Salesforce, Five Below, Nvidia and Dollar General rise premarket; Snowflake falls

Investing.com -- U.S. stock futures edged higher Thursday ahead of the release of more labor market economic data, with the Federal Reserve widely expected to cut interest rates next week.

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

• Salesforce (NYSE:CRM) stock gained 1.7% after the software company lifted its fiscal 2026 revenue and adjusted income guidance, with the upbeat outlook helped by projections for strong growth in demand for the group’s AI-enhanced agent platform.

• Five Below (NASDAQ:FIVE) stock surged 4.2% after the value retailer reported third-quarter earnings that significantly beat analyst expectations, driven by robust comparable sales growth and successful store expansion.

• Nvidia (NASDAQ:NVDA) stock rose 0.4% after Raymond James reported that the odds the chipmaker will be allowed to send some of its cutting-edge artificial intelligence chips to China have "meaningfully increased."

• Dollar General (NYSE:DG) stock rose 2.3% after the cut-price retailer lifted its annual profit forecast, banking on resilient demand at its discount stores, as well as its efforts to cut costs and reduce inventory-related damages.

• Snowflake (NYSE:SNOW) stock slumped 8.6% after the cloud-based data storage stock provided a slightly disappointing outlook for its product revenue growth for the January quarter.

• Meta Platforms (NASDAQ:META) stock rose 0.8% after the European Commission opened a new antitrust investigation into the tech giant over its rollout of artificial intelligence features in WhatsApp, reflecting rising scrutiny of Big Tech’s use of generative AI.

• Hormel Foods (NYSE:HRL) stock gained 7.9% after the food producer issued an optimistic fiscal 2026 outlook that overshadowed a challenging fourth quarter marked by significant impairment charges.

• PayPal (NASDAQ:PYPL) stock fell 1.1% after JP Morgan lowered its rating on the payments giant to "neutral" from "overweight.”