Biggest stock movers Thursday: INTC, RUM, SPRO and more
Complete. Here is the key summaryStock futures rose modestly as the Fed signaled potential year-end rate hikes. Key movers included Rumble (+17%) after acquiring Northern Data AG, Smith & Wesson (+14%) on strong Q4 results, Spero Therapeutics (+11%) following FDA approval of Utebzi, and Intel (+9%) due to Trump's announcement of Apple chip production in the US. Conversely, Legend Biotech (-8%) fell after pricing a $226M equity offering, and Steel Dynamics (-3%) dropped on lowered Q2 earnings guidance.
Stock futures rose modestly in early trading on Thursday after the Federal Reserve indicated it could still raise interest rates before year-end. Here are some of Thursday's biggest stock movers: Biggest stock gainers Rumble (RUM) +17% - Shares climbed after the company introduced a new business unit and legal name for the company following the clo...