Palantir, DuPont, Trump Media rise premarket; Restaurant Brands falls

investing.com 05/11/2024 - 12:35 PM

US Stock Market Update

Investing.com — US stock futures edged higher Tuesday, as Wall Street prepares for a highly-important presidential election as well as more corporate earnings.

Biggest Premarket US Stock Movers

  • Palantir (NYSE:PLTR): Stock soared 14% after the data analytics software provider raised its full-year revenue forecast while reporting robust third-quarter results.
  • DuPont (NYSE:DD): Stock rose 2% after the industrial materials maker raised its full-year profit forecast after beating third-quarter earnings targets driven by strong demand for electronics and AI-based technology.
  • Restaurant Brands (NYSE:QSR): Stock fell 1.5% after missing estimates for quarterly revenue due to weak demand at key businesses like Tim Hortons and Burger King.
  • Boeing (NYSE:BA): Stock rose 1.4% after striking workers accepted a new contract, ending a prolonged strike.
  • Trump Media & Technology (NASDAQ:DJT): Stock rose over 11%, indicating investor confidence in the former president's chances of regaining the White House.
  • Yum! Brands (NYSE:YUM): Stock fell 1.5% after unexpected declines in same-store sales, struggling with sluggish U.S. demand.
  • Archer-Daniels-Midland (NYSE:ADM): Stock fell 6.2% after cutting its adjusted annual profit forecast due to accounting irregularities.
  • NXP Semiconductors (NASDAQ:NXPI): Stock fell 6.4% after projecting fourth-quarter revenue and profit below expectations, citing a slowdown in the automotive industry.
  • Emerson Electric (NYSE:EMR): Stock rose 5% after reporting better-than-expected fourth-quarter results and upbeat guidance for fiscal 2025.
  • Ferrari (NYSE:RACE): Stock fell 4% after third-quarter earnings and revenue fell short of analyst estimates.
  • eBay (NASDAQ:EBAY): Stock rose 1.3% after Bernstein upgraded its rating to ‘outperform’ from ‘market-perform’.
  • Marqeta (NASDAQ:MQ): Stock slumped 38% after issuing weaker-than-expected guidance for the fourth quarter.



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