BUZZ-U.S. Stocks on the Move-Abbott, Citizens Financial, Lululemon Athletica
SPY•Market backdrop
The S&P 500 and the Nasdaq were set for a lower open on Thursday as chip stocks weakened again, while investors parsed fresh economic data for clues on the health of the economy.
Stocks on the move
- Space Explorations Technologies Corp and Rocket Lab Corp: Piper Sandler initiates coverage on space-linked firms.
- UnitedHealth Group Inc: Rises after a 2026 profit forecast raise.
- AtaiBeckley Inc: Surges after a report says Lilly is nearing a buyout deal.
- Taiwan Semiconductor Manufacturing Co Ltd: NYSE-listed shares down; chipmaker pledges to invest $100 billion more in the US.
- AST SpaceMobile Inc: Tumbles on a $1 billion convertible bond sale.
- Nutrien Ltd: Jefferies cuts Nutrien to 'hold' on weaker fertilizer outlook.
- Abbott Laboratories: Rises after raising annual profit forecast on heart device demand.
- Citizens Financial Group Inc: Rises after Q2 profit jump.
- Etsy Inc: Slips as BTIG downgrades stock to 'neutral' on limited upside.
