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Palo Alto stock jumped on news of its entry into the S&P 500 later this month.
David Paul Morris/Bloomberg
U.S. equity futures were mixed early Monday after the
S&P500
had its best week since the end of March, helped by the strong jobs report in May.
These stocks move earliest on Monday:
Palo Alto Networks
(Ticker: PANW) The stock climbed 4.6% ahead of the opening of the announcement that it will join the S&P 500 on June 20, as part of the index’s quarterly rebalancing. The cybersecurity company will take the place of
Dish Network
(DISH) in the index, the S&P Dow Jones Indices said Friday evening. Shares of the television service company fell 3.2% in premarket trading.
C3.ai
(AI) fell 3.4%, while
Palantir Technologies
(PLTR) was down 0.9% as AI-focused companies remained in focus after a recent surge higher.
Entertainment Caesars
(CZR) climbed 4.3% in premarket trading, building on the 7.7% gain it posted on Friday.
EPAM systems
(EPAM) fell 12% after the software design company cut its profit forecast.
General dollar
(DG) lost 1.3%. Morgan Stanley analysts downgraded the retailer to Equal Weight from Overweight.
Estee Lauder
(EL) slipped 0.9%. Oppenheimer analysts lowered their rating on the makeup company from Perform to Outperform.
Write to Callum Keown at callum.keown@barrons.com