Costco and Zions Bancorporation fall premarket; Rivian and Mattel rise
Investing.com -- U.S. futures rose Wednesday, rebounding after the previous session’s selloff with investors awaiting developments on a U.S. funding bill as well as future Federal Reserve's monetary policy.
Here are some of the biggest premarket U.S. stock movers today:
Costco (NASDAQ: COST) stock fell 1.9% as same-store sales missed estimates, even as fourth quarter results beat expectations on both the top and bottom lines.
Rivian (NASDAQ: RIVN) stock rose 1.3% after the EV manufacturer announced plans to use subscription models for monetizing various features in cars.
Amazon (NASDAQ: AMZN) stock rose 0.2% despite the U.S. Federal Trade Commission filing a long-awaited antitrust lawsuit against the online retail giant.
Zions Bancorporation (NASDAQ: ZION) stock fell 2.2% after Morgan Stanley downgraded the lender to ‘underweight’ from ‘equal weight’, citing an elevated valuation after gains of over 70% since May lows.
Mattel (NASDAQ: MAT) stock rose 2.4% after the toymaker posted a surprise profit in the second quarter and its sales exceeded market expectations, while the box office success of the "Barbie" movie is likely to help drive doll sales in the second half of the year.
Marriott International (NASDAQ: MAR) stock rose 0.1% after the hotel operator forecast two-year annualized global revenue per available room growth of 3% to 6% by 2025, expecting resilient international travel demand.
MillerKnoll (NASDAQ: MLKN) stock rose 16% after the upmarket furniture-maker raised its full-year profit outlook.
Cardiff Oncology (NASDAQ: CRDF) stock rose 19% after the biotechnology company announced favorable data from two cancer drug trials.