US stock futures were lower Thursday as traders awaited Walmart's earnings report and weighed a recent tech selloff and President Donald Trump's dealings with the Federal Reserve ahead of the central bank's gathering in Jackson Hole, Wyoming.
These stocks were poised to make moves Thursday:
Palantir was rising 1.2% after shares of the artificial-intelligence data company closed lower Wednesday for a sixth-straight session. The stock has declined almost 17% over the span, which equals its longest losing streak since April 2024, according to Dow Jones Market Data. Palantir has been swept up in a selloff of expensive technology stocks, particularly those tied to AI.
Shares of Nvidia, the leading maker of AI chips, also have been pressured, falling two straight days and three of the past four trading sessions. Over the past two sessions, Nvidia had declined 3.6%, the stock's worst two-day stretch since April 21, when it fell 7.25%. In premarket trading Thursday, the stock rose 0.7%.
Chip maker Intel edged up 0.7%. Shares dropped 7% on Wednesday, the stock's worst session since July 25, when it fell 8.5%. The shares, however, have gained 19% in August as the U.S. government considers taking a sizable stake in the company, and Japan's SoftBank earlier this week announced a $2 billion investment in Intel.
Renewable energy stocks fell after Trump, in a social media post Thursday, said the U.S. won't approve solar or wind power projects. Solar names First Solar, Sunrun and SolarEdge fell between 1% and 3%. Shares of clean energy companies jumped last week after new rules for tax credits from the Treasury Department weren't as bad as many investors had feared.
Nordson rose 5.4%. The manufacturing company posted better-than-expected fiscal third-quarter earnings and raised fiscal-year guidance.
Coty tumbled 22.2% after the cosmetics company reported a fourth-quarter adjusted loss of 5 cents a share, while analysts expected a profit of 1 cent a share. Revenue in the period fell 8%. Coty said it anticipates "steady, sequential trend improvement" in like-for-like sales and adjusted earnings before interest, taxes, depreciation, and amortization through fiscal 2026, returning to growth in the second half of the year.
MINISO Group shares gained 6.1% in premarket trading on Thursday after the global value retailer reported second-quarter earnings that significantly exceeded analyst expectations, driven by strong revenue growth and improved same-store performance.
Earnings reports are expected Thursday from Walmart, Intuit, Workday, Ross Stores, Zoom, and Full Truck Alliance.
Walmart is expected by Wall Street to report second-quarter adjusted earnings of 73 cents a share on revenue of $175.9 billion. Same-store sales were projected to rise 4%. Shares of the world's largest retailer were down 1.1% in premarket trading. Coming into the report, Walmart has risen nearly 14% in 2025.
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