© Reuters.
Investing.com -- U.S. inched lower Thursday, consolidating after recent gains and ahead of the release of a deluge of economic data and corporate earnings.
Here are some of the biggest premarket U.S. stock movers today:
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Walmart (NYSE:) stock fell 6.2% after the retail giant warned about the pressure on consumers heading into the important holiday season, offsetting a profit and sales beat for the third quarter.
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Macy’s (NYSE:) stock rose 9.8% after the department store chain reported a big fiscal third-quarter profit beat, helped by an improvement in margins, and nudged up its full-year outlook.
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Alibaba (NYSE:) ADRs dropped 7.5% after the Chinese e-commerce giant decided not to go ahead with a full spin-off of its key cloud unit, citing the impact of enhanced U.S. controls on exports of advanced computing chips and semiconductor manufacturing equipment to China.
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Cisco (NASDAQ:) stock slumped over 10% after the tech company cut its full-year revenue and profit forecasts in a sign that demand for its networking equipment was slowing.
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Palo Alto Networks (NASDAQ:) stock fell 5.8% after the cybersecurity company issued second-quarter and full-year billing guidance below estimates after posting solid first-quarter results.
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Bath & Body Works (NYSE:) stock fell 3.1% after the retailer lowered its annual sales forecast on signs of slowing demand ahead of the crucial holiday season.
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Catalent (NYSE:) stock rose 1.7% after Baird upgraded its stance on the pharmaceutical company to ‘outperform’ from ‘neutral’, saying its valuation was now attractive.
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Eli Lilly (NYSE:) stock rose 0.5% after Reuters reported that the U.S. pharmaceuticals company plans to build a new plant in western Germany.
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