Morning Movers: Canada Goose and Lowe’s rise following quarterly results

Stock futures are trending downward, signaling a cautious start to the trading day. After a six-day rally, the major U.S. indices closed lower on Tuesday amid concerns over President Trump’s proposed tax-cut bill and a recent sovereign credit rating downgrade.

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Oil prices have risen following reports that Israel is preparing for a potential strike on Iranian nuclear facilities. This development has heightened geopolitical risks, contributing to market volatility.

In pre-market trading, S&P 500 futures fell 0.68%, Nasdaq futures fell 0.7% and Dow futures fell 0.88%.

Check out this morning’s top movers from around Wall Street, compiled by The Fly. 

UP AFTER EARNINGS –

• Canada Goose (GOOS) up 16%
• XPeng (XPEV) up 5%
• Lowe’s (LOW) up 1%
• Toll Brothers (TOL) up 1%

DOWN AFTER EARNINGS –

• VF Corp. (VFC) down 14%
• Target (TGT) down 6%
• TJX (TJX) down 1%
• Palo Alto Networks (PANW) down 5%

LOWER –

• Wolfspeed (WOLF) down 63% after The Wall Street Journal reported the company has passed on multiple out-of-court debt-holder restructuring proposals and is preparing for a Chapter 11 bankruptcy filing within weeks
• Nu Holdings (NU) down 2% after disclosing that Youssef Lahrech is stepping down as president and COO after almost six years at the company