Investing.com — U.S. stock slipped lower Thursday, with tech stocks weighing ahead of the release of more key economic data.
Here are some of the biggest premarket U.S. stock movers today:
Micron (NASDAQ:) stock fell 6% after the chipmaker unveiled a current quarter financial outlook that disappointed sky-high investor expectations stemming from a surge in enthusiasm around artificial intelligence.
Levi Strauss (NYSE:) stock slumped 16% after the jeans manufacturer reported a miss in its fiscal second-quarter revenue, hit by sluggish demand at Docker’s, its khaki and chinos brand.
Walgreens Boots (NASDAQ:) alliance stock fell 4.8% after the pharmacy chain cut its fiscal 2024 guidance due to a worse-than-expected retail environment and announced it would close more stores as part of a strategic review.
GSK (NYSE:) stock fell over 1.8% after a U.S. public health agency narrowed its usage recommendation for all respiratory syncytial virus (RSV) vaccines, including the British drugmaker Arexvy vaccine.
Uber (NYSE:) stock fell 0.2% after the ride-hailing company said it will pay $1,000 in credits to certain commuters in the U.S. and Canada who ditch their cars for five weeks in favor of public and other transport services, in its latest effort to drum up business and help reduce emissions.
International Paper (NYSE:) stock fell over 14% after Bloomberg reported that Suzano is no longer pursuing a takeout of the paper and packing group, with the Brazilian pulp giant said to have reached its maximum price.
AeroVironment (NASDAQ:) stock fell 7.1% after the missile and drone maker reported a 57% drop in fourth-quarter earnings.
Rivian (NASDAQ:) stock fell 1.4%, with shareholders to seek details on the company’s upcoming models and progress in cutting costs at an investor day event on Thursday, two days after the US electric vehicle maker announced a $5 billion investment from Volkswagen (ETR:).
