U is trading at $24.30 (+4.7%) in pre-market as it rebounds from a previous drop amid broader market strength.
- The stock is recovering from a -6.94% decline to $23.21 on February 5, despite no company-specific news or announcements.
- Broader indices are trending higher, with S&P 500 futures up 0.40% and Nasdaq-100 futures up 0.52%.
- Market sentiment is bolstered by increased rate-cut expectations following the release of weak labor data.