Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Investing.com -- US stock futures edged higher Wednesday, with investors awaiting the conclusion of the latest Federal Reserve meeting.
Here are some of the biggest premarket US stock movers today:
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Tesla (NASDAQ:TSLA) stock rose 2.7% after the EV manufacturer took a step toward launching its long-promised robotaxi service in California, securing the first of several necessary approvals.
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Morgan Stanley (NYSE:MS) stock rose 0.2% after Bloomberg reported that the investment bank is likely to cut around 2,000 employees later this month, as it looks to cut costs.
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Nvidia (NASDAQ:NVDA) stock rose 1.1% in the wake of the chipmaker announcing at its annual GTC conference new chips for the building and deploying of AI models.
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General Mills (NYSE:GIS) stock fell 3.9% after the food manufacturer forecast a sharp decline in annual sales and profit, hit by increased competition from cheaper private label brands.
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Goldman Sachs (NYSE:GS) stock fell 0.6% after Oppenheimer downgraded its stance on the investment bank to ‘perform’ from ‘outperform’, citing the lack of a clear rebound in merger and acquisition activity.
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Ollie’s Bargain Outlet (NASDAQ:OLLI) stock rose 4.5% after the retailer reported fourth-quarter earnings that met expectations.
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Gilead Sciences (NASDAQ:GILD) stock fell 2.7% after the Wall Street Journal reported that the Health and Human Services Department is considering plans to significantly cut the federal government’s funding for domestic HIV prevention, potentially impacting the pharmaceutical company’s business.
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Healthequity (NASDAQ:HQY) stock slumped 14% after the administrator of health savings accounts reported weaker than expected fourth-quarter earnings.