US Stock Futures Decline Ahead of Inflation Data

US stock futures edged lower on Thursday as investors remain cautious ahead of key inflation data release.

Premarket US Stock Movers

• Tesla (NASDAQ:TSLA): Stock rose 1.1% ahead of the Robotaxi Day, seen by Wedbush analysts as a growth milestone in autonomous driving, FSD, and AI.

• Delta Air Lines (NYSE:DAL): Stock dropped 6.2% after disappointing fourth-quarter guidance, attributing slow travel spending to the upcoming U.S. presidential election.

• Apple (NASDAQ:AAPL): Stock decreased by 0.5% as Jefferies reported weak demand for the iPhone 16, predicting a double-digit decline in volume.

• Boeing (NYSE:BA): Stock increased by 0.2%, recovering from a prior drop, but Wells Fargo warns of a potential equity raise due to stalled union talks.

• Domino’s Pizza (NYSE:DPZ): Stock fell 1.3% after reporting lower-than-expected third-quarter same-store sales due to reduced consumer dining out.

• GXO Logistics (NYSE:GXO): Stock surged 8.1% after reports of a potential sale following takeover interest.

• Medtronic (NYSE:MDT): Stock rose 1.1% after RBC Capital Markets upgraded it to ‘outperform’, citing business confidence.

• Lululemon Athletica (NASDAQ:LULU): Stock decreased by 0.2% as CFRA downgraded it to ‘hold’, citing inventory issues for the holiday season.

• CVS Health (NYSE:CVS): Stock increased by 1.3% after Barclays upgraded it to ‘overweight’, expecting a Medicare margin recovery to boost the Aetna unit’s value.

• PayPal (NASDAQ:PYPL): Stock fell 1.6% after Bernstein downgraded it to ‘market perform’ from ‘outperform’, highlighting a rise in valuation.

• PepsiCo (NASDAQ:PEP): Stock declined by 0.5% after TD Cowen downgraded it to ‘hold’, suggesting that aggressive pricing could limit near-term pricing power.