Investing.com — U.S. stock slipped lower Thursday, consolidating after recent gains ahead of the release of key inflation data which could influence the timing of future interest rate cuts.
Here are some of the biggest premarket U.S. stock movers today:
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PepsiCo (NASDAQ:) stock fell 2.3% after the soft drinks giant released disappointing second-quarter revenue, hit by declining demand in North America for its beverages and snacks.
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Delta Air Lines (NYSE:) stock slumped 9.5% after the carrier forecast lower profits in the current quarter than expected, citing discounting pressure in the low end of the market.
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Pfizer (NYSE:) stock rose 2.4% after the drugs giant announced that it was advancing the development of its key anti-obesity drug, a likely profitable market.
- Apple (NASDAQ:) stock fell 0.2% after the tech giant reached an agreement with EU antitrust regulators to allow access to its tap and go payments technology to rivals.
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Alcoa (NYSE:) stock rose 2.3% after the aluminum giant disclosed positive second-quarter results, helped by higher alumina and aluminum prices.
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Costco (NASDAQ:) stock rose 2.8% after the warehouse retailer announced plans to increase annual membership fees for the first time since 2017.
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WD-40 Company (NASDAQ:) stock surged 12% after the household products firm reported higher-than-expected earnings and revenue in the third quarter.
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Spotify (NYSE:) stock rose 1.2% after Jefferies assumed coverage of the music streaming service with a ‘buy’ rating, saying it is increasingly confident in its ability to “comfortably deliver sustainable 15%+ rev growth over the next 3 years.”
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Quantumscape (NYSE:) stock soared 23% after German auto giant Volkswagen (ETR:) said it will massively ramp up production of solid-state batteries developed with U.S. startup.
From: investing.com
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