US Premarket Movers: FedEx, Planet Labs, Super Micro, York Space

Article content(Bloomberg) — S&P 500 Index futures are down 0.5% as of 7:50 a.m. in New York. Iran pressed ahead with attacks on Gulf Arab states even after Israel signaled it would stop targeting the Islamic Republic’s energy infrastructure.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentNasdaq 100 futures decline 0.7%Dow Jones Industrial Average futures are down 0.3%The MSCI World Index is up 0.1%Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentHere are some of the biggest US movers before the bell:Article contentMagnificent Seven stocks: Alphabet (GOOGL) -0.7%, Amazon (AMZN) -0.6%, Tesla (TSLA) -0.4%, Nvidia (NVDA) -0.5%, Meta Platforms (META) -0.4%, Microsoft (MSFT) -0.5%, Apple (AAPL) -0.4%FedEx (FDX) climbs 7% after raising its full-year profit forecast, signaling that the courier’s plan to restructure its delivery network is gaining traction despite geopolitical conflict and economic volatility.Figs Inc. (FIGS) rises 6% after Oppenheimer upgraded the seller of medical scrubs to outperform, saying a sustained recovery is underway.Firefly Aerospace (FLY) gains 7% after the spacecraft maker reported revenue for the fourth quarter that beat the average analyst estimatePlanet Labs (PL) gains 14% after the satellite imaging firm reported revenue for the fourth quarter that beat the average analyst estimate.Rhythm Pharmaceuticals (RYTM) rises 6% after the drugmaker said it received expanded indication approval from the FDA for its drug Imcivree (setmelanotide) to treat patients four years and older with acquired hypothalamic obesity.Super Micro Computer Inc. (SMCI) tumbles 26% after the US charged a co-founder with illegally diverting billions of dollars in Nvidia Corp.-powered servers to China.York Space Systems (YSS) rises 9% after the space and defense company gave revenue guidance in its first report as a public company that JPMorgan called “solid.” The firm also saw revenue grow and its losses narrow in the fourth quarter.Article contentArticle contentShare this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.