Stock futures were rising Wednesday after President Donald Trump said he would extend the U.S. cease-fire with Iran.
These stocks were making moves in premarket trading:
Tesla climbed 0.8%, with the electric-vehicle maker set to report its first-quarter earnings after Wednesday's close. Investors will be focusing less on EV sales and more on updates about the company's artificial-intelligence ambitions, including its robots and AI-trained robo-taxis.
United Airlines added 1.4% after the carrier beat analysts' first-quarter earnings expectations, helping investors to look past a cut to full-year guidance. United slashed its 2026 profit guidance as it braces for a spike in fuel costs due to the Iran war.
Capital One Financial was the S&P 500's worst performer ahead of the opening bell, sliding 3.2%. The selloff came after the credit-card issuer's first-quarter earnings missed Wall Street's forecasts as it set aside more money than a year ago to cover credit losses.
Trump Media & Technology Group climbed 2.3% after the owner of Truth Social announced the abrupt departure of CEO Devin Nunes. The company named Kevin McGurn as interim CEO, effective immediately. Trump Media shares, which trade under the ticker DJT in reference to major shareholder President Donald Trump's initials, have slumped 63% over the past 12 months, with investors unimpressed by a merger with nuclear fusion start-up TAE Technologies.
Adobe gained 3.8% after the software company said its board had approved a $25 billion stock buyback program. The share repurchases could reassure the market at a time when investors are fretting about how AI could disrupt the software industry.
Avis Budget Group rose 9%, extending a wild recent surge. Shares in the rental car company have risen more than sixfold over the past month, driven by a major short squeeze.
Teleflex jumped 7.5% after Bloomberg reported that buyout firms CVC Capital Partners and GTCR had submitted a takeover offer for the medical equipment maker. Teleflex and GTCR didn't immediately respond to requests for comment from Barron's. CVC declined to comment.
AT&T, Boeing, GE Vernova, Philip Morris International, Vertiv, Lam Research, International Business Machines, ServiceNow, Southwest Airlines, and Texas Instruments are all set to report earnings on Wednesday.