Lowe's, Kohl's, Best Buy fall premarket; Agilent, Baidu rise By
2023-11-21 22:20:14

-- U.S. edged lower Tuesday, as investors await the release of the minutes from the most recent Federal Reserve meeting as well as more important corporate earnings.

Here are some of the biggest premarket U.S. stock movers today:

  • Lowe’s (NYSE:) stock fell 4.4% after the home improvement retailer cut its full-year financial guidance, saying it was hit by a larger-than-anticipated pullback in consumer spending on big-ticket items in its third quarter.

  • (NYSE:) stock fell 5.3% after the consumer electronics company slashed its full-year revenue outlook, projecting a decline in comparable sales in the key holiday quarter.

  • Kohl’s (NYSE:) stock fell 4.4% after the department store chain posted a bigger than expected drop in quarterly sales, as customers spent less dollars amid persistently high inflation.

  • Zoom (NASDAQ:) stock fell 0.3% as although the video conferencing platform raised its annual revenue and profit forecasts after beating expectations in its third quarter, its glory days appear to be over with year-on-year growth non-existent.

  • Agilent (NYSE:) stock rose 6.7% after the healthcare equipment provider beat expectations in its fourth quarter, despite what CEO Mike McMullen called a “challenging year for the industry.”

  • (NYSE:) stock rose 2.2% after the medical device manufacturer raised its annual revenue and earnings outlook following "broad-based, diversified" growth in its fiscal second quarter.

  • Baidu (NASDAQ:) stock rose 1.3% after the Chinese tech giant beat expectations with its third-quarter revenue, even though growth was slower than during the previous three months.

  • Symbotic (NASDAQ:) stock soared over 20% after the warehouse automation company easily beat expectations for its fiscal fourth quarter and guided the market higher for the current period.

  • Zions Bancorporation (NASDAQ:) stock fell 1.6% after Citigroup downgraded its stance on the regional lender to ‘neutral’ from ‘buy’, citing an overly inflated valuation.

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