Stock futures rose on Tuesday as Wall Street returned from a long weekend and traders focused on weekend inflation data.
GameStop rose 21% after it said on Friday it completed a 45 million-share initial public offering, raising about $933.4 million in proceeds. GameStop said the proceeds were due to “acquisitions and other factors.”
“Investment.” The at-the-market offering was disclosed in a May 17 filing.
Nvidia rose 2.5%. The chipmaker’s shares rose after Elon Musk announced that the xAI startup had raised $6 billion in its latest funding round. Much of the new capital is expected to be spent on Nvidia.
of
hardware.
Apple shares rose 2.3 percent after Bloomberg reported that iPhone shipments in China rose 52 percent year-over-year, citing figures from the China Academy of Information and Communications Technology.
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DraftKings fell 6.7% after reports that Illinois senators approved a 2025 budget that includes an increase in the state’s sports betting tax, making Illinois the second-most expensive state in which to do business for gambling operators, according to iGamingBusiness.com. FanDuel parent company Flutter Entertainment fell 4.1%.
Cava Group’s earnings report is due on Tuesday.
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Heiko
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and box
.
Mediterranean restaurant chain Cava rose 4.8% in premarket trading ahead of the company’s expected quarterly earnings report after the close on Tuesday.
A report from Salesforce is expected later this week.
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Dell Technologies
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Costco Wholesale
,
HP Corporation
,
Marvel Technology
,
Pure Storage
,
Agilent Technologies
,
Nutanix
,
Octa
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Dick’s Sporting Goods
,
UI Pass
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Abercrombie & Fitch
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Chewy
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C3.ai
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Advance Auto Parts
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MongoDB
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Zscaler
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Ulta Beauty
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Best Buy
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gap
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Nordstrom
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Foot Locker
,
and NetApp
.
DuPont shares rose 1.4 percent to $82.28 in premarket trading after Citi analysts upgraded their recommendation on DuPont to buy from neutral and raised their price target to $95 from $85 following the chemical company’s plan to split into three parts. Last week, Wells Fargo upgraded DuPont shares to buy from hold, and analyst Michael Sisson said DuPont is
of
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The separation plan is [valuation] “Multiplication”
Contact Joe Woelfel at joseph.woelfel@barrons.com.
