Stock futures pointed higher Wednesday after the S&P 500 slipped from record highs in a decline driven by a tumble in technology shares.
These stocks were poised to make moves Wednesday:
Tesla was rising 1% ahead of the expected release of second-quarter deliveries from the electric-vehicle company. Tesla recently released the consensus number it compiles from about two-dozen Wall Street analysts, who expect about 386,000 vehicles to have been delivered in the period, down about 13% from 444,000 a year earlier. Tesla shares declined 5.3% on Tuesday as CEO Elon Musk and President Donald Trump renewed hostilities that first cropped up in June. Coming into Wednesday, Tesla shares have closed lower for six consecutive trading days, and have lost nearly 14% over the span, according to Dow Jones Market Data.
Apple was up 0.7% to $209.25 after analysts at Jefferies upgraded the iPhone maker to Hold from Underperform and raised their price target to $188.32 from $170.62. The firm believes good fiscal third-quarter earnings "could keep the stock stable" in the near term. Apple shares have declined 17% this year.
Centene slid 26% after the health insurer withdrew its fiscal-year earnings guidance following a review of health-insurance market data that pointed to lower-than-expected growth in the year.
Shares of the biggest U.S. banks were rising modestly after the companies announced fresh plans for stock buybacks and dividends following the Federal Reserve's disclosure of positive annual stress tests.
JPMorgan Chase said it plans to increase its quarterly dividend to $1.50 a share and the bank authorized a new $50 billion buyback program, while Bank of America announced its was boosting its dividend 8% to 28 cents a share. Wells Fargo said it was increasing its dividend to 45 cents a share, and Morgan Stanley boosted its dividend to $1 a share and reauthorized a multiyear share buyback plan of up to $20 billion.
Goldman Sachs, meanwhile, raised its dividend to $4 a share and Citigroup boosted its payout to 60 cents.
Verint Systems rose 12% after Bloomberg reported that private-equity firm Thoma Bravo was negotiating the terms of a potential acquisition of the maker of call center software. Verint is working with an adviser, people familiar with the matter told Bloomberg.
Constellation Brands reported fiscal first-quarter earnings and sales that missed analysts' estimates and said its beer business experienced a net sales decrease of 2% that was "driven by a 3.3% decline in shipment volumes reflecting socioeconomic headwinds affecting consumer demand." The company earlier this year said Hispanic beer consumers had cut down on dining out and socializing, worried both about the economy and the administration's immigration crackdown. Shares rose 0.9%.
Paramount Global was rising 0.7% after agreeing in principle to pay $16 million to settle a lawsuit with President Trump over a "60 Minutes" interview with former Vice President Kamala Harris.
Greenbrier Cos. rose 13% in after-hours trading Tuesday after the railroad-equipment company reported fiscal third-quarter earnings and revenue that rose from a year earlier and raised its fiscal-year aggregate gross margin and operating margin guidance.
Uniform maker UniFirst is scheduled to report fiscal third-quarter earnings on Wednesday.