such a meeting could take place, Interfax reports8 hours ago
- US President Trump says after the election, oil prices will tumble lower; gasoline price will take a bit longer2 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 3.02 HIGHER AT 96.05/BBL; BRENT (X6) SETTLES USD 3.29 HIGHER AT 101.21/BBL2 hours ago
- US President Trump says he thinks war with Iran will end immediately after the election2 hours ago
- Israeli army artillery bombarded the northern parts of the village of Taranja near the outskirts of Quneitra, reports Tasnim1 hour ago
- US Senator Slotkin says "We hear rumors that Trump is planning to allow Chinese cars to be sold in the U.S., as part of a larger deal"4 hours ago
- Trump admin official says buyback increase of part of ongoing approach, reports Fox Business5 hours ago
- Analog Devices (ADI) and Alif Semiconductor today announced a definitive agreement under which ADI will acquire Alif in an all-cash transaction for USD 1.35bln8 hours ago
- US BROKER MOVES: TMO upgraded at UBS; VMC downgraded at Wells Fargo8 hours ago
- Primer: US to sell USD 39bln of 10-year notes at 18:00BST/13:00 EDT4 hours ago
- Supply chain reports indicate that NVIDIA (NVDA) is significantly increasing prices to secure probe card and test socket production capacity from major test interface vendors, reports DigiTimes1 hour ago
- OpenAI is reportedly projecting compute spending of c. USD 750bln through 2030 but still feels "really short" on computing power, NYT reports8 hours ago
- Salesforce (CRM) reportedly held talks to buy Listen Labs, an AI customer research platform, for USD 2bln, according to Business Insider1 hour ago
- [MARKET UPDATE]: Yields rise, supporting the Dollar, weighing on stocks and spot gold after US Treasury announces it will buy a maximum USD 6bln in 10-20yr liquidity support buyback op. on Thursday5 hours ago
- Primer: US PPI due Thursday 10th September at 13:30BST/08:30EDT50 min ago
The whole workspace, free to try.
Try it free