- Nvidia jumped 6.8% premarket. The graphics-chip company posted another quarter of record sales amid supercharged demand for videogaming and data centers.
- Shares of Victoria’s Secret soared 15% premarket after the lingerie retailer topped earnings forecasts for the recent quarter.
- Cisco Systems dropped 7.1% premarket. The networking company gave a weaker-than-expected outlook for the second quarter.
- Electric-vehicle startups Lucid Group and Rivian Automotive were slipping for a second day after a recent run-up in their stock prices. Both were down 4% ahead of the bell. But heavyweight Tesla was still on the rise, adding 1.1%.
- Chinese e-commerce giants Alibaba and JD.com were charting separate courses premarket after their earnings reports. U.S.-traded shares of JD.com added 1.6% after it posted a net loss but with higher revenue. Alibaba dropped 4% in the moments just after its earnings release.
- Kohl’s , Macy’s and BJ’s Wholesale Club are due to report before the open.
- Deere added 1.2% premarket. Workers at the farm and construction machinery company ratified a new six-year contract Wednesday, ending a strike that lasted over a month.
- Bath & Body Works gained 1.9%. The retailer reported lower earnings and sales in its first quarterly results as a stand-alone business, but said it expects to record higher fourth-quarter earnings than a year earlier.
- Intuit , Workday , Applied Materials , Ross Stores and Palo Alto Networks will give updates after the close.
Chart of the Day
- Banks are spending big on mailers and generous rewards to lure cardholders and get them borrowing again.
Write to James Willhite at email@example.com