Freeport-McMoRan stock tumbles after Trump imposes copper tariffs
Investing.com -- U.S. stock futures edged higher Wednesday amid cautious optimism of further trade negotiations, ahead of the release of more widely-watched labor market data.
Here are some of the biggest premarket U.S. stock movers today:
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Hewlett Packard Enterprise (NYSE:HPE) stock jumped 5.8% after the server maker beat second-quarter revenue and profit estimates, driven by demand for its artificial-intelligence servers and hybrid cloud segment.
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CrowdStrike (NASDAQ:CRWD) stock slumped 6.8% after the cybersecurity company reported revenue guidance for the current quarter that fell short of expectations, overshadowing fiscal first-quarter earnings that topped Wall Street estimates.
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Dollar Tree (NASDAQ:DLTR) stock fell 3.1% after the discount retailer declined to lift its full-year guidance, unlike its rival Dollar General (NYSE:DG), despite reporting better-than-anticipated net sales in its fiscal first quarter as cost-conscious customers grappling with tariff-driven uncertainty sought out bargains.
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Apple (NASDAQ:AAPL) stock fell 0.5% after Needham downgraded its stance on the iPhone maker to ‘hold’ from ‘buy’, citing threats to Apple’s near-term revenue and earnings growth.
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Tesla (NASDAQ:TSLA) stock rose 0.6% despite the decline in the U.S. automaker’s China-made electric vehicle sales extending to an eighth month in May, compounded by brutal price wars in the world’s largest auto market.
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Wells Fargo (NYSE:WFC) stock rose 2.6% after the U.S. Federal Reserve lifted a longstanding cap on the lender’s assets, marking a crucial milestone in the bank’s push to rebuild its reputation.
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Globalfoundries (NASDAQ:GFS) stock fell 0.3% after Handelsblatt reported that the chip manufacturer has plans to expand its factory in Dresden, investing over €1 billion in the capital of the Saxon state in the forthcoming years.
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Thor Industries (NYSE:THO) stock rose 11% after the recreational vehicle manufacturer reported better-than-expected fiscal third quarter earnings and revenue.
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Chart Industries (NYSE:GTLS) stock rose 0.1% and Flowserve (NYSE:FLS) stock dropped 2.5% after the Wall Street Journal reported the industrial-process technology firms are on the brink of finalizing an all-stock merger.