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Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Let's take a look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg's Dan Curtis, starting off with the first time I've ever been able to say this in a stockmover's report, Dan, the most actively traded stock in the pre market is SpaceX. Good morning, Good.
Morning, that's right, SpaceX. It's rising again. Shares are up a five percent at about one hundred and sixty nine dollars in the pre market. That's after, of course Friday's debut on the exchange, with those shares taking off, searching twenty percent to close out one hundred and about sixty one dollars a share. And there's been a lot of there's a lot of concern over how well the market would receive the largest IPO ever, and it's quite well based on those shares. It also put you know, Elon
Musk is the first trillionaire ever. There's that as well. So this is day two. Enthusiasm is still there, but we're keeping our eyes on a few more things, primarily when this will start getting included in indexes. So MSCI said that it's indexes will include SpaceX Star in June twenty nine. Foot seat Russell Nasdak haven't said exactly when, but they did create expedite rules to get SpaceX in.
So the next big driver that I'm keeping my eyes out on my eyes out for is when this will actually start going into the indexes where you get more passive money chasing the stock.
And con its heals. This morning, Paramount sky Dance still getting quite a pop after the Justice Department clear the Warner Brothers steal.
Another five percent move here under PSKY for Paramount sky Dance. And as you said, the US Justice Department closed an anti trust probe into the purchase of Warner Brothers. It ruled the deal is quote not likely to hurt consumers or competition. The deal would join two movie studios, two major news networks with CNN and CBS, wells two streaming services with HBO and Paramount Plus. And of course it's
a little bit of weekend news. The UFC fight at the White House for Donald Trump's birthday was streamed over Paramount Plus. So maybe part of this is off the back of that. That said, there's still a group of state attorneys generals that are being led by California in probing the transaction, and Bloomberg previously reported these states are
preparing to sue to block the merger. So there's a little bit of federal clearance, but some state lead, some state led suit might be coming up at some point.
Now.
The broader market is moving higher this morning on the US Iran interim deal, but oil stocks they are not participating.
That's right. So we have Exon and Chevron both down two and a half percent in pre market. That's with WTI crewed down five percent, So that's right. The conflict in Iran has been weighing, has been pushing crew to up. That's been helping out these energy stocks that very much on the back foot today. Energies has been the best performing group in the S and P five hundred rose early in the year on the Halo trade and then
kind of on this political situation Interan. Now that's coming off, so we're keeping our eyes very closely on this.
And we're seeing a pretty nice pop in semiconductor stocks as well this morning.
Dan, this is the other side of that Horror Moves coin. So we have shares like sand Disc up five percent, Micron up nearly eight percent in pre market. They are continuing higher with risk on in the market. Sand Disc ended at a record high on Friday, news of the deal coming through, and about a third of the world's helium comes through the strait of her moves. That is crucial for manufacturing advanced AI chips. Now that looks like supply might be coming back online, we're seeing the AI
trade continue higher. Sand Disk set to hit another record high, Micron really close to these stocks have just taken off this year.
This Stock Movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.