U.S. stocks on the move: Moderna, Nike, Synaptics
MRNA•U.S. stock index futures advanced as Treasury yields retreated and oil prices softened ahead of a jobs report. Moderna shares rose on a planned Nasdaq 100 entry, Nike fell on a weak full-year revenue forecast and first-quarter sales miss, and Synaptics rose with onsemi on a revised merger deal.
1. Company share moves
Moderna shares rose on its planned entry into the Nasdaq 100. Nike slid after issuing a weak full-year revenue forecast and reporting a first-quarter sales miss. Synaptics and onsemi rose on a revised merger deal.
2. Market backdrop
U.S. stock index futures advanced as Treasury yields retreated, driven by reduced odds of a rate increase this month. Softer oil prices steadied investor sentiment ahead of a closely watched jobs report.
