US stock futures traded higher on Thursday, recovering after the previous session’s winning streak snapped.
Here are some of the biggest moves in US stocks before the market today
Shares of Micron (NASDAQ:MU) rose 16% after the chipmaker reported forecasts for the current quarter that were well above analysts’ expectations thanks to growing demand for its memory chips used in artificial intelligence applications.
Shares of Aramark ( NYSE:ARMK ) rose 5.5% after Bloomberg reported that French rival Sodexo ( EPA:EXHO ) is considering a takeover of the caterer.
Shares of Concentrix ( NASDAQ:CNXC ) fell 11% after the business process outsourcing company delivered weak quarterly earnings and guidance.
Shares of HB Fuller (NYSE:FUL) fell 10% after the adhesives maker reported third-quarter earnings that fell short of analysts’ expectations and cut its full-year guidance.
Shares of Accenture (NYSE:ACN) rose 4.3% after the professional services company beat expectations on quarterly profit and revenue, even as it forecast full-year revenue that fell short of Wall Street estimates.
Shares of CarMax (NYSE:KMX) fell 7% after the used-car retailer’s solid second-quarter sales weren’t enough to offset pressures in its auto loan business.
Shares of Southwest Airlines (NYSE:LUV) rose 4.7% after the carrier raised its forecast for revenue per capacity for the current quarter and announced a new $2.5 billion share buyback program.
Shares of GE HealthCare ( NASDAQ:GEHC ) fell 1.6% after UBS cut its stance on the medical technology company to “sell” from “neutral,” saying its valuation is difficult to justify given its lower development perspective.
Shares of Sonos (NASDAQ:SONO) fell 6.3% after Morgan Stanley downgraded its stance on the audio equipment maker to “underweight” from “overweight,” saying the impact of the company’s app redesign is likely greater than the market currently realizes.
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Reference;
Nurse, P. (2024) Micron, Southwest Airlines, Accenture rise premarket; CarMax, Sonos fall By Investing.com, Investing.com. Investing.com. Available at: https://www.investing.com/news/stock-market-news/micron-southwest-airlines-accenture-rise-premarket–carmax-sonos-fall-3633805 (Accessed: 26 September 2024).
