Apple, ChargePoint and Dell fall premarket; GameStop rises
Investing.com -- U.S. futures traded in a mixed fashion Thursday, ahead of the release of more labor market data, which could influence future monetary policy decisions.
Here are some of the biggest premarket U.S. stock movers today:
Apple (NASDAQ: AAPL) stock fell 2.6% following a WSJ report that stated China is expanding its ban on iPhones to state-owned firms and government agencies, potentially hitting future demand in this important market.
GameStop (NYSE: GME) stock rose 3% after the troubled video games retailer exceeded estimates for quarterly revenue and posted a smaller-than-expected loss.
ChargePoint (NYSE: CHPT) stock slumped over 11% after the owner of EV charging stations missed revenue expectations in its quarterly earnings report.
C3.ai (NYSE: AI) stock fell 10% after the artificial intelligence start-up said its path to profitability will be delayed, fueling concern over its ability to take advantage of a surge in excitement over AI.
McDonald’s (NYSE: MCD) stock rose 0.8% after Wells Fargo upgraded the fast food giant to ‘overweight’ from ‘equal weight’, saying the company is “firing on all cylinders.”
Dell Technologies (NYSE: DELL) stock fell 2.8% after Barclays downgraded the tech company to 'underweight’ from ‘equal weight’, saying its AI presence will not be enough to ward off the macro troubles.
Crocs (NASDAQ: CROX) stock fell 2.5% after B.Riley downgraded the iconic shoe retailer to ‘neutral’ from ‘buy’, citing concerns about excess footwear inventory in stores.