Bullish indicating open at $55-$60, IPO prices at $37
Investing.com -- U.S. stock futures rose Wednesday, adding to recent gains on raised expectations that the Federal Reserve will cut interest rates next month.
Here are some of the biggest premarket U.S. stock movers today:
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Cisco Systems (NASDAQ:CSCO) stock rose 0.3% ahead of the tech company’s latest quarterly earnings, which are expected to be positive thanks partially to "general strength" in its firewalls business and cybersecurity subscribers.
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Alphabet (NASDAQ:GOOGL) stock rose 0.2% after Perplexity AI put forward a $34.5 billion unsolicited all-cash offer to buy Google’s Chrome brower, marking a push by the startup to harness the data needed to train its AI model from the service’s billions of users.
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Cava Group (NYSE:CAVA) stock slumped 24% after the Mediterranean food chain reported lower-than-expected second-quarter revenue driven by weak same-store sales growth. The company also lowered its full-year forecast for same-store sales.
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CoreWeave (NASDAQ:CRWV) stock fell 8.9% after the AI data center operator reported a bigger-than-expected net loss.
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Brinker International (NYSE:EAT) stock rose 10% after the restaurant operator reported better-than-expected fourth quarter fiscal 2025 results,
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Circle Internet (NYSE:CRCL) stock fell 2.2% after the stablecoin issuer said it will offer 10 million Class A shares to the public, 2 million of which will be offered by the company.
- Venture Global (NYSE:VG) stock rose 12% after the LMG provider prevailed over oil giant Shell in an arbitration case over the sale of cargoes from its first export plant.
- Sailpoint (NASDAQ:SAIL) stock rose 6.2% after JPMorgan upgraded its stance on the software company to "overweight" from "neutral", citing an opportunity to own "a best-of-breed leader" at a cheap price.