VMI News & Events

Stock futures are relatively subdued and mixed this morning after a powerful rally as investors shift attention from geopolitical headlines toward tomorrow's Federal Reserve decision and commentary from new Fed Chair Kevin Warsh. Markets have been encouraged by reports surrounding a preliminary U.S.-Iran agreement that could ease concerns over the Strait of Hormuz and reduce energy-related inflation pressure. Crude has continued falling with Brent and WTI moving lower as traders increasingly price in normalization of global supply and softer demand expectations. Consensus expectations for the Fed are no immediate rate move, but investors will closely watch Warsh's tone on inflation, labor conditions, and the path of policy through year-end.In pre-market trading, S&P 500 futures fell 0.04%, Nasdaq futures dipped 0.12% and Dow futures rose 0.21%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Rackspaceup 22% after disclosing a 15% workforce reduction plan intended to realign its workforce around how production AI is deployed and announcing an agreement for the phased deployment of an initial 30 MW footprint dedicated to AMD-based compute deployments across Rackspace's global data centersSpaceXup another 5% after its IPO on Friday, noting that it has finalized its agreement to acquire CursorValmontup 7% after providing FY29 guidance ahead of its investor dayOlinup 6% after the company and Huntsman announced that they have entered into a definitive agreement to combine in an all-stock merger of equalsRobinhoodup 1% after announcing a reduction in force that involves approximately 10% of the company's full-time employeesDOWN AFTER EARNINGS -Domodown 20%Dave & Buster'sdown 17%Vince Holdingdown 1%LOWER -Huntsmandown 7% after Olin and Huntsman announced that they have entered into a definitive agreement to combine in an all-stock merger of equalsEricssondown 2% after appointing Per Narvinger as CEO as Borje Ekholm has decided to step down