L3Harris and Department of War Agree on 10% Investment Deal
Stock futures are modestly higher following the U.S. consumer price index release, which may be seen helping to shape expectations for Federal Reserve policy and the pace of potential rate cuts later this year.Underlying sentiment is a blend of resilience from recent record highs and caution ahead of fresh catalysts.Asian equities, notably Japan's Nikkei, have surged to fresh records on optimism around potential fiscal stimulus and election developments, though the weak yen and rising yields are adding complexity to regional flows. European markets are modestly higher as well, showing that overseas sentiment remains relatively constructive even as U.S. participants tread carefully ahead of the inflation print.Commodities and currencies are also influencing sentiment. Oil prices continue to climb on geopolitical risks tied to unrest in Iran and potential supply impacts, while precious metals remain elevated on safe-haven demand amid policy uncertainty.In pre-market trading, S&P 500 futures rose 0.08%, Nasdaq futures rose 0.09% and Dow futures were flat.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -L3Harris Technologiesup 10% after the company and the Department of War agreed to the terms of a proposed DoW investment in L3Harris' Missile Solutions business through a $1B convertible preferred security, which would automatically convert into common equity upon an initial public offeringCardinal Healthup 4% after raising its FY26 EPS outlook ahead of the ICR conferenceUP AFTER EARNINGS -Energousup 13%NeuroPaceup 7%DOWN AFTER EARNINGS -Concentrixdown 7%Delta Air Linesdown 4%BNY Mellondown 1%JPMorgandown 1%
