First Brands Group debt targeted by Apollo Global Management - report
Investing.com -- U.S. stock futures edged lower Friday, in subdued after Wall Street’s main averages logged steep gains in the prior session on economic data which cemented expectations for a Federal Reserve interest rate cut next week.
Here are some of the biggest premarket U.S. stock movers today:
-
Adobe Systems (NASDAQ:ADBE) stock rose 3.4% after the software tools provider raised its annual financial forecasts, citing solid demand for its artificial intelligence-enhanced design software tools.
-
RH (NYSE:RH) stock slumped 8.3% after the luxury furniture maker reported a quarterly revenue miss, with Chief Executive Gary Friedman saying that “significant inflation” will emerge this year “and accelerate into 2026 and beyond” as the furniture industry reels from tariffs.
-
Super Micro Computer (NASDAQ:SMCI) stock rose 6.5% after the AI tech firm announced it has begun volume shipments of its Nvidia Blackwell Ultra solutions to customers worldwide.
-
Microsoft (NASDAQ:MSFT) stock rose 1% after the software giant and OpenAI said they had reached a non-binding agreement over the AI start-up’s plans to transition to a for-profit organization.
-
Warner Bros Discovery (NASDAQ:WBD) stock gained 7.7%, extending Thursday’s over 28% gains following a report that indicated Paramount Skydance was preparing a bid for the Hollywood studio.
-
Applied Materials (NASDAQ:AMAT) stock fell 1.1% after Mizuho downgraded the tech company to “neutral” from “outperform”, citing intensifying competition in China and technology transitions that could erode the company’s market share.