U.S. Stock Futures Decline Amid Growth Concerns

U.S. stock futures fell Wednesday, indicating further losses after the previous session’s sharp selloff due to growth concerns.

Biggest Premarket U.S. Stock Movers

• Nvidia (NASDAQ: NVDA) fell 2.1% after Bloomberg reported a subpoena from the U.S. Department of Justice regarding its AI chip market dominance.
• Dollar Tree (NASDAQ: DLTR) slumped 12% following fiscal second-quarter earnings that missed expectations, prompting a reduced full-year outlook due to pressure on middle- and higher-income customers.
• Hormel Foods (NYSE: HRL) fell 5.1% after third-quarter sales came in below estimates, leading to lowered guidance.
• Zscaler (NASDAQ: ZS) saw a 15% drop, despite exceeding fiscal fourth-quarter results, as its fiscal 2025 outlook disappointed.
• Asana (NYSE: ASAN) plunged 14% after a challenging quarter and the announcement of a new CFO.
• PagerDuty (NYSE: PD) fell 14%, as quarterly revenue missed expectations and provided weaker guidance.
• Clover Health Investments Corp (NASDAQ: CLOV) gained 12%, securing a contract with the Iowa Clinic through its Counterpart Unit.
• GitLab (NASDAQ: GTLB) rose 15%, raising its full-year outlook amid increased business demand for AI integration and security.
• United States Steel (NYSE: X) rose 0.5% after rebounding from a previous 6% drop, with reports of potential mill closures and moving its headquarters if a buyout by Nippon Steel fails.