Morning Movers: Johnson & Johnson slips after rejection of Talc case settlement

In the commodities market, golden prices person surged to caller grounds highs arsenic investors question safe-haven assets amid escalating commercialized tensions. Spot golden concisely surpassed $3,170 per ounce, highlighting the prevailing marketplace anxiety. ​Meanwhile, lipid prices person exhibited humble gains.

Investors are intimately monitoring developments related to the “Liberation Day” tariffs, arsenic the deficiency of clarity continues to lend to marketplace volatility.

In pre-market trading, S&P 500 futures fell 0.38%, Nasdaq futures fell 0.35% and Dow futures fell 0.53%.

Check retired this morning’s apical movers from astir Wall Street, compiled by The Fly.

HIGHER –

• XPeng (XPEV) up 3% aft reporting March deliveries of 33,205 Smart EVs

• Nio (NIO) up 1% aft delivering 15,039 vehicles successful March

UP AFTER EARNINGS –

• Evaxion Biotech (EVAX) up 1%

• PVH Corp. (PVH) up 16%

DOWN AFTER EARNINGS –

• Poet Technologies (POET) down 2%

• Ultralife (ULBI) down 1%

LOWER –

• Johnson & Johnson (JNJ) down 4% aft the U.S. Bankruptcy Court for the Southern District of Texas denied the petition by J&J subsidiary Red River Talc to corroborate its projected prepackaged bankruptcy plan

• On Holding (ONON) down 2% aft announcing the departure of co-CEO Marc Maurer

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• Tesla Rival XPeng Sets Record With Over 33K March EV Deliveries

• XPeng reports March deliveries 33,205 units, up 268% y/y

• Tesla Stock (TSLA) Flat Footed arsenic Chinese Investor Says Robots “May Be Good astatine Somersaults” but Will They Make Money?

• XPeng enactment measurement dense and directionally bearish

• Tesla’s (TSLA) European Sales Trail Volkswagen and BMW successful February