SK Hynix and Intel shares each rose more than 2.5% premarket after a Reuters report said the chipmakers were discussing a plan for SK Hynix to manufacture memory chips in the U.S. for the first time. SK Hynix later said no decisions had been made about a partnership with Intel. J.B. Hunt Transport Services dropped more than 11% after warning that third-quarter earnings may fall 5% to 10% from the previous three-month period, citing internal adjustments related to higher purchase-transportation rates. Expedia declined more than 2.5% after Morgan Stanley downgraded the stock to underweight, citing a weak risk-reward profile and greater exposure to a potentially weaker consumer. Energy shares moved lower after U.S. oil prices fell 2% following a report that inventories increased last week. Diamondback Energy fell almost 4%, Occidental Petroleum lost 1%, and ExxonMobil and Devon Energy each declined almost 1%. Paychex gained more than 1% after Wolfe Research upgraded the stock to peer perform, saying the macroeconomic environment supports its revenue-growth forecast and its concentration among blue-collar workers offers protection from AI-related job losses. Union Pacific rose 1.5% after UBS upgraded the freight carrier to buy, with analysts forecasting strong volume growth and better-than-expected earnings through 2028.