US stocks on the move: WhiteHawk, Nvidia, Snowflake
SPY•Wall Street was set to open lower after President Donald Trump rejected an Iranian proposal to end the conflict, pushing crude prices higher and rekindling inflation concerns. Nvidia gained after boosting its buyback by $150 billion, while Snowflake fell on plans for a $3.5 billion, 0% convertible debt sale and WhiteHawk gained after entering a $1.05 million debt facility.
1. Market outlook
Wall Street was set to open lower on Monday after President Donald Trump rejected an Iranian proposal to end the conflict. Crude prices rose, rekindling inflation concerns and driving Treasury yields higher.
2. Company moves
Nvidia gained after boosting its buyback by $150 billion. Snowflake dropped on plans for a $3.5 billion, 0% convertible debt sale, while WhiteHawk Therapeutics gained after entering a $1.05 million debt facility.
3. Other movers
Tesla fell after JPMorgan cut its price target and lowered its third-quarter delivery estimates, and Roblox shares fell 3% after Jefferies downgraded the company to “underperform.” Mirum Pharmaceuticals rose after an FDA nod for a rare bone disorder drug; Kodiak Sciences gained after eye-disease drugs met trial goals, while MediciNova fell after its fatty liver drug missed significance on blood-fat reduction.
