Nvidia, Microsoft, Netflix and Domino's rise premarket; Illumina falls
Investing.com -- U.S. futures traded lower, with investors cautious ahead of the release of Federal Reserve meeting minutes from the June policy gathering.
Here are some of the biggest premarket U.S. stock movers today:
Nvidia (NASDAQ: NVDA) stock rose 0.6% after the Financial Times reported that U.K.-based chip designer Arm is in negotiations with the U.S. chipmaker for it to be an anchor investor in Arm’s planned initial public offering.
Illumina (NASDAQ: ILMN) stock fell 0.2% after EU regulators hit the genetic sequencing equipment maker with a record €432 million (€1 = $1.1023) fine for closing its acquisition of cancer test developer Grail without first securing regulatory approval.
Netflix (NASDAQ: NFLX) stock rose 0.6% after UBS lifted its price target on the streaming giant by 35%, keeping a ‘buy’ rating, citing the recently announced restrictions on account sharing.
Microsoft (NASDAQ: MSFT) stock rose 0.4% after a federal court judge rejected U.S. antitrust concerns over the tech giant’s proposed megamerger with video game maker Activision Blizzard (NASDAQ: ATVI).
Amazon (NASDAQ: AMZN) stock rose 0.4% on the second day of the e-commerce giant’s 48-hour shopping event, known as Prime Day, which attempts to draw in U.S. customers with deep discounts.
Broadcom (NASDAQ: AVGO) stock rose 0.6% after the chipmaker secured EU antitrust approval for its $61 billion proposed acquisition of cloud computing firm VMware (NYSE: VMW), up 2.3%, after offering remedies to help rival Marvell (NASDAQ: MRVL), up 0.7%.
Domino’s (NYSE: DPZ) stock rose 11.5% after the pizza firm announced a new agreement with Uber (NYSE: UBER), up 0.9%, that will allow customers to order Domino's products through the food delivery company's apps.