Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
Investing.com -- U.S. stock futures slipped slightly lower Wednesday, as investors digested quarterly results from the retail sector ahead of the release of minutes from the last Federal Reserve meeting.
Here are some of the biggest premarket U.S. stock movers today:
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Target (NYSE:TGT) stock slumped 10% after the discounter appointed Michael Fiddelke, the company’s current Chief Operating Officer, to succeed Brian Cornell as CEO, the first change since 2014, while showing continuing sales challenges.
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Estee Lauder (NYSE:EL) stock fell 7.6% after the cosmetics giant forecast annual profit below Wall Street expectations, citing ongoing weakness in demand in the U.S. and China as well as tariff uncertainty.
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Lowe’s (NYSE:LOW) stock rose 3.1% after the retailer beat earnings expectations, and revised its full-year outlook, as demand for home projects picked up during the quarter.
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TJX (NYSE:TJX) stock rose 3.6% after the retailer reported second-quarter comparable sales that beat expectations, while also lifting full-year guidance.
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Snowflake (NYSE:SNOW) stock rose 2.4% after Bank of America upgraded its stance on the cloud-based data storage company to ‘buy’ from ‘neutral’, expecting the second-quarter earnings to be a catalyst.
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Baidu (NASDAQ:BIDU) stock fell 1% after the Chinese search engine giant reported a drop in second quarter revenue as its core advertising business struggled amid China’s economic slowdown, offsetting strong growth in cloud services.
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Futu Holdings (NASDAQ:FUTU) stock gained 3.8% after the tech-focused online trading platform posted net income that more than doubled in the second quarter.
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Hertz (NASDAQ:HTZ) stock soared 7.7%, while online used-car retailer Carvana (NYSE:CVNA) dropped 4%, following news that the car rental giant will begin selling its pre-owned vehicles through Amazon’s online auto marketplace.
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Analog Devices (NASDAQ:ADI) stock rose 3.6% after the semiconductor company reported third-quarter earnings and revenue that exceeded expectations, while also providing an upbeat outlook for the current quarter.