Nvidia, Accenture and KB Home rise premarket; Trump Media. Winnebago fall

Published 20/06/2024, 12:54
© Reuters

Investing.com -- U.S. stock futures rose Thursday, boosted by strength in the tech sector ahead of the release of employment and housing data.

Here are some of the biggest premarket U.S. stock movers today:

  • Nvidia (NASDAQ:NVDA) stock rose 3.2%, adding to the previous session’s gains which resulted in the chipmaker becoming the most valuable company in the world.

  • Trump Media & Technology Group (NASDAQ:DJT) stock fell over 11% after the SEC allowed investors in the firm’s derivatives, known as warrants, to swap their holdings for shares in the company which can dilute long-time investors.

  • Accenture (NYSE:ACN) stock rose 7.2% after the IT services provider forecast annual revenue growth above estimates, as growing adoption of artificial intelligence offsets sluggish growth in enterprise spending.

  • Honeywell (NASDAQ:HON) stock fell 0.9% after the conglomerate agreed to buy aerospace and defense technology company CAES Systems for $1.9 billion from private equity firm Advent International.

  • Hewlett Packard Enterprise (NYSE:HPE) was up 2.2% after Britain's competition regulator announced it was investigating whether the company's planned $14 billion acquisition of Juniper Networks (NYSE:JNPR), up 1.3%, would result in competition concerns.

  • Dell Technologies (NYSE:DELL) stock climbed 3.2% and Super Micro Computer (NASDAQ:SMCI) rose 4.6% after Elon Musk said on social media platform X that these companies would provide server racks for the supercomputer that his startup xAI is building.

  • Winnebago (NYSE:WGO) stock fell 5.6% after the recreational vehicle maker’s fiscal third-quarter earnings disappointed, with elevated interest rates deterring buyers.

  • KB Home (NYSE:KBH) stock rose 1.9% after the home construction company reported a robust second quarter, with net orders and order value growing year-over-year.

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