U.S. Stock Futures Rise; Eli Lilly Acquires Curevo
Stock futures rose Tuesday as markets reacted to reports of potential progress in U.S.–Iran talks aimed at ending the conflict, with sentiment supported by President Trump's comments that negotiations were "proceeding nicely," though uncertainty remains after he warned that military action remains possible if talks fail.In pre-market trading, S&P 500 futures increased 0.72%, Nasdaq 100 futures were up 1.18% and Dow futures gained 0.53%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Eli Lillyup 1% after agreeing to acquire Curevo, LimmaTech Biologics, and Vaccine Company to build its infectious diseases portfolioLearup 2.3% after TD Cowen upgraded the stock from Buy to HoldSemiconductor stocks, including Micron, up 8%, and Qualcomm, up 3.5%, on hopes that easing geopolitical tensions around the Iran conflict could reduce supply-chain and risk-premium pressures across the semiconductor sectorSpace stocks rose, with Intuitive Machinesgaining 10.8% and AST SpaceMobileup 6.8%, with Cantor Fitzgerald saying optimism around government and commercial space contracts grew following a $90M U.S. Space Force award to Rocket Laband continued positive commentary on industry demandUP AFTER EARNINGS -Pony AIup 16%Elbit Systemsup 11.3%Ituranup 4.8%DOWN AFTER EARNINGS -AutoZonedown 5.1%LOWER -Ferraridown 2.9% after unveiling the Ferrari Luce, a five-seat EVExxon Mobiland Chevrondown 1% and 1.1%, respectively, after Barclays said depleting inventories, shrinking OPEC spare capacity, and a "muted" U.S. production response to the Middle East war are reinforcing a tighter oil macro backdrop that is not fully reflected in equities
