Producer inflation comes in higher than expected. Drone management software developer surges on IPO ↗️ Macy's (M) +8%. The retailer's report exceeded expectations. The 2026 revenue forecast is above estimates despite concerns over tariffs. ↘️ SailPoint (SAIL) −12%. A cybersecurity and identity management software developer. Results matched expectations, but the company issued weak guidance for the current quarter. ↘️ General Mills (GIS) −1%. A global food products manufacturer. Earnings per share came in below consensus, revenue matched expectations but was down 8% year-over-year. The company reaffirmed its full-year guidance: sales are expected to decline by 1.5–2%. ↘️ Lululemon Athletica (LULU) −2%. The Canadian yoga, running, and fitness apparel brand. Earnings per share and revenue were slightly above consensus, but the full-year forecast fell short of expectations. ↗️ DocuSign (DOCU) +1%. The digital signature management platform reported better-than-expected results. ↗️ Swarmer (SWMR) +22%. A developer of drone swarm management software. The company held its IPO yesterday, and shares surged 520% during the day. The rally continues in pre-market trading today. ↗️ Lumentum (LITE) +7%, Coherent (COHR) +4%. The Nvidia GTC conference highlighted the expanded use of optical technologies in AI development. ↗️ Jabil (JBL) +1%. The electronics manufacturer reported better-than-expected results and raised its full-year guidance due to strong demand in the cloud infrastructure and data center markets. Jabil noted the strength of its diverse portfolio and encouraging improvement in regulated industries — the automotive sector and renewable energy performed better than expected. Producer Price Index for February: 🔘Month-over-month: +0.7% (forecast +0.3%, previous +0.5%). 🔘Year-over-year: +3.4% (forecast +2.9%, previous +2.9%). ♦ Core PPI year-over-year: +3.9% (forecast +3.7%, previous +3.6%).