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US PRE-MARKET MOVERS: MU, BABA, ALGN, RIVN, FIVE, ACN

SourceNewsquawk
SectionUS Equities

ES -0.6% NQ -0.7% RTY -1.0%

  • MU -5.6%: Concerns over peak GM from capex outweigh earnings beat.
  • BABA -5.0%: Profit and rev. missed.
  • ALGN +6.1%: Elliott Investment Management takes a significant stake.
  • RIVN +9.1%: Partnered with UBER on Robotaxis; UBER to invest $1.25B in RIVN.
  • FIVE +6.3%: Q metrics & guidance beat.
  • ACN -4.5%: FY profit outlook missed..
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