U.S. Futures Rise as Several Companies Report Earnings and Deals
U.S. equity futures advanced ahead of the open. Multiple companies announced earnings results, dividend changes, and acquisition agreements.
thehindubusinessline.comU.S. equity index futures rose in pre-market trading. The S&P 500 futures gained 0.4 percent, Nasdaq futures increased 0.8 percent, and Russell 2000 futures climbed 0.9 percent. FedEx raised its annualized dividend rate by 5 percent to $4.88 per share. The increase followed a one-time adjustment tied to the spin-off of FedEx Freight.
Nuvalent shares rose 39 percent after GSK agreed to acquire the company for $10.6 billion, or $124 per share in cash. The stock closed the previous session at $88.49. J.M. Smucker shares gained 4.2 percent after the company reported earnings and revenue above expectations and issued a full-year profit outlook that exceeded forecasts.
Digital shares increased 11.5 percent after the company signed a 15-year lease with a U.S.-based hyperscaler at its Delta Forge 2 site. The agreement is expected to generate $5.2 billion in revenue. SailPoint shares fell 13.5 percent after the company issued disappointing full-year guidance.
