U.S. stock futures and longer-term Treasury yields dipped back into the red following the narrow passage of President Donald Trump’s landmark tax reform bill in the House of Representatives. While the legislative victory marked a major political milestone, markets appeared to price in the uncertainty around its broader economic impact.

Here’s a look at some of the key movers making headlines:

---

Advance Auto Parts Races Ahead

Advance Auto Parts shares skyrocketed more than 30% after the company reported a much narrower-than-expected loss for the first quarter. The auto parts retailer posted an adjusted loss of $0.22 per share, beating analysts’ expectations of an $0.82 per share loss, according to LSEG. Revenue came in at $2.58 billion, also topping the consensus estimate of $2.50 billion.

---

Nike Rejoins Amazon, Stock Inches Up

Nike saw a modest 1% gain after announcing it will resume sales on Amazon, marking a strategic shift from its 2019 decision to stop direct sales through the platform. Previously considered a “gated” brand with restricted access, Nike’s return to Amazon signals an effort to boost distribution. The company also revealed plans to increase prices on select products.

---

Health Insurance Stocks Under Pressure

Shares of major health insurers tumbled after the Centers for Medicare & Medicaid Services (CMS) announced an aggressive expansion of audits under the Medicare Advantage program.

• Humana led the declines, falling over 6%.
• CVS Health dropped nearly 4%.
• UnitedHealth Group slid more than 3%.

Investors are concerned the increased scrutiny could impact profitability across the sector.

---

Analog Devices Surpasses Q2 Expectations

Analog Devices rose 3% after the semiconductor maker delivered better-than-expected results for its fiscal second quarter. The company reported adjusted earnings of $1.85 per share on $2.64 billion in revenue, outperforming FactSet projections of $1.70 EPS and $2.51 billion in revenue.

---

Lumen Technologies Jumps on $5.75 Billion Deal with AT&T

Lumen Technologies surged 9% following news that AT&T will acquire most of Lumen’s mass markets fiber internet business in a deal valued at $5.75 billion. The transaction is expected to close in the first half of 2026. Meanwhile, AT&T’s stock remained largely unchanged.