U.S. Stock Futures Rise

U.S. stock futures rose Friday, ending the week on a positive note ahead of key inflation data release.

Notable Premarket U.S. Stock Movers

• Dell (NYSE: DELL): Stock rose 4.5% after reporting second-quarter results that topped estimates, leading to a raised annual earnings forecast thanks to record revenue in its infrastructure solutions business driven by strong demand for AI-optimized servers.

• Ulta Beauty (NASDAQ: ULTA): Stock slumped 8.7% after cutting annual sales and profit forecasts due to slowing demand for higher-priced cosmetics and fragrances.

• Lululemon Athletica (NASDAQ: LULU): Stock gained 4.2% after reporting better-than-expected earnings, although it cut annual forecasts as demand slowed in North America amid selective consumer spending.

• Intel (NASDAQ: INTC): Stock rose 3.3% following reports that the company might split its foundry business and halt new factory plans to adapt to a sharp slowdown.

• Emergent Biosolutions (NYSE: EBS): Stock rose 15% after the FDA granted expanded approval for the company’s smallpox vaccine for those at high risk of mpox infections.

• Marvell Technology (NASDAQ: MRVL): Stock soared 10% after reporting second-quarter revenue that exceeded expectations, with a nearly doubled revenue in its data center business driven by AI demand.

• Intuitive Machines (NASDAQ: LUNR): Stock skyrocketed 22% after announcing a $117 million NASA contract for delivering science and technology payloads to the Moon’s South Pole.