Investing.com - Financial Markets Worldwide

Macy’s, Marvell and MongoDB fall premarket; Wendy’s, Burlington rise,

AuthorPeter Nurse
Published 06/03/2025, 14:18
© Reuters
MRVL
0.23%
M
2.99%
TSLA
3.52%
WEN
0.84%
BURL
0.94%
JD
-0.87%
BABA
-0.92%
MDB
2.64%
ZS
0.66%

Investing.com -- US stock futures fell Thursday, handing back the previous session’s gains amid trade tariff uncertainty ahead of key unemployment data.

Here are some of the biggest premarket US stock movers today:

  • Macy’s (NYSE:M) stock fell 3.5% after the department-store chain forecast annual sales and profit below expectations, worried that shoppers were holding off buying apparel and accessories in the face of economic uncertainty.

  • Marvell (NASDAQ:MRVL) stock fell 17% after the chipmaker’s quarterly results failed to excite investors hoping for strong artificial intelligence-driven growth.

  • Burlington (NYSE:BURL) stock soared 12% after the cut-price department store reported better-than-anticipated fourth-quarter income, helping to offset concerns over an "uncertain" outlook for 2025.

  • Wendy’s (NASDAQ:WEN) stock rose 1% after the restaurant chain reaffirmed its full-year adjusted earnings per share forecast and introduced long-term financial targets along with growth projections for 2028.

  • MongoDB (NASDAQ:MDB) stock fell 18% after the database software maker delivered fiscal year 2026 revenue and operating margin guidance well below expectations.

  • Alibaba (NYSE:BABA) ADRs surged 1.9% after the Chinese conglomerate said the release of a new reasoning model was on par with global hit DeepSeek’s R1.

  • Tesla (NASDAQ:TSLA) stock fell 2.8% after the brokerage Baird named the electric carmaker a ’bearish fresh pick’, citing “near-term headwinds” related to production challenges and demand uncertainty.

  • Zscaler (NASDAQ:ZS) stock rose 3.6% after the IT security company raised its fiscal 2025 revenue forecast, signaling increasing demand for its cloud-based cybersecurity services.

  • JD.com (NASDAQ:JD) ADRs rose 5.3% after the Chinese e-commerce giant exceeded expectations for quarterly revenue.

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