TSX lower as gold rally takes a breather
Investing.com - U.S. stock futures searched for direction on Thursday, as investors awaited fresh comments from Federal Reserve Chair Jerome Powell as well as statements from a slate of other officials at the central bank.
Here are some of the biggest premarket U.S. stock movers today:
- PepsiCo reported third-quarter revenue and profit that surpassed market expectations thanks to strong demand for healthier sodas and energy drink options in the United States. Shares of the company were hovering just around the flatline premarket.
- Delta Air Lines said it had averted any significant damage from the shuttering of the U.S. government, even as worries have grown around a batch of flight delays after the furlough of some federal workers. Delta, which also posted all-time high operating revenue buoyed by demand from premium customers and lifted its annual outlook, surged by over 6% before the opening bell.
- U.S.-listed rare earth stocks rose after China announced new restrictions on exports prior to a meeting between President Donald Trump and counterpart Xi Jinping later this month. Critical Metals Corp., MP Materials, and Energy Fuels all added more than 4%.
- Costco gained more than 1% after the members-only warehouse chain posted comparable sales growth that surpassed analysts’ expectations for September, thanks to increased foot traffic and an uptick in the amount of money spent by shoppers.
- Apogee Therapeutics slipped after the Massachusetts-based firm, which focuses on inflammatory and immunology markets, said it had begun offering stock and pre-funded warrants.
- AZZ Inc. slumped following the unveiling of second-quarter sales figures from the metal-finishing services provider which disappointed estimates.