Investing.com -- U.S. stock futures fell Wednesday, continuing the previous session’s weakness amid growing fiscal concerns around U.S. President Donald Trump’s tax-cut bill.
Here are some of the biggest premarket U.S. stock movers today:
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Lowe’s (NYSE:LOW) stock rose 1.6% after the home improvement chain reported net sales in the first quarter that were roughly in line with estimates, even as it flagged "near-term uncertainty".
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Target (NYSE:TGT) stock fell 4.2% after the big-box retailer slashed its annual sales forecast after posting a sharp decline in quarterly same-store sales, attributing the declines to weakened consumer confidence and a pullback in discretionary spending.
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Nvidia (NASDAQ:NVDA) stock fell 0.9% after CEO Jensen Huang said that U.S. export restrictions on artificial intelligence chips to China had failed to prevent Beijing’s advancements in the industry, pushing businesses towards locally-developed processors.
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Palo Alto Networks (NASDAQ:PANW) stock fell 3.4% after the cybersecurity company reported a 12% increase in operating expenses in the third quarter, along with revenue roughly in line with estimates.
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Xpeng (NYSE:XPEV) stock rose 5.3% after the Chinese electric vehicle maker reported a narrower-than-expected loss for the first quarter, alongside revenue and delivery figures that topped analyst forecasts.
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Take-Two Interactive (NASDAQ:TTWO) stock fell 4.4% after the video game company announced a $1 billion common stock offering, planning to use the proceeds for general corporate needs.
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Medtronic (NYSE:MDT) stock rose 0.2% after the Wall Street Journal reported that the medical device maker plans to separate its diabetes business into a stand-alone company.
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Baidu (NASDAQ:BIDU) stock rose 2.1% after the Chinese search giant reported better-than-anticipated revenue in the first quarter, noting strength at its artificial intelligence cloud division.
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VF Corporation (NYSE:VFC) stock fell 11% after the North Face and Vans owner’s disappointing outlook overshadowed positive quarterly results.
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Wolfspeed (NYSE:WOLF) stock tumbled 60% following a report that the semiconductor supplier was preparing to file for bankruptcy within weeks.
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Unitedhealth (NYSE:UNH) stock fell 7% after HSBC downgraded its stance on the healthcare insurer to ‘reduce’ from ‘hold’, saying it faces risks to earnings growth despite a recent leadership shake-up.