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Investing.com -- U.S. stock futures edged higher Wednesday, with investors awaiting the release of major tech earnings as well as key economic growth data and the latest Federal Reserve policy decision.
Here are some of the biggest premarket U.S. stock movers today:
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Microsoft (NASDAQ:MSFT) stock rose 0.3% ahead of the release of the software giant’s quarterly results, with its artificial intelligence plans set to be under heavy scrutiny.
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Meta Platforms (NASDAQ:META) stock rose 1.1%, with the Facebook parent also set to release results after CEO Mark Zuckerberg has targeted massive spending on AI as a pillar of its future strategy.
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Visa (NYSE:V) stock fell 1.5% after the payments group left its full-year outlook unchanged despite posting better-than-anticipated third-quarter results.
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Starbucks (NASDAQ:SBUX) stock rose 4.6% after the coffee chain reported net revenue for the third quarter that beat expectations, suggesting its turnaround plan was making progress.
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Hershey (NYSE:HSY) stock rose 0.2% after the confectionary giant reported second-quarter earnings that exceeded analyst expectations, but lowered its full-year profit guidance due to tariff expenses.
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Humana (NYSE:HUM) stock climbed 8.1% after the health insurer lifted its annual revenue estimate after its second quarter results topped expectations.
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Etsy (NASDAQ:ETSY) stock rose 5.8% after the online marketplace reported better-than-anticipated second-quarter revenue, citing benefits from more personalized marketing and emerging artificial intelligence technologies.
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VF Corporation (NYSE:VFC) stock soared 17% after the Vans parent beat first-quarter revenue estimates, helped by an uptick in demand for its apparel and footwear products.
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Peloton (NASDAQ:PTON) stock soared 7.3% after UBS upgraded the cycling fitness group to “buy” from “neutral”, citing top line growth and further cost cuts.
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SoFi Technologies (NASDAQ:SOFI) stock fell 8.3% after the personal finance group said it’s selling $1.5 billion of stock, with the proceeds set to support corporate purposes, enhancing financial flexibility.
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Qorvo (NASDAQ:QRVO) stock soared over 9.7% after the provider of connectivity and power solutions reported stronger-than-expected first-quarter earnings and an upbeat forecast.