U.S. stock futures fell on Wednesday as investors weighed the outcome of the heated showdown between presidential candidates Donald Trump and Kamala Harris and awaited the release of new U.S. inflation data that could weigh on the upcoming monetary policy US Federal Reserve policy.
By 07:53 Greek time (11:53 Greek time), the Dow contract was down 106 points, or 0.3%, the S&P 500 contract was down 5 points, or 0.1%, and the Nasdaq 100 was down 36 points or 0.2%.
Here are some of the biggest moves in US stocks before the market opened:
Shares of GameStop (NYSE:GME) fell more than 9% after the video game retailer said it will issue more stock despite a second-quarter revenue slide. The company, which became known as the hotbed of the “meme-stock” craze at the start of the decade, said it would use the proceeds from issuing up to 20 million new shares to fund “general corporate purposes,” including possible “acquisitions and investments in a manner consistent with our investment policy.”
Shares of Trump Media & Technology (NASDAQ:DJT) fell after the debate between Trump and Harris.
Shares of lithium-related stocks jumped on Wednesday after analysts said Chinese electric vehicle battery maker Contemporary Amperex Technology was considering a possible suspension of operations at its massive shale mine in eastern China. U.S.-listed shares of Arcadium Lithium ( NYSE:ALTM ) , Lithium Americas ( NYSE:LAC ) and Albemarle ( NYSE:ALB ) jumped ahead of the Wall Street open.
Shares of Dave & Buster’s ( NASDAQ:PLAY ) rose after the restaurant group reported better-than-expected second-quarter earnings and delivered a margin result that was praised by analysts.
Shares of payment technology company Cantaloupe’s ( NASDAQ:CTLP ) fell after fiscal fourth-quarter revenue and profit missed estimates.
Designer Brands (NYSE:DBI), the parent company of shoe chain DSW, posted a surprise dive in second-quarter comparable sales, sending shares into a sharp decline.
At Bro In Finance, we are committed to helping traders navigate the complexities of the forex market. Our in-depth analysis, expert insights, and advanced tools empower you to make informed decisions and achieve your trading goals. Whether you’re a beginner or an experienced trader, Bro In Finance is your trusted partner in mastering the forex market. Visit our website for more trading tips and strategies to enhance your trading experience.
Check out our on Best Forex Brokers to know more about this topic
Check out the most crucial steps that you need to take when choosing your forex broker
Have you heard about an amazing Broker Platform called “AVATRADE“? We at Bro In Finance do recommend this amazing broker.
Check out here to figure out the best funded trader program: Which Funded Challenge is Best
Written by D Fernando
