Stock futures rose Wednesday as investors tried to make sense of delayed U.S. jobs data.
These stocks were poised to make moves Wednesday:
Tesla climbed 0.1% ahead of the opening bell. The electric-vehicle maker gained 3.1% the previous session to hit a record closing high of $489.88, boosted by a price-target upgrade from Mizuho. Investors appeared to be shrugging off California regulators giving Tesla 90 days to change its autopilot advertising. If the company doesn't change its policies, its dealer and manufacturing licenses will be suspended for 30 days, said the California Department of Motor Vehicles.
Warner Bros. Discovery slipped 1.3% in premarket trading, having tumbled 2.7% on Tuesday after The Wall Street Journal reported, citing people familiar with the matter, that the entertainment company's board was preparing to tell shareholders to turn down a bid from Paramount Skydance. Warner plans to recommend that shareholders back an existing deal with Netflix instead, according to the report. Paramount stock slid 0.7% on Wednesday, and Netflix climbed 1.8%.
Lennar dropped 4.3% after the homebuilder reported weaker-than-expected earnings for its fiscal fourth quarter and issued disappointing guidance. It's been a difficult time for companies in the housing space as buying costs have remained high and home sales slow.
U.S. shares of DBV Technologies surged 39% after the French pharmaceutical company reported positive topline results from a Phase 3 trial of its peanut patch, which treats children with peanut allergies aged between 4 and 7.
Fortinet declined 2.1% to $80.73. Analysts at J.P. Morgan downgraded shares of the cybersecurity company to Underweight from Neutral and reduced their price target on the stock to $75 from $85. Fortinet faces headwinds as platform consolidation trends continue into 2026, the analysts said in a research note, the Fly reported.
Micron Technology rose 3.3%. The memory-chip maker is set to report fiscal first-quarter earnings after the close of trading Wednesday. The report could either ease or fuel investors' worries about bloated artificial-intelligence valuations.
Packaged-food company General Mills and electronic parts supplier Jabil are also due to report earnings on Wednesday.
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