Oracle and Uber rise before the market opens; Campbell Soup Company declines

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Investing.com - U.S. stock index futures hovered slightly above the flat line on Wednesday, after a small decline earlier, with market focus on the Iran conflict and upcoming U.S. inflation data.

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As of 07:20 AM Eastern Time, Dow futures rose 41 points, up 0.1%; S&P 500 futures increased 7 points, up 0.1%; Nasdaq 100 futures gained 16 points, up 0.1%.

Here are some of the biggest pre-market movers in the U.S. stock market today:

  • Oracle Financial Software reported quarterly earnings that beat expectations, with revenue and profit both growing, driven by strong cloud computing growth and optimistic outlooks for future revenue, thanks to the booming AI data center industry. The stock rose over 10% before the U.S. open.

  • Campbell’s Co stock declined after the consumer staples group reported second-quarter earnings per share below expectations, weak sales, and lowered its full-year financial guidance.

  • ExxonMobil edged higher, while Chevron and ConocoPhillips remained flat. Media reports suggest the International Energy Agency may release a record amount of oil reserves to help stabilize the recent crude oil market turmoil caused by the Iran conflict.

  • AeroVironment plunged after the drone manufacturer sharply cut its annual revenue guidance, with some analysts also lowering their target prices.

  • Nebius Group surged after AI chip giant Nvidia announced a $2 billion investment in this data center specialist.

  • Uber’s stock climbed after the ride-hailing company signed an agreement with Amazon’s autonomous vehicle division Zoox to provide robotaxi services.

  • Nike rose slightly after Barclays upgraded the sportswear group, citing a turnaround in financial performance and disciplined management.

  • Enterprise software company Domo soared on better-than-expected Q4 results.

  • Serve Robotics jumped after releasing Q4 earnings, showing strong growth.

  • Sprinklr surged as the software group’s Q4 revenue exceeded Wall Street expectations.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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