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Salesforce, Dollar Tree, Okta rise premarket; Foot Locker slumps

investing.com 04/12/2024 - 13:01 PM

US Stock Futures Rise

US stock futures rose Wednesday, ahead of the release of key economic data and commentary from central bank officials, including Chair Jerome Powell.

Biggest Premarket US Stock Movers Today:

  • Salesforce (NYSE: CRM): Stock soared almost 13% after beating third-quarter revenue estimates and raising the lower end of its annual revenue forecast.
  • Dollar Tree (NASDAQ: DLTR): Stock rose 5.1% following third-quarter earnings and revenue that exceeded expectations due to strong same-store sales growth.
  • Foot Locker (NYSE: FL): Stock slumped 16% after cutting annual earnings and sales forecasts due to disappointing fiscal third-quarter results and softer consumer spending trends.
  • Marvell (NASDAQ: MRVL): Stock gained 12% after forecasting fourth-quarter revenue above analyst estimates, indicating strong AI chip demand.
  • Okta (NASDAQ: OKTA): Stock soared 14% after reporting third-quarter profit compared to a loss a year ago, with 15% of bookings from new products.
  • General Motors (NYSE: GM): Stock fell 1.1% after announcing non-cash charges over $5 billion on its joint venture in China.
  • JetBlue (F: JBLU): Stock rose 4.6% after raising guidance for the fourth quarter and full year due to better-than-expected performance and high demand.
  • Eli Lilly (NYSE: LLY): Stock rose 1.1% after stating its Zepbound weight-loss drug was more effective than Novo Nordisk’s Wegovy in a head-to-head study.
  • UnitedHealth (NYSE: UNH): Stock fell 0.8% after forecasting 2025 medical costs above expectations due to ongoing high demand for healthcare services.



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