’Fasten your seatbelts’— BTIG strategists warn of coming turbulence
Investing.com -- U.S. stock futures edged higher Wednesday, as traders digested the ongoing conflict in the Middle East as well as the conclusion of the latest Federal Reserve meeting.
Here are some of the biggest premarket U.S. stock movers today:
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Meta Platforms (NASDAQ:META) stock rose 0.2% after the tech giant’s latest move to monetize WhatsApp could add billions to its revenue over time, according to a new note from Morgan Stanley (NYSE:MS).
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Peloton (NASDAQ:PTON) stock rose 0.6% after the exercise equipment and media company secured financing and cut costs over the past year or so to dilute concerns of bankruptcy.
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Hasbro (NASDAQ:HAS) stock gained 0.8% after the toy manufacturer cut 3% of its global workforce in its latest cost-cutting effort amid higher U.S. tariffs on toys from China.
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Stellantis (NYSE:STLA) stock rose 0.5% after its Ram Trucks brand announced plans to introduce an industry-leading warranty across its 2026 vehicle lineup this year as part of an 18-month turnaround plan.
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Drug giants GSK (LON:GSK) and AstraZeneca (NASDAQ:AZN) slipped lower after U.S. President Donald Trump said tariffs on imported drugs could be imposed “very soon.”
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Stablecoin issuer Circle Internet (NYSE:CRCL) stock rose 1.2% after the U.S. Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar.
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Biomea Fusion (NASDAQ:BMEA) stock slumped 27% after the drug developer launched an offering of stock and warrants.
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Bitdeer Technologies (NASDAQ:BTDR) stock fell 3.7% after the Bitcoin miner said it was offering $300 million in convertible senior notes due 2031 in a private placement.
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Gap (NYSE:GAP) stock rose 0.3% after TD (TSX:TD) Cowen added the clothing retailer to its “Best Smidcap Ideas” list, citing sustained momentum at its core Gap and Old Navy brands and the potential for improvement at Banana Republic and Athleta.