Stock futures were down Wednesday ahead of a speech later this week from Federal Reserve Chairman Jerome Powell, whose words will be closely monitored by Wall Street for clues on central bank policy.
Futures for both the
were 0.1% lower Wednesday. Futures for the tech-heavy
also slipped 0.1%.
These are some of the stocks making notable moves in premarket trading Wednesday.
(NVDA) is scheduled to report earnings after the close Wednesday. Earlier this month, the chip maker announced preliminary results for its fiscal second quarter that disappointed investors. The stock was down 0.3% in early trading Wednesday, and coming into the open the stock has dropped 42% this year.
Advance Auto Parts
(AAP) was down 7% after posting second-quarter earnings and revenue that missed Wall Street consensus. The company also lowered its full-year guidance.
(TOL) dropped 3% after the home builder lowered its guidance for full-year deliveries due to supply chain disruptions, labor shortages and soft demand from home buyers amid an environment of rising mortgage rates.
(LZB) posted fiscal first-quarter earnings and revenue that beat analysts’ estimates. Shares of the furniture retailer climbed 6.6% Wednesday.
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