Investing.com - U.S. stock futures pointed lower on Thursday, as investors gauged President Donald Trump’s tariff plans and looked ahead to the release of fresh producer price data.
Here are some of the biggest premarket U.S. stock movers:
- Shares in Intel (NASDAQ:INTC) rose in extended hours trading after the chipmaker announced the appointment of Lip-Bu Tan as its next Chief Executive. He succeeds interim co-CEOs David Zinsner and Michelle Johnston Holthaus, with Zinsner staying on as CFO and Holthaus continuing as CEO of Intel Products.
- Adobe (NASDAQ:ADBE) shares slipped after the Photoshop-owner provided a tepid, albeit in line, outlook relative to Wall Street expectations.
- Wells Fargo (NYSE:WFC) shares inched up after RBC Capital Markets upgraded their rating of the bank to "outperform" from "sector perform," citing recent weakness in the stock.
- American Eagle (NYSE:AEO) shares fell after the retailer’s operating income guidance for the first quarter came up short of average estimates and oversahdowed strong fourth-quarter earnings.
- SentinelOne (NYSE:S) shares sank on a weaker-than-anticipated revenue forecast from the security software group.
- UiPath (NYSE:PATH) shares dropped sharply after the automation software firm provided a lower-than-expected forecast, exacerbating worries over the impact of artificial intelligence.