Wynn Resorts, Illumina, Plug Power fall premarket; Apple rises
Investing.com -- U.S. futures traded in a mixed fashion Friday, ending the week amid a degree of uncertainty after a relatively hawkish speech by Fed Chair Jerome Powell.
Here are some of the biggest premarket U.S. stock movers today:
Apple (NASDAQ: AAPL) stock rose 0.2% after the iPhone maker agreed to pay $25 million to settle claims by the U.S. Department of Justice that the company illegally favored immigrant workers for certain jobs.
Walt Disney (NYSE: DIS) stock fell 0.2% after the entertainment giant announced the postponement of the launch dates of several movies, including “Deadpool 3”, due to the recently ended Hollywood strike.
Wynn Resorts (NASDAQ: WYNN) stock fell 4.8% despite hospitality workers reaching a tentative labor deal with the casino operator, ending the threat of a strike, as investors fretted over the uneven nature of its recovery in the important Macau region.
Illumina (NASDAQ: ILMN) stock slumped over 11% after the gene-testing company cut its annual profit forecast for the second straight quarter, hurt by weakness in demand for its sequencing instruments, consumables and services.
Plug Power (NASDAQ: PLUG) stock plummeted over 30% after the hydrogen fuel-cell firm's third-quarter revenue missed estimates,causing it to pull its 2023 guidance, citing “unprecedented supply challenges.”
Unity Software (NYSE: U) stock fell over 14% after the video game software developer failed to provide full-year guidance after third-quarter revenue missed expectations following slowing new game launches and weakness in China amid a government crackdown on gaming.
Trade Desk (NASDAQ: TTD) stock slumped over 24% after the advertising software maker disappointed with its revenue guidance for the upcoming quarter, tied to the auto and Hollywood strikes.
Diageo (LON: DGE) ADRs slumped over 14% after the U.K. drinks giant warned that it expects organic operating profit to drop in the first half of its current financial year, citing anticipated "material weakness" in Latin America and the Caribbean.