As we head into today’s trading session, several U.S. stocks are making notable moves in the pre-market. Here’s a quick look at what’s driving these shifts and what traders should keep an eye on:

Indices Performance:

• S&P 500 (ES): +0.6%
• Nasdaq 100 (NQ): +1.2%
• Russell 2000 (RTY): +0.1%

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Notable Stock Movers:

1. CSX Corporation ($CSX) – Down 4.5%

• CSX missed expectations on both earnings per share (EPS) and revenue. The company also issued cautious guidance, expecting revenue to decline moderately next quarter, mainly due to lower fuel prices and a weaker coal market.

1. Kinder Morgan ($KMI) – Down 1.5%

• Kinder Morgan also fell short on EPS and revenue. The company expects its refined product volumes for the fiscal year to be slightly below its original plan.

1. Alcoa ($AA) – Up 1.5%

• Alcoa had a positive pre-market move after beating expectations on EPS, signaling stronger-than-expected performance for the aluminum giant.

1. Blackstone ($BX) – Up 1.5%

• Blackstone impressed investors with both an EPS beat and a significant increase in assets under management (AUM), pointing to continued growth in the firm’s portfolio.

1. Taiwan Semiconductor Manufacturing ($TSM) – Up 8%

• TSMC is surging after reporting better-than-expected revenue and issuing strong guidance for Q4, highlighting resilience in the semiconductor sector.

1. Travelers Companies ($TRV) – Up 4.5%

• Travelers saw an earnings and revenue beat, with the company maintaining a confident outlook for 2025 and beyond, reassuring investors with its long-term vision.

1. Nokia ($NOK) – Down 5.5%

• Nokia’s Q3 sales fell by 8%, and the CEO warned that full-year profit will likely be in the lower half of its guidance range. Investors reacted negatively to the news.

1. Elevance Health ($ELV) – Up 15%

• Despite missing on EPS and issuing weak guidance, Elevance Health soared after its CEO highlighted “unprecedented challenges” in the Medicaid business, including a drop in Medicare members in 4-star or higher plans for 2025.

1. Expedia ($EXPE) – Up 5.5%

• Reports surfaced that Uber ($UBER) has explored the possibility of bidding for Expedia, which caused a spike in EXPE shares.

1. Uber ($UBER) – Down 2.5%
   • Uber shares fell after a downgrade from Daiwa, despite the recent buzz around a potential bid for Expedia.
2. Lucid Group ($LCID) – Down 19%
   • Lucid is facing a sharp drop after forecasting a bigger-than-expected loss for Q3 and announcing a public offering of over 262 million shares, leading to dilution concerns among investors.

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Key Takeaways:

• Positive Surprises: Alcoa ($AA), Blackstone ($BX), and Travelers ($TRV) are rallying on strong earnings results.
• Concerns in Energy & Industrials: CSX and Kinder Morgan are both down following disappointing earnings and cautious guidance tied to macroeconomic factors like fuel prices and demand.
• Big Moves in Tech: Taiwan Semiconductor ($TSM) is soaring on the back of a solid quarter and bullish future guidance, while Nokia ($NOK) struggles with a drop in sales.
• Lucid’s Struggles: Lucid is one of the biggest losers in pre-market trading due to anticipated higher losses and share dilution concerns.

With these shifts, investors will be closely watching how these trends develop throughout the trading day, especially in response to broader market moves.