U.S. stock futures were mostly higher Tuesday as investors awaited crucial inflation figures set for release later in the day.
Here’s a look at some of the top movers in early U.S. trading:
- Intel (NASDAQ:INTC) saw its shares rise by 2.8% after President Donald Trump praised CEO Lip-Bu Tan in a recent meeting, just days after initially calling for his resignation.
- Sinclair Broadcast Group (NASDAQ:SBGI) jumped 21% following the company’s announcement that it is evaluating potential mergers or the possibility of spinning off a ventures division.
- Celanese (NYSE:CE) dropped sharply by 16% after the specialty chemicals firm warned of weakening demand across most of its key markets in the latter half of the year.
- Tencent Music Entertainment (NYSE:TME) climbed 4.6% as the Chinese streaming giant reported second-quarter earnings that exceeded analysts’ expectations.
- Pony.ai (NASDAQ:PONY) shares rose 2.8%, buoyed by a strong Q2 revenue report and confirmation that it remains on target to hit its vehicle delivery goals for the year.
- On Holding (NYSE:ONON) surged 10% after the Swiss sports apparel company surpassed second-quarter sales forecasts and raised its outlook for the full year.
- Hanesbrands (NYSE:HBI) soared 42% amid reports that Canadian apparel maker Gildan Activewear (NYSE:GIL) is close to acquiring the U.S. innerwear company for roughly $5 billion, including debt.
- Palo Alto Networks (NASDAQ:PANW) gained 1.2% after Piper Sandler upgraded the cybersecurity firm’s rating from ‘neutral’ to ‘overweight,’ citing strong momentum from its platform expansion, which has boosted new bookings.
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