U.S. stock futures rose Tuesday, ahead of the release of key inflation data later in the session.
Here are some of the biggest premarket U.S. stock movers today:
Intel (NASDAQ:INTC) stock rose 2.8% after President Donald Trump praised CEO Lip-Bu Tan following their meeting on Monday, days after seeking Tan’s resignation.
Sinclair (NASDAQ:SBGI) shares surged 21% after the TV station owner said it was reviewing its business for potential mergers or a ventures unit spinoff.
Celanese (NYSE:CE) shares tumbled 16% following the specialty chemical company’s warning that it sees “a softening demand environment across most key end-markets in the second half of the year.”
Tencent Music Entertainment Group (NYSE:TME) stock climbed 4.6% after the Chinese music company reported better-than-expected results for the second quarter.
Pony Ai (NASDAQ:PONY) stock gained 2.8% after the Chinese robotaxi operator reported a surge in second-quarter revenue, and said it was on track to reach its year-end vehicle target.
On Holding stock soared 10% after the Switzerland-based sportswear maker beat analyst expectations for second-quarter sales and raised its full-year outlook.
Hanesbrands (NYSE:HBI) stock soared 42% after a report said Canada’s Gildan Activewear (NYSE:GIL) is nearing a deal to acquire the U.S. innerwear-maker for about $5 billion, including debt.
Palo Alto Networks (NASDAQ:PANW) stock rose 1.2% after brokerage Piper Sandler raised its rating on the cybersecurity stock to ’overweight’ from ’neutral’, citing its early platformization success, which has helped reaccelerate bookings.
