Investing.com -- US stock futures edged lower Thursday, with investors wary ahead of the release of widely-watched inflation data.
Here are some of the biggest premarket US stock movers today
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Tesla (NASDAQ:TSLA) stock rose 1.1% ahead of the EV manufacturer’s much-anticipated Robotaxi Day, an event that Wedbush analysts think “marks a new chapter of growth around autonomous, FSD, and AI future.”
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Delta Air Lines (NYSE:DAL) stock slumped 6.2% after the carrier unveiled disappointing fourth-quarter guidance, saying the upcoming U.S. presidential election was expected to temporarily slow travel spending.
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Apple (NASDAQ:AAPL) stock fell 0.5% after Jefferies said that latest indications suggest that demand for the iPhone 16 remains weak, with early data points suggesting a double-digit fall in iPhone volume.
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Boeing (NYSE:BA) stock rose 0.2%, rebounding after falling over 3% the prior session, but Wells Fargo (NYSE:WFC) thinks an equity raise is on the way after union talks broke off once more.
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Domino’s Pizza (NYSE:DPZ) stock fell 1.3% after the pizza chain posted a smaller-than-expected rise in third-quarter U.S. same-store sales as consumers curbed spending on dining out.
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GXO Logistics (NYSE:GXO) stock rose 8.1% following a Reuters report that the logistics services provider is exploring a possible sale after receiving takeover interest.
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Medtronic (NYSE:MDT) stock rose 1.1% after RBC Capital Markets upgraded its investment stance on the medical device company to ‘outperform’ from ‘sector perform’, citing increased confidence in the business fundamentals.
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Lululemon Athletica (NASDAQ:LULU) stock fell 0.2% after CFRA downgraded its stance on the athletic wear retailer to ‘hold’ from ‘strong buy’, saying the company is dealing with inventory issues moving into the holiday season.
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CVS Health (NYSE:CVS) stock rose 1.3% after Barclays (LON:BARC) upgraded the pharmacy chain to ‘overweight’ from ‘equal weight’, expecting a multi-year Medicare margin recovery to unlock significant value at its Aetna unit.
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PayPal (NASDAQ:PYPL) stock fell 1.6% after Bernstein downgraded the payments company to ‘market perform’ from ‘outperform’, citing the recent rise in valuation.
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PepsiCo (NASDAQ:PEP) stock fell 0.5% after TD Cowen downgraded the soft drinks giant to ‘hold’ from ‘buy’, saying aggressive pricing will likely compromise its near-term pricing power.