German construction sector still in recession, civil engineering only bright spot
Investing.com - S&P and Nasdaq futures rose on Friday as increasing signs of a cooling labor market fueled bets that the Federal Reserve will cut interest rates later this month.
Here are some of the biggest premarket U.S. stock movers today:
- Broadcom (NASDAQ:AVGO) shares jumped, driven by the chipmaker’s strong guidance for the current quarter and reports of its partnership with ChatGPT maker OpenAI.
- Lululemon Athletica (NASDAQ:LULU) shares slumped over 18% after the athletic apparel retailer’s profit beat for the second quarter was eclipsed by a full-year guidance cut given weakness in its U.S. business.
- Samsara (NYSE:IOT) reported Thursday upbeat guidance and second-quarter results that beat analyst estimates as the cloud platform continued to win new business amid a surge in AI-related demand.
- Guidewire (NYSE:GWRE) shares advanced after the company provided a first-quarter revenue forecast that surpassed analysts’ estimates.
- Shares in DocuSign (NASDAQ:DOCU) rose after the software name lifted its full-year billings outlook.
- UiPath (NYSE:PATH) shares gained as analysts said guidance from the automation software group appeared to be strong, while its second-quarter results also topped expectations.
- Braze (NASDAQ:BRZE) shares spiked after the cloud software group’s second-quarter revenue blew past projections, with analysts noting that artificial intelligence could be a key driver of the business.
- BioNTech ADRs (NASDAQ:BNTX) rose after the drugmaker said that its experimental therapy for breast cancer had met its primary endpoint in a late-stage trial.