Stock futures rose Thursday after Wall Street rebounded from an early slide Wednesday following a U.S. monthly core inflation reading that rose unexpectedly. Tech stocks led the charge higher, with the tech-heavy Nasdaq Composite gaining 2.2%.
These stocks were poised to make moves Thursday:
NVIDIA Corp was up 0.9% in premarket trading after jumping 8% on Wednesday, the stock's fourth-best percentage gain this year. CEO Jensen Huang on Wednesday discussed the rollout of the company's new Blackwell chip and its customers' return on investment. He said demand was so "great that delivery of our components and our technology and software is really emotional for people."
First Solar was the top performer Wednesday in the S&P 500, rising 15%, and was up slightly 0.1% in premarket trading. Vice President Kamala Harris's perceived win in her debate Tuesday evening with former President Donald Trump gave First Solar and other green-energy stocks a boost.
Oxford, the owner of brands Tommy Bahama and Lilly Pulitzer, reported second-quarter adjusted earnings that missed analysts' estimates and cut its fiscal-year outlook. The company said it expects revenue of between $1.51 billion and $1.54 billion for the year, down from prior guidance of $1.59 billion to $1.63 billion. The stock tumbled 10%.
Boeing was falling 0.2% ahead of a vote Thursday by the aerospace company's workers on a new labor agreement that could boost average pay by roughly one-third over four years. Passage of the deal isn't assured. Boeing and the International Association of Machinists and Aerospace Workers announced a tentative agreement on a new four-year labor deal Sunday.
Earnings reports are expected Thursday from Adobe, Kroger, Restoration Hardware, and Signet Jewelers.
Adobe, the software maker, was up 0.6% ahead of the release of its fiscal third-quarter earnings scheduled for after the closing bell Thursday. Grocery giant Kroger, which will release quarterly earnings before Wall Street opens, rose 0.1% in premarket trading. The company has been fighting in court to defend its $25 billion merger with rival Albertsons.
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