S&P 500 and Nasdaq futures pointed higher on Wednesday following a downbeat session to begin a holiday-shortened trading week, as sentiment was bolstered by an antitrust ruling against Google-parent Alphabet that included less severe penalties than those proposed by the Justice Department.
Here are some of the biggest premarket U.S. stock movers today:
- Alphabet (NASDAQ:GOOGL) stock rose over 5% in extended hours trading after a federal judge ruled that Google will not be required to sell its popular Chrome web browser as part of remedies in the Justice Department’s landmark antitrust case. Judge Amit Mehta’s decision allows Google to avoid one of the most severe potential penalties following the court’s earlier finding that the company maintained an illegal monopoly in the search market.
- Additionally, the judge ruled that Google will not be required to cease payments to Apple (NASDAQ:AAPL) and other companies for preloading Google products. Shares in the iPhone maker also advanced.
- Macy’s (NYSE:M) shares surged after the department store chain reported better-than-expected second-quarter results and raised its full-year guidance, driven by its strongest comparable sales growth in three years.
- Dollar Tree (NASDAQ:DLTR) has lifted its annual financial targets thanks in part to solid demand for its bargain-priced items from value-seeking middle- and upper-income customers during a time of tariff-fueled economic uncertainty. But shares dipped, with analysts at Vital Knowledge saying the firm’s outperformance was not "as robust as it looks."
- Kraft Heinz (NASDAQ:KHC) shares edged higher after analysts at Morgan Stanley upgraded their rating of the food packaging group to "equal-weight" from "underweight," arguing that the firm’s plan to split into two separate entities will limit downside.
- Zscaler (NASDAQ:ZS) posted quarterly revenue that was above Wall Street expectations and gave a forecast that topped estimates, powered by robust demand for cybersecurity services. Shares rose prior to the opening bell on Wall Street.
Source :
https://www.investing.com/news/stock-market-news/alphabet-apple-rise-premarket-dollar-tree-slips-4221394
