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.
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Written by D Fernando
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