Stock Futures Flat as Investors Await Economic Data
Stock futures are staying mostly flat this morning as investors pause after recent gains and wait for fresh economic data that could influence the next move by the Federal Reserve.After a strong rally that pushed major indexes to multi-week highs, the market seems to be digesting optimism about a potential rate cut while bracing for upcoming reports that could shake up sentiment.Smaller-cap and value-oriented stocks appear to be drawing more attention than in previous weeks. With interest-rate expectations shifting and borrowing costs possibly heading lower, some investors are repositioning toward companies that typically benefit from easier monetary policy.In pre-market trading, S&P 500 futures rose 0.06%, Nasdaq futures slipped 0.05% and Dow futures rose 0.05%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Billup 1% after Bloombergactivist investor Barington Capital has acquired a roughly $25M stake in the company, joining Elliott and Starboard in urging the board to consider a saleUP AFTER EARNINGS -Dollar Generalup 5%SAICup 4%Hormel Foodsup 3%Donaldsonup 2%Beta Technologiesup 2%TD Bankup 1%Salesforceup 1%DOWN AFTER EARNINGS -Genescodown 21%Build-A-Beardown 18%Krogerdown 3%Wileydown 2%Snowflakedown 9%LOWER -MBX Biosciencesdown 12% after Goldman Sachs initiated coverage of the stock with a Sell rating and $18 price target
