Stock futures traded mostly lower Tuesday as investors took a breather following a record-breaking rally.
These stocks were poised to move Tuesday:
UnitedHealth on Tuesday raised its annual profit forecast after reporting better-than-expected quarterly earnings as the U.S. health insurer kept medical costs in check. UnitedHealth shares gained 4% in premarket.
PayPal has signed a deal with OpenAI to have its digital wallet embedded into ChatGPT so users can pay for items found through the leading consumer AI tool, CNBC reported. PayPal shares jumped 12% in premarket trading.
UPS forecast fourth-quarter revenue above Wall Street's estimates on Tuesday, banking on price increases to offset soft business-to-business demand in the U.S. The company projected revenue to be about $24 billion. Analysts' on average were expecting quarterly revenue of $23.8 billion, according to data compiled by LSEG. Shares of the company were up 20.7% in premarket trading.
Newmont Mining stock dropped 3.8%. The gold miner has closed lower for two straight sessions due to a sharp decline in the price of gold, putting an end to the fantastic run the precious metal has had in 2025.
Qorvo shares jumped 9.7% after the Information reported that Apple supplier Skyworks Solutions had held talks to buy the rival smartphone chip maker. Skyworks stock was 2.3% lower ahead of the U.S. open.
Qualcomm climbed 0.2% in premarket trading after shares of the chip maker finished the previous session up 11% at $187.68, the stock's highest close since late July 2024, according to Dow Jones Market Data. Shares were lifted by Qualcomm's announcement that it would be supplying its new artificial-intelligence accelerator chips to Saudi Arabia's Humain venture, which is building a large AI network. Qualcomm plans to deploy 200 megawatts worth of Qualcomm AI AI200 and AI250 rack solutions in Saudi Arabia and around the world beginning next year.
Qualcomm's new AI accelerators compete with systems from Nvidia and Advanced Micro Devices. Both stocks were unmoved by Qualcomm's announcement, with each closing up nearly 3% on the day.
U.S.-listed shares of Novartis AG declined 2.8% after third-quarter earnings from the Swiss drugmaker disappointed.
Cadence Design Systems reported third-quarter adjusted earnings that beat analysts' estimates as revenue rose 10% from a year earlier to $1.34 billion and topped forecasts of $1.32 billion. The company's adjusted operating margin was 47.6% for the third quarter, better than estimates and up 44.8% from a year earlier. Cadence Design also raised fiscal-year guidance, but the stock fell 1.7% in the premarket session.
NXP Semiconductors NV climbed 1.4%. The company's third-quarter earnings missed Wall Street forecasts but revenue of $3.17 billion beat estimates of $3.16 billion. NXP said it expects fourth-quarter earnings of $3.07 to $3.49 a share versus consensus of $3.28.
NextEra Energy stock climbed 2.5% after Alphabet's Google agreed to buy power from a shuttered nuclear reactor that is majority-owned by the company.