Key insights
- Nike shares tumbled nearly 10% premarket after reporting mixed Q1 2027 results and a weak full-year outlook. Synaptics surged 13.8% as its merger agreement with onsemi was amended to an all-cash deal valued at $5.7 billion. ON Semiconductor rose 6.5% on the news. Moderna gained 2.2% ahead of its inclusion
Investing.com - U.S. stock index futures rose on Friday, as investors prepared for the release of key payrolls data that could offer fresh insight into the health of the economy and the outlook for interest rates.
By 05:47 ET, Dow futures had risen 220 points, or 0.4%, S&P 500 futures had climbed 34 points, or 0.5%, and Nasdaq 100 futures had advanced 238 points, or 0.7%.
Here are some of the biggest premarket U.S. stock movers today:
Nike tumbled 9.6% in premarket trading to $31.79 after the athletic footwear and apparel giant reported mixed fiscal first-quarter 2027 results and issued a weaker-than-expected full-year outlook.
Nike reported adjusted earnings of 48 cents per share, topping the 44-cent consensus estimate, but revenue of $11.21 billion missed expectations of $11.35 billion and declined 5% on a currency-neutral basis from a year earlier. The weak full-year outlook overshadowed the earnings beat and sent shares sharply lower.
Synaptics surged 13.8% in premarket trading after onsemi and Synaptics amended their merger agreement, converting the transaction from an all-stock deal into an all-cash acquisition at $123 per share.
The revised terms value Synaptics at about $5.7 billion. The change followed an unsolicited, non-binding proposal from an unnamed strategic party received by Synaptics on Sept. 2, prompting the two companies to renegotiate the deal structure and consideration.
ON Semiconductor rose 6.5% in premarket trading.
Moderna rose 2.2% in premarket trading to $193.15 after Nasdaq confirmed that the biotechnology company will be added to the Nasdaq-100 Index effective Oct. 9.
Moderna will replace Warner Bros. Discovery in the closely followed index. The inclusion is expected to create mechanical demand for the shares from funds and other investment products that track the Nasdaq-100.
Fair Isaac fell 6.9% in premarket trading after Bloomberg reported that the Federal Housing Finance Agency is planning to require lenders to use credit data from only two of the three major credit bureaus for mortgages sold to Fannie Mae and Freddie Mac.
The report also weighed on the credit-reporting companies. Equifax fell 3.4% before the open, while TransUnion (NYSE: TRU) dropped 2.4%.
MicroStrategy rose 2.7% in premarket trading after Citi raised its price target on the bitcoin-focused company to $240 from $136.
Citi’s revised target assumes roughly 34% of the potential upside comes from a higher bitcoin price over the next 12 months, while another 16% comes from an expansion in the company’s multiple net asset value relative to current levels.
Better Home & Finance rose 4.8% in premarket trading after founder Vishal Garg and his group said they had secured written consents representing more than 51% of the company’s voting shares.
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