Tesla, Victoria’s Secret, Novavax rise premarket; Chewy, Gitlab fall

Published 11/06/2025, 13:02
© Reuters

Investing.com -- U.S. stock futures slipped lower Wednesday as investors digested the U.S.-China trade framework ahead of the release of crucial U.S. inflation data.

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

  • Tesla (NASDAQ:TSLA) stock rose 2.1% after CEO Elon Musk said that he regretted some social media posts he made last week during a public dispute with U.S. President Donald Trump.

  • Victoria’s Secret (NYSE:VSCO) stock rose 0.4% after the lingerie retailer, reaffirmed its full-year sales guidance and reported better-than-expected first quarter results, even as it revised its adjusted 2025 operating income forecast lower.

  • Chewy (NYSE:CHWY) stock fell 7.5% after the online pet products retailer reported net sales in the first quarter that beat estimates, but net income declined and missed Wall Street expectations.

  • Novavax (NASDAQ:NVAX) stock rose 0.4% after the drugmaker said its experimental COVID-19-influenza combination and standalone influenza vaccines showed strong immune responses in some patients tested in a late-stage study.

  • Microsoft (NASDAQ:MSFT) stock fell 0.2% despite Citi analysts initiating a "positive catalyst watch" on the software giant in a note to clients, telling investors that "Street Azure estimates are too low for FY26."

  • Gitlab (NASDAQ:GTLB) stock fell 12% after the software development platform provider’s conservative guidance sparked concerns about its growth trajectory and profitability.

  • GameStop (NYSE:GME) stock fell 4.8% after the video game retailer reported a decline in first-quarter revenue.

  • Quantum computing companies like Quantum Computing (NASDAQ:QUBT), IONQ (NYSE:IONQ), D Wave Quantum (NYSE:QBTS), Arqit Quantum (NASDAQ:ARQQ) and Rigetti Computing (NASDAQ:RGTI) have all climbed strongly after Nvidia (NASDAQ:NVDA) CEO Jensen Huang reiterated that quantum technology is at an "inflection point."

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