Markets are pointing higher this morning with major U.S. equity futures firmly in the green. The S&P 500 (ES) is up 2.4%, the Nasdaq (NQ) is climbing 2.7%, and the Russell 2000 (RTY) is ahead by 2.4%. Here’s a snapshot of key individual stock movers driving pre-market action:

Tesla (TSLA) +7%
Despite a disappointing earnings report, shares are rallying after Elon Musk signaled a shift away from U.S. government-related commitments, suggesting he will focus more on company operations going forward.

Boeing (BA) +4.5%
Revenue came in above expectations, while losses per share and free cash flow were not as severe as feared. The company reaffirmed plans to increase 737 production to 38 jets per month over the coming months.

AT&T (T) +4%
First-quarter results beat on key metrics, and the company reaffirmed its full-year 2025 financial and operational guidance.

Intel (INTC) +5%
Reports indicate that the company is preparing to announce layoffs affecting more than 20% of its workforce this week.

Bristol Myers Squibb (BMY) -6%
Shares are falling after disappointing Phase 3 trial results from its ARISE study.

GE Vernova (GEV) +7%
The company delivered better-than-expected earnings and revenue, reaffirmed 2025 guidance, and noted it is well-positioned for ongoing macroeconomic challenges.

Boston Scientific (BSX) +8.5%
Strong quarterly performance with both earnings and revenue topping expectations.

Enphase Energy (ENPH) -11.5%
Missed on both earnings and revenue, with a downbeat outlook for Q2 revenues.

Capital One Financial (COF) +3%
Posted better-than-expected earnings.

Philip Morris (PM) +4%
The company topped earnings and revenue forecasts and raised its full-year profit outlook.

Apple (AAPL)
Fined €500 million by EU antitrust regulators for breaching key digital market rules.

Meta Platforms (META)
Hit with a €200 million fine over its “consent or pay” advertising model, which was found in violation of European digital regulations.

U.S.-Listed Chinese Stocks
Names like Alibaba (+3.5%), PDD Holdings (+4%), Baidu (+2%), KWEB ETF (+2.5%), and XPeng (+8%) are gaining following more moderate trade-related remarks from former President Trump concerning China.

Markets appear optimistic heading into the day, buoyed by stronger-than-expected corporate earnings and softening geopolitical rhetoric.