US Stock Futures Slip Ahead of Federal Reserve Minutes

US stock futures edged lower on Wednesday as investors remained cautious before the release of minutes from the last Federal Reserve meeting.

Premarket US Stock Movers

• Alphabet (NASDAQ:GOOGL) fell 0.9% as the Department of Justice considers sanctions, including a potential break-up of Google, due to a recent antitrust ruling.

• Arcadium Lithium (NYSE:ALTM) surged 30% after Rio Tinto (NYSE:RIO) agreed to acquire it in a $6.7 billion all-cash deal, indicating a 90% premium to Arcadium's October 4 closing price.

• Alibaba (NYSE:BABA) decreased 3%, PDD Holdings (NASDAQ:PDD) dropped 3.6%, and JD (NASDAQ:JD) fell 4.2%, as U.S.-listed Chinese stocks declined for the second consecutive day without new stimulus measures.

• Boeing (NYSE:BA) declined 1.3% after withdrawing an offer to the machinists' union, pausing negotiations after a month-long strike.

• Hewlett Packard Enterprise (NYSE:HPE) slipped 0.2% after Deutsche Bank started coverage with a ‘hold’ rating, noting potential upside but existing execution risks.

• Gitlab (NASDAQ:GTLB) increased 4.4% following Morgan Stanley's initiation of coverage with an ‘overweight’ rating, positioning it as the next significant enterprise platform story.

• WW International (NASDAQ:WW) skyrocketed 46% after announcing its entry into the compounded GLP-1 market, aiming to revitalize growth in the weight-loss sector.