S&P 500 slips as Fed meeting kicks off
Investing.com -- U.S. stock futures traded marginally higher Tuesday, edging higher ahead of the start of the latest two-day Federal Reserve policy meeting as well as the release of retail sales data.
Here are some of the biggest premarket U.S. stock movers today:
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Oracle (NYSE:ORCL) stock rose 5.3% after CBS News reported that the cloud computing giant is among a consortium of firms that would enable TikTok to continue operations in the U.S. if a Sino-U.S. framework deal was reached.
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Ford (NYSE:F) stock rose 0.2% after the U.S. auto giant announced plans to cut up to 1,000 jobs in electric car production in the German city of Cologne due to weak demand.
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Alphabet (NASDAQ:GOOGL) stock rose 0.9% after the tech giant’s Google unit said it would make £5 billion ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump’s state visit to the country.
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Novo Nordisk (CSE:NOVOb) stock rose 3% after new research shows the drugmaker’s weight-loss drug Wegovy can help patients reduce constant thoughts about food, a finding that could broaden the drug’s appeal beyond weight management.
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Eli Lilly (NYSE:LLY) stock rose 0.1% after indications that the drugmaker’s experimental weight-loss pill could be fast-tracked under a one- to two-month review process recently launched by the U.S. Food and Drug Administration.
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Dave & Buster’s Entertainment (NASDAQ:PLAY) stock slumped 15% after the chain of restaurants and arcades posted disappointing second-quarter revenue and profit.
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Chipotle Mexican Grill (NYSE:CMG) stock rose 1.7% following the fast-casual restaurant chain’s announcement of an additional $500 million authorization for its share repurchase program.
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Rocket Lab (NASDAQ:RKLB) stock fell 3.5% after the aerospace manufacturer announced it had entered into a stock purchase agreement worth up to $750 million.
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Oscar Health (NYSE:OSCR) stock dropped 4.6% after the health insurer announced a $350 million private offering of senior convertible notes.
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Warner Bros Discovery (NASDAQ:WBD) stock fell 1.3% after TD Cowen downgraded its stance on the entertainment giant to “hold” from “buy”, saying the stock’s sharp rally on takeover speculation has pushed it well beyond fair value.