Lindsay, Palantir rise premarket; Ouster, Bending Spoons fall
Investing.com - U.S. stock futures were mixed on Thursday as investors awaited a closely watched U.S. employment report that could help shape expectations for Federal Reserve interest rate policy in the months ahead.
By 07:25 ET, the Dow futures contract had risen 0.2%, S&P 500 futures were little changed, and Nasdaq 100 futures had slipped 0.3%.
Artificial intelligence and technology stocks remained in focus, while investors also reacted to earnings reports, capital raises and post-IPO trading.
Here are some of the biggest premarket U.S. stock movers today:
Lindsay Corporation climbed 5.3% after the irrigation and infrastructure equipment maker reported fiscal third-quarter adjusted earnings that comfortably topped Wall Street expectations. Although revenue came in slightly below forecasts, the earnings beat exceeded analysts’ sharply lowered estimates.
Palantir Technologies gained 3.7%, extending its recent rally after announcing a sovereign AI partnership with Nvidia and securing a key U.S. Army contract for its Next Generation Command and Control program, bolstering expectations for long-term government AI spending.
Robinhood Markets rose 3.1% after unveiling several initiatives at its "The World is Flat" crypto event, including the official launch of Robinhood Chain, an Arbitrum-based blockchain designed to support tokenized real-world assets.
Ouster fell 7% after the lidar technology company priced an underwritten public offering of common stock at a discount to its previous closing price. The transaction is expected to raise approximately $200 million before expenses.
Bending Spoons slipped 5.7% as investors locked in gains following the software company’s strong Nasdaq debut. The stock retreated after surging nearly 40% above its IPO price during its first trading session on Wednesday.
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