Top Stock Movers – September 8, 2025
U.S. stocks edged higher Monday midday as traders looked ahead to a closely watched inflation report later this week. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all gained ground.EchoStar (SATS) was the standout mover, with shares surging after the DISH TV and Boost Mobile parent announced the sale of spectrum licenses to Elon Musk’s SpaceX in a deal valued at about $17 billion. EchoStar said the agreement, along with a separate pact reached last month with AT&T, should ease longstanding disputes with federal regulators over spectrum and satellite rights.
The news rippled across the wireless sector. Shares of Verizon (VZ), T-Mobile (TMUS), SBA Communications (SBAC), and Crown Castle (CCI) all traded lower on concerns about competitive shifts.
Elsewhere, Robinhood Markets (HOOD) and AppLovin (APP) rallied after S&P Dow Jones Indices announced the two companies will join the S&P 500 later this month.
In retail, Canada Goose Holdings (GOOS) climbed after TD Cowen upgraded the stock, citing the brand’s strategy to expand beyond winter outerwear and offer more year-round apparel.
On the downside, Summit Therapeutics (SMMT) plunged after reporting that its experimental lung cancer treatment failed to show the same effectiveness in U.S. and European patients as it did in Chinese trials.
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