U.S. stocks on the move: CoreWeave, Versant Media, BlackBerry
SPY•Wall Street futures dropped as the Middle East conflict remained unresolved and investors were cautious ahead of a summit between Presidents Donald Trump and Xi Jinping. CoreWeave shares gained after a JPMorgan upgrade, BlackBerry gained as QNX revenue reached a record, and Versant Media gained after Citi initiated coverage with a buy rating.
1. Selected stock moves
CoreWeave shares gained after JPMorgan upgraded the company to overweight. BlackBerry gained as revenue from its QNX division reached a record high, while Versant Media gained after Citi initiated coverage with a buy rating.
2. Market backdrop
Wall Street futures dropped as the Middle East conflict remained far from a resolution. Investors were also cautious ahead of a closely watched summit between Presidents Donald Trump and Xi Jinping.
