U.S. stocks on the move: SpaceX, Humana, Crescent Energy
SPY•U.S. stock indexes were set for a higher open as oil prices retreated, while SpaceX’s spectrum acquisition raised competitive concerns for telecom shares; the roundup also noted moves in Humana and Crescent Energy.
1. Market and stock moves
U.S. stock indexes were set for a higher open on Friday as oil prices retreated on easing Middle East supply concerns. Telecom shares remained under pressure after SpaceX’s spectrum acquisition raised competitive concerns across the sector. Humana rose on higher Medicare Advantage ratings, while Crescent Energy fell on a $1 billion equity raise for its Devon deal.
