Tesla, Walt Disney and Spirit Airlines fall premarket; Instacart rises

investing.com:

Investing.com — U.S. futures slipped lower Wednesday on concerns that interest rate cuts by the Federal Reserve could be further away than earlier anticipated.

Here are some of the biggest premarket U.S. stock movers today:

Walt Disney (NYSE:DIS) stock fell 0.8% after the entertainment giant rejected nominees to its board of directors put forward by activist investors, saying the current leadership team has made «considerable» progress in executing a sweeping overhaul of the company.

Tesla (NASDAQ:TSLA) stock fell 1.2% after the electric vehicle manufacturer cut prices of its Model Y cars in Germany, where it lost the spot as top electric vehicle seller to Volkswagen (ETR:VOWG_p) in 2023, a week after it reduced its Model 3 and Model Y prices in China.

Spirit Airlines (NYSE:SAVE) stock fell 20%, continuing the previous session’s slump, after a U.S. judge blocked JetBlue (NASDAQ:JBLU), down 1.8%, from acquiring the carrier, citing competition issues.

Charles Schwab (NYSE:SCHW) stock rose 1.2% after the broker’s fourth-quarter profit beat expectations, even as it dropped by around a half, although its revenue fell slightly short.

Interactive Brokers (NASDAQ:IBKR) stock fell 3.1% after the financial services company posted downbeat fourth-quarter revenue.

Manchester United (NYSE:MANU) stock fell 0.9% after the English soccer club lowered its full-year revenue and profit forecasts as a result of being knocked out of this season's European Champions League football tournament.

Alibaba (NYSE:BABA) ADRs fell 2.8%, JD (NASDAQ:JD) ADRs dropped 4.3% and Baidu (NASDAQ:BIDU) stock fell 4.7%, with the Chinese e-commerce giants hit by the weaker than expected growth data.

Instacart (NASDAQ:CART) stock rose 3% after Wolfe