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KNF Events
Stock Futures Decline as Treasury Yields Rise
Stock futures have slumped Thursday as a sharp rise in Treasury yields and renewed oil price gains weighed on equities, more than offsetting renewed AI optimism following Meta'sMuse product rollout event.In pre-market trading, S&P 500 futures declined 0.5%, Nasdaq 100 futures fell 0.95% and Dow futures lost 0.26%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Knife Riverup 5% following Starboard Value announcing a position and plans to push the company's management to improve its margins or explore a saleEverpureup 6% after the company forecast revenue for 2028 that exceeded estimatesDolby Labsup 4% after the company announced the expansion of Dolby experiences within the Meta ecosystem of devices and platformsUP AFTER EARNINGS -H.B. Fullerup 1%BlackBerryup 1%DOWN AFTER EARNINGS -Stitch Fixdown 17%Dardendown 4%TD Synnexdown 10%LOWER -MGM Resortsdown 10% after Barry Diller's Peopledropped plans to acquire the rest of the casino company it does not already ownDropboxdown 5% after Citi downgraded the stock to SellEtsydown 2% after Arete downgraded the stock to Neutral from BuyViking Therapeuticsdown 12% after offering $200M in common shares and another $200M in convertible notes to help fund clinical developmentAcadia Pharmaceuticalsdown 5% after saying its Phase 2 portion of RADIANT trial "narrowly missed" its primary endpoint
WTI Crude Oil Rises Above $92 Amid Trump-Iran Standoff
U.N. General Assembly standoff pitting President Trump's threat to annihilate Iran against a defiant tone from Iranian President that his country will not bow down to pressure reverberated across financial markets on Wednesday, with WTI crude oil breaking a string of five consecutive declining sessions to rise above $92 per barrel. Energy was the only sector to finish in the green, while Basic Materials and Communication Services were the biggest decliners. Dented hopes for a diplomatic offramp also contributed to higher borrowing costs in the US - the 10-year Treasury note yield spiked 15 basis points to a multi-decade high of 5.11%. In the opening hour of the evening session, index futures are little changed - S&P e-minis are below 7.770 and Nasdaq 100 is below 30,800.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER -Everpureup 4.9% after above-consensus FY28 revenue guidance at Investor Day presentationKnife Riverup 4.0% after WSJ report of Starboard Value taking a stakeGlossmer Bioup 1.9% after submitting NDA for seralutinibInhibrx Biosciencesup 1.4% after insider buyDOWN AFTER EARNINGS -Stitch Fixdown 17.7%HB Fullerdown 0.6%ALSO LOWER -Viking Therapeuticsdown 8.3% after $200M spot secondaryMGM Resorts Internationaldown 8.0% after Barry Diller withdrew bid for companyTransUniondown 2.4% after CFO resignation
Knife River Shares Up 8% to $55.59 After WSJ Report on Starboard Stake
Knife River up 8% at $55.59 after WSJ report on Starboard stake
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