The US markets are setting the stage for another active trading day with pre-market movements indicating shifts across various sectors. Here’s a breakdown of the major stock movers and the factors driving these changes.

📉 Futures Snapshot

• S&P 500 (ES): -0.2%
• Nasdaq 100 (NQ): -0.5%
• Russell 2000 (RTY): -0.4%

Key Stock Movers

🔻 Adobe ($ADBE): -10.5%

Despite surpassing earnings per share (EPS) and revenue estimates, Adobe’s guidance failed to meet market expectations, triggering a significant sell-off. Investors are focusing on the weaker-than-anticipated outlook as a sign of potential challenges ahead.

🔺 Ciena ($CIEN): +15%

Ciena surged after reporting a revenue beat and providing an upbeat outlook for Q1. The company’s strong top-line projections have fueled optimism among investors.

🔻 Nordson ($NDSN): -7.5%

Disappointing forecasts for the next quarter and FY25 dampened sentiment around Nordson. Lowered guidance signals headwinds for the company, leading to a pre-market drop.

🔻 Oxford Industries ($OXM): -4%

Oxford Industries lowered its FY24 sales and EPS guidance, sparking concerns over weaker growth prospects.

🔺 Warner Bros. Discovery ($WBD): +6%

A new corporate structure, which will divide the company into two major divisions, has energized the market. Investors seem optimistic about the potential for streamlined operations and improved performance.

🔺 Centene ($CNC): +2.5%

Centene provided a better-than-expected profit outlook for 2025, lifting its stock in pre-market trading.

🔻 Keros Therapeutics ($KROS): -73%

Keros Therapeutics took a massive hit after halting 3.0mg and 4.5mg doses of its high blood pressure treatment due to safety concerns. This development raises significant questions about the future of its drug pipeline.

🔺 Kroger ($KR): +2.5%

Kroger reaffirmed its focus on lowering prices for consumers and announced a robust $7.5 billion share buyback program, driving positive sentiment.

🔺 Riot Platforms ($RIOT): +15%

Shares of Riot Platforms soared after Starboard Value took a stake in the company. The move has sparked optimism about strategic improvements and potential growth.

🔻 Hershey ($HSY): -0.5%

Hershey saw a modest decline following a downgrade from Wells Fargo, signaling potential concerns about the confectionery giant’s growth trajectory.

🔺 Celsius Holdings ($CELH): +2%

Celsius Holdings received an “Overweight” rating from JPMorgan, reflecting strong confidence in the company’s future performance.

🔺 Constellation Energy ($CEG): +2.4%

Bank of America upgraded Constellation Energy, citing a positive outlook for the company, which lifted its stock in pre-market activity.

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The pre-market action highlights a mix of sector-specific challenges and opportunities. While tech and healthcare companies like Adobe and Keros Therapeutics face hurdles, others, such as Ciena and Riot Platforms, are riding waves of positive sentiment. As the trading day unfolds, these early movers will undoubtedly be in the spotlight for traders and investors.

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