Investing.com — US stock traded marginally lower Wednesday, slipping back from record levels ahead of more comments from a series of Fed officials.
Here are some of the biggest premarket US stock movers today:
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Nvidia (NASDAQ:) stock fell 0.3% after the chip giant rose more than 3% in the previous session, buoyed by reports that CEO Jensen Huang was done selling Nvidia shares after offloading more than $700 million worth of shares under a trading plan.
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Stitch Fix (NASDAQ:) stock slumped 26% after the online personal styling service reported a wider-than-expected loss for its fiscal fourth quarter and issued disappointing guidance.
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Ford (NYSE:) stock fell 2%, General Motors (NYSE:) stock fell 3.3% and Rivian (NASDAQ:) stock dropped 3.1% after Morgan Stanley cut its view on the auto industry, as well as downgrading the three companies.
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KB Home (NYSE:) stock fell 6.6% after the homebuilder reported third quarter earnings that missed expectations, as well as providing weaker-than-expected guidance.
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Progress Software (NASDAQ:) stock rose 6.9% after the global software reported higher earnings in the fiscal third quarter, beating expectations, and raised its outlook for the year.
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Trump Media & Technology (NASDAQ:) stock rose 5.5%, bouncing after Republican candidate Donald Trump unveiled details on his economic plans for the country, including several new manufacturing proposals.
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KLA Corporation (NASDAQ:) stock fell 0.4% after Oppenheimer initiated coverage of the capital equipment company with a “perform” rating, saying it is priced for perfection.
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SAP (NYSE:) ADRs fell 3.3% after it was reported that the U.S. Justice Department is investigating the German software developer.
