US stocks on the move: Rezolute, Palo Alto Networks, Newsmax
SPY•US indexes were on course for a higher open after October producer prices came in slightly softer than expected. Rezolute rose after its hypoglycemia drug met a trial goal, Palo Alto Networks gained on a KeyBanc upgrade, and Newsmax rose on a surprise third-quarter profit.
1. Stocks move higher
The main US stock indexes were on course for a higher open after data showed October producer prices were slightly softer than expected, potentially relieving some pressure on the Federal Reserve to hike interest rates aggressively.
2. Company movers
Rezolute rose after its hypoglycemia drug met a trial goal. Palo Alto Networks gained on a KeyBanc upgrade, while Newsmax rose on a surprise third-quarter profit. Other moves included Cerebras Systems, which lifted its annual revenue forecast, and Microsoft, whose shares fell as an outage stretched past 12 hours.
