US Stock Futures Rise

US stock futures experienced an uptick on Thursday, recovering from the previous day's significant selloff prompted by the Federal Reserve's more hawkish outlook on interest rates for next year.

Major Premarket US Stock Movers:

• Micron (NASDAQ:MU): Stock decreased by 11% after the chipmaker provided disappointing second-quarter guidance, forecasting sales of approximately $7.9 billion, falling short of the $9 billion consensus.

• Tripadvisor (NASDAQ:TRIP): Stock rose by 11% following the online travel agency's announcement of its acquisition of Liberty TripAdvisor Holdings (OTC:LTRPA) for about $435 million.

• Darden Restaurants (NYSE:DRI): Stock increased by 9.3% after posting fiscal second-quarter results that surpassed expectations, with a 6% sales increase and optimistic guidance.

• CarMax (NYSE:KMX): Stock climbed by 6.9% after reporting third-quarter earnings and revenue that exceeded analyst predictions, aided by growth in unit sales and robust margins.

• Accenture (NYSE:ACN): Stock gained 6.1% after the IT service provider exceeded first-quarter revenue estimates, driven by rising demand for services supporting AI tool adoption for clients.

• Lamb Weston (NYSE:LW): Stock dropped 20% after the frozen potato snacks manufacturer cut its annual profit and sales forecasts, while also appointing insider Michael Smith as CEO under pressure from activist investor Jana Partners.

• Amazon (NASDAQ:AMZN): Stock rose 1.5%, recovering from an almost 5% drop in the previous session, even though workers from seven US facilities initiated strikes during the holiday shopping period, seeking to prompt contract discussions with their union.

• Dollar Tree (NASDAQ:DLTR): Stock increased by 1.1% after announcing that interim CEO Michael Creedon would officially assume the role full-time.