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Nike and RH stock prices decline before market open; nCino soars
Investing.com - U.S. stock index futures rose on Wednesday, oil prices recouped some of their early losses, and investors are weighing hopes that the Iran conflict may be nearing an end.
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As of 06:11 a.m. Eastern Time (18:11 Beijing Time), Dow Jones futures were up 220 points, a gain of 0.5%; S&P 500 index futures rose 31 points, up 0.5%; and Nasdaq 100 index futures climbed 152 points, up 0.6%.
Here are the biggest movers in U.S. stocks ahead of today’s session:
Nike reported quarterly revenue and profits that beat expectations, but its earnings showed weakness persisted in its key Greater China market. The sportswear retailer’s shares fell sharply, and the company also warned that revenue for the current quarter is expected to decline by up to 4%.
RH shares plunged after the home goods company’s first-fiscal-quarter revenue guidance came in below expectations.
Disney edged higher after a Raymond James analyst upgraded the entertainment giant’s rating, citing the stock’s attractive entry point.
Zymeworks rose slightly after the biotech company announced the appointment of Kristin Stafford as Chief Financial Officer, effective immediately.
Immunic gained after the biotech group said it has regained compliance with the Nasdaq minimum bid price rule, removing the risk of being delisted.
nCino shares surged after the bank software provider’s first-quarter revenue guidance exceeded expectations. The company also announced a $100 million accelerated share repurchase program.
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