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Investing.com -- U.S. stock futures rose Wednesday, boosted by growing 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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Dell Technologies (NYSE:DELL) stock gained 3.4% after the tech giant issued a higher-than-expected current-quarter revenue and profit outlook, underpinned by soaring demand for its AI servers.
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Nvidia (NASDAQ:NVDA) stock fell 0.6%, likely adding to losses from the prior session, as fresh concerns swirled around the semiconductor giant’s dominance over the artificial intelligence chip market.
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Deere & Company (NYSE:DE) stock fell 5.3% after the agriculture machinery manufacturer reported a lower fourth-quarter profit, weighed down by weak margins from its tractors and combine harvesters.
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HP (NYSE:HPQ) stock slumped 5.2% after the PC and printer maker forecast fiscal 2026 profit below expectations, overshadowing a fourth-quarter revenue beat, and announced plans to cut between 4,000 and 6,000 jobs globally by fiscal 2028.
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Urban Outfitters (NASDAQ:URBN) stock surged 17% after the clothing retailer announced sales for the third quarter increased over 12% to a record $1.53 billion.
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Autodesk (NASDAQ:ADSK) stock jumped 7.5% after the software maker reported strong third-quarter fiscal 2026 results, highlighting an 85% surge in direct sales driven by stronger-than-expected performance in its online store.
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Pagerduty (NYSE:PD) stock fell 5.8% after the digital operations management platform provider reported slowing revenue growth as it continues its transition from a seat-based to a usage-based pricing model.
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Workday (NASDAQ:WDAY) stock slipped 5.8% after the finance and human resources software maker issued disappointing quarterly margin guidance.
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Li Auto (NASDAQ:LI) stock fell 3% after the Chinese automaker posted weaker-than-expected third-quarter earnings and issued a disappointing outlook for the current quarter.