US Stock Futures Rise in Premarket Trading

US stock futures traded higher Thursday, bouncing back after breaking their winning streak in the previous session.

Biggest Premarket US Stock Movers Today

• Micron (NASDAQ:MU): Stock rose 16% after the chipmaker unveiled current-quarter guidance significantly above analysts’ expectations due to soaring demand for memory chips used in AI applications.

• Aramark (NYSE:ARMK): Stock increased 5.5% following a Bloomberg report that French rival Sodexo (EPA:EXHO) was considering a takeover of the food catering firm.

• Concentrix (NASDAQ:CNXC): Stock fell 11% after the business process outsourcing company reported weak quarterly earnings and guidance.

• HB Fuller (NYSE:FUL): Stock dropped 10% after the adhesives manufacturer reported third-quarter earnings that missed analyst expectations and lowered full-year guidance.

• Accenture (NYSE:ACN): Stock rose 4.3% after beating quarterly earnings and revenue expectations, even though it forecasted annual revenue below Wall Street estimates.

• CarMax (NYSE:KMX): Stock fell 7% after the used-car retailer’s solid second-quarter sales were not enough to counteract pressure on its car-loan business.

• Southwest Airlines (NYSE:LUV): Stock increased 4.7% after the airline raised its revenue-per-capacity guidance for the current quarter and announced a new $2.5 billion stock repurchase program.

• GE HealthCare (NASDAQ:GEHC): Stock fell 1.6% after UBS downgraded its stance on the medical technology company from “neutral” to “sell”, stating that its valuation is difficult to justify given the lowered growth outlook.

• Sonos (NASDAQ:SONO): Stock dropped 6.3% after Morgan Stanley downgraded its position on the audio equipment manufacturer from “overweight” to “underweight”, emphasizing that the impact of the company’s app redesign is likely greater than the market currently perceives.