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Palo Alto stock surged on news it will enter the S&P 500 later this month.
David Paul Morris/Bloomberg
U.S. stock futures were mixed early Monday after the
S&P 500
enjoyed its best week since the end of March, helped by the strong May jobs report.
These stocks are moving the most early Monday:
Palo Alto Networks
(ticker: PANW) stock climbed 4.6% ahead of the open on news that it will join the S&P 500 on June 20, as part of the index’s quarterly rebalancing. The cybersecurity company will take the place of
Dish Network
(DISH) in the index, S&P Dow Jones Indices said late Friday. Shares in the television service company fell 3.2% in premarket trading.
C3.ai
(AI) stock fell 3.4%, while
Palantir Technologies
(PLTR) was 0.9% lower as AI-focused companies remained in focus following a recent surge higher.
Caesars Entertainment
(CZR) climbed 4.3% in premarket trading, building on the 7.7% gains it made Friday.
EPAM Systems
(EPAM) slid 12% after the software design company slashed its earnings guidance.
Dollar General
(DG) lost 1.3%. Analysts at Morgan Stanley downgraded the retailer to Equal Weight from Overweight.
Estee Lauder
(EL) slid 0.9%. Oppenheimer analysts cut their rating on the makeup company to Perform from Outperform.
Write to Callum Keown at…
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