Stock Futures Stabilize, But Market Sentiment Remains Fragile

Written by Emily J. Thompson, Senior Investment Analyst

NATH-0.11%

HAL+0.29%

TDY+1.4%

Updated: 6d ago

0mins

After yesterday's steep selloff, stock futures are attempting to stabilize but sentiment remains fragile. Markets are trading in a volatile and unsettled environment as traders digest significant geopolitical and trade policy risks that have dominated headlines this week.The backdrop for equities reflects a risk-off tilt, with equity selloffs triggering flows into traditional safe havens. Precious metals such as gold have continued to rally, with prices extending to new record highs as investors seek refuge from market stress, while the dollar and Treasury yields are fluctuating with shifts in risk sentiment. The renewed focus on geopolitical and trade policy risk has also kept volatility elevated, drawing attention to the VIX and other measures of market stress that have climbed sharply in recent sessions.In pre-market trading, S&P 500 futures fell 0.11%, Nasdaq futures fell 0.26% and Dow futures fell 0.26%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Nathan's Famousup 8% after entering into a definitive merger agreement for Smithfield Foodsto acquire all of the company's issued and outstanding shares for $102.00 per share in cashUP AFTER EARNINGS -Teledyneup 3%United Airlinesup 3%Halliburtonup 2%Citizens Financialup 1%DOWN AFTER EARNINGS -Netflixdown 7%TE Connectivitydown 3%Ally Financialdown 2%Johnson & Johnsondown 2%Truist Financialdown 2%Travelersdown 1%Charles Schwabdown 1%LOWER -Kraft Heinzdown 7% after disclosing that its largest shareholder, Berkshire Hathaway, could sell nearly all of its over 325M share stake post the spinoff

NATH

$101.22+Infinity%1D

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About NATH

Nathan’s Famous, Inc. is a licensor, wholesaler and retailer of products marketed under its Nathan’s Famous brand, including its Nathan’s World Famous Beef Hot Dogs. The Company distributes its products in 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, and 20 foreign countries. The Branded Product Program segment is engaged in the sale of hot dog products either directly to foodservice operators or to various foodservice distributors who resell the products to foodservice operators. The Product licensing segment includes royalties, from licensing a range of its branded products, including its hot dogs, sausage and corned beef products, frozen French fries and additional products, through retail grocery channels and club stores throughout the United States. The Restaurant operations segment is engaged in the sale of its products at Company-owned restaurants and earns fees and royalties from its franchised restaurants, including its virtual kitchens.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.