United Homes Group stock plunges after Nikki Haley, directors resign
Investing.com - S&P and Nasdaq futures rose marginally Wednesday, consolidating after the previous session’s weakness in the wake of cautious statements from Federal Reserve Chair Jerome Powell and weaker-than-expected business activity data.
Here are some of the biggest premarket U.S. stock movers today:
- Shares of Micron Technology (NASDAQ:MU) moved higher after the memory chip manufacturer posted a fresh quarter of growth fueled by soaring demand from AI developers.
- Alibaba (NYSE:BABA) is also likely to be in the spotlight after the Chinese e-commerce giant unveiled its most powerful AI model to date, called Qwen3-Max, and vowed to increase investment in the infrastructure underpinning the nascent technology. American depositary receipts of Alibaba jumped by over 9% prior to the opening bell.
- Adobe (NASDAQ:ADBE) shares edged down after analysts at Morgan Stanley downgraded their rating of the software firm to "equal-weight" from "overweight," citing slowing digital media annual recurring revenue.
- Lithium Americas (NYSE:LAC) shares spiked by more than 69% on media reports that the U.S. is looking to take an equity stake in the group as part of its renegotiated terms for a $2.3 billion government loan.
- U.S.-listed shares of James Hardie (NYSE:JHX) fell, with analysts at Citi flagging reported materials incentives and targets that are materially different to consensus forecasts.
- Amazon.com (NASDAQ:AMZN) shares inched higher after analysts at Wells Fargo, fueled by optimism over the e-commerce titan’s key web services division, upgraded their outlook to "overweight" to "equal-weight."
- PayPal (NASDAQ:PYPL) shares ticked higher after the payments group said alternative asset manager Blue Owl will purchase roughly $7 billion in soc-alled "buy now, pay later" loans over the next two years. PayPal noted that the transaction was already factored into its third-quarter and full-year outlook.
- KBR (NYSE:KBR) shares rose marginally after the engineering contractor said it is pursuing a tax-free spin-off of its mission technology solutions division, with the move anticipated to take place in mid- to late-2026.
- RV maker Thor Industries (NYSE:THO) posted solid fiscal fourth-quarter earnings, fueled in part by strong sales in North America and cost control measures. Shares jumped by more than 6%.