CVS Health, Estee Lauder, AMD, Match Group fall premarket; Kraft Heinz rises
Investing.com — U.S. futures retreated Wednesday, as investors started the month cautiously ahead of the conclusion of the latest two-day policy meeting of the U.S. Federal Reserve.
Here are some of the biggest premarket U.S. stock movers today:
CVS Health (NYSE:CVS) stock fell 2.5% after the drugstore chain reported higher-than-expected medical costs at its insurance unit, even as it beat estimates for quarterly profit.
Estee Lauder (NYSE:EL) stock fell 13% after the cosmetics company lowered its full-year outlook on Asian headwinds.
Yum! Brands (NYSE:YUM) stock fell 0.8% after the parent of several fast food chains reported quarterly revenue that fell short of expectations, with Pizza Hut’s same-store sales growth weaker than expected.
Kraft Heinz (NASDAQ:KHC) stock rose 0.8% after the food giant beat expectations for third-quarter profit and raised its annual forecast as its margins benefited from higher prices of its packaged meals and condiments.
Advanced Micro Devices (NASDAQ:AMD) stock fell 1.6% after the chipmaker reported a weaker-than-expected current quarter that overshadowed third-quarter results that beat Wall Street estimates.
Match Group (NASDAQ:MTCH) stock fell 9.1% after the Tinder-owner forecast fourth-quarter revenue below estimates, as stubborn inflation and unrest in some markets weigh on growth at some of its major dating platforms.
Canada Goose (NYSE:GOOS) stock fell 10% after the winter wear retailer cut its annual sales forecast, in a sign that a sharp rebound in China was starting to falter and sales in the U.S. stayed under pressure.
Wayfair (NYSE:W) stock fell 13% after the online furniture retailer reported a narrowing of losses during its fiscal third quarter but sales came in a bit lower
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