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Stock Futures Rise as Investors Eye Megacap Earnings

Stock futures are higher as investors look to rebound from last week's technology-led selloff, with attention turning to a week of megacap earnings that could determine whether the AI-driven rally regains momentum. However, gains remain restrained by escalating geopolitical tensions in the Middle East.This week's earnings calendar is headlined by Alphabet, Tesla, Intel and IBM, with investors closely watching whether continued heavy spending on artificial intelligence infrastructure is translating into stronger financial results. The reports come after semiconductor stocks suffered a sharp reversal last week, pushing the Philadelphia Semiconductor Index more than 20% below its June high and into bear market territory.Geopolitics remain a key market driver after the conflict between the United States and Iran intensified over the weekend. Brent crude climbed above $90 a barrel for the first time in more than a month as disruptions to shipping through the Strait of Hormuz fueled concerns over global energy supplies. The rise in oil prices has revived worries that higher energy costs could complicate the inflation outlook and influence future Federal Reserve policy.Treasury yields are moving higher alongside oil prices, with the benchmark 10-year yield approaching 4.6% and the 30-year yield rising above 5%, reflecting growing expectations that persistent energy-driven inflation could keep monetary policy restrictive for longer.In pre-market trading, S&P 500 futures rose 0.39%, Nasdaq futures rose 0.85% and Dow futures rose 0.15%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Hut 8up 15% after commercializing the second phase of its one-gigawatt Beacon Point data center campus in Nueces County, Texas through a second 15-year, $9.8B lease for 352 megawatts of IT capacityIrenup 8% after announcing that it has raised its year-end AI Cloud annualized run-rate revenue target from $3.7B to more than $4B, of which approximately 85% is now under contract following new multi-year cloud services contracts with AI developers representing $2.8B in total contract valueLXP Industrial Trustup 4% after entering into a definitive merger agreement under which Brookfield Asset Managementand CPP Investments will acquire the company in an all-cash transaction valued at approximately $5.2BSpaceXup 1% after reporting the thirteenth flight test of Starship is preparing to launch as early as Thursday, July 23UP AFTER EARNINGS -AMC Entertainmentup 18%Domino's Pizzaup 6%Nomad Foodsup 1%LOWER -Birkenstockdown 2% after Seaport Research downgraded the stock to Neutral from Buy with no price targetF.N.B.down 1% after BofA downgraded shares to Neutral with a price target of $19, down from $20Penguin Solutionsdown 1% after Barclays downgraded the stock to Underweight with an unchanged price target of $40

Nasdaq Composite Falls 1.5%, Netflix Guides Below Expectations

More pain in the tech arena drove major indices lower on Thursday, with Nasdaq Composite's 1.5% decline seen as the biggest retreat.  The 0.5% decline in S&P 500 also cut into the benchmark's two-day rally as  Communication Services - yesterday's best performing sector - was today's worst performing sector, as Alphabetand Meta Platformsfell 4.4% and 2.5% respectively.  Investors are turning more selective with regards to hyperscalers as Microsoftand Applecontinued their advance, though the selloff in the hardware, semiconductors and memory has become more indiscriminate.  Software was the winning area in the tech space as IBMbounced back with 4% following its 25% post-pre-announcement decline on Tuesday.  Outside of tech, Consumer Defensive, Real Estate, and Healthcare were the top three performing sectors in the S&P 500.In the opening hour of the evening session S&P, E-minis, and Nasdaq 100 contracts are down by about a decimal.  In commodities, WTI Crude Oil is back but just barely below $80 per barrel.  Precious metals were also under pressure, with Gold moving further below $4000 and Silver now below $56 per ounce.Key earnings afterhours saw the spotlight fall on Netflix, which was in-line on Q2 results but guided Q3 below consensus, sending shares to their lowest levels since late 2024.  Alcoawas also down modestly following a miss on both earnings and revenue in the quarter.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER -Construction Partnersup 4.5% after admission into S&P SmallCap 600 indexSweetgreenup 2.1% after reports that Taylor Farms may be linked to parasitic illness outbreakDOWN AFTER EARNINGS -Intuitive Surgicaldown 11.8%Independent Bankdown 9.4%Netflixdown 8.6%STAAR Surgicaldown 8.5%First Financial Banksharesdown 3.4%Alcoadown 3.2%F.N.B. Corporationdown 2.6%

F.N.B. Corporation Reports Q2 Revenue of $462.7M

Reports Q2 revenue $462.7M, consensus $466.7M. "F.N.B. Corporation's second quarter results reflect the successful execution of our technology-focused strategic business model, highlighted by a 17% year-over-year increase in EPS to $0.42. Record revenue of $463 million drove a 9% year-over-year increase in pre-provision net revenue (non-GAAP) and another quarter of positive operating leverage. Tangible book value per common share (non-GAAP) increased 10% compared to June 30, 2025, and return on average tangible common equity (non-GAAP) equaled 14%," said F.N.B. Corporation Chairman, President and Chief Executive Officer, Vincent J. Delie, Jr. "Average loans and leases grew 7% annualized linked-quarter while maintaining our strict credit discipline and originating high-quality assets in a volatile geopolitical and macroeconomic environment. Average non-interest-bearing deposit balances grew nearly 5% annualized from the prior quarter leading to a 26% mix of non-interest-bearing to total deposits for the seventh consecutive quarter. Our investments in digital capabilities, data analytics and artificial intelligence enable us to gain efficiency and deepen household penetration, expanding our position as the primary bank for our consumer, advisory and commercial customers."