Nike and Accolade fall premarket; Trump Media and Infinera rise

Investing.com — U.S. stock edged higher Friday, ahead of the release of key inflation data, which could guide future interest rate expectations.

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

• Nike (NYSE:) stock fell 15% after the sportswear retailer forecast revenue to fall by 10% in the current quarter. Sales in the ongoing fiscal year are also seen decreasing by a percentage in the mid-single digits.

• Trump Media & Technology Group (NASDAQ:) stock rose 11% after CNN’s flash poll showed that the Republican candidate has outperformed US President Joe Biden in the first presidential debate held on Thursday.

• Infinera (NASDAQ:) stock soared 18% after Nokia (HE:) announced plans to buy the U.S. optical networking gear maker in a $2.3 billion deal, putting the Finnish company on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence.

• Accolade (NASDAQ:) stock fell 29% after the healthcare company reported weaker-than-expected guidance for the upcoming quarter and fiscal year.

• Alphabet (NASDAQ:) stock fell 0.4% after Reuters reported that Italy is asking the tech giant’s Google unit to pay €1 billion ($1.07 billion) in unpaid taxes and penalties, seven years after the U.S. company settled a landmark tax dispute with Rome authorities.

• Moderna (NASDAQ:) stock rose 1.1% after the drugmaker’s respiratory syncytial virus (RSV) vaccine received a positive opinion from an advisory panel to the European Union’s medical regulator for adults aged 60 and older.

• Berkshire Hathaway (NYSE:) stock rose 0.3% after the investment conglomerate stated that legendary investor Warren Buffett will donate up to $5.3 billion of the company’s shares to five foundations.