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Nvidia, Microsoft, Netflix and Domino’s rise premarket; Illumina falls

2023.07.12 08:36


© Reuters.

Investing.com — U.S. traded lower, with investors cautious ahead of the release of Federal Reserve meeting minutes from the June policy gathering.

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

  • Nvidia (NASDAQ:) stock rose 0.6% after the Financial Times reported that U.K.-based chip designer Arm is in negotiations with the U.S. chipmaker for it to be an anchor investor in Arm’s planned initial public offering.

  • Illumina (NASDAQ:) stock fell 0.2% after EU regulators hit the genetic sequencing equipment maker with a record €432 million (€1 = $1.1023) fine for closing its acquisition of cancer test developer Grail without first securing regulatory approval.

  • Netflix (NASDAQ:) stock rose 0.6% after UBS lifted its price target on the streaming giant by 35%, keeping a ‘buy’ rating, citing the recently announced restrictions on account sharing.

  • Microsoft (NASDAQ:) stock rose 0.4% after a federal court judge rejected U.S. antitrust concerns over the tech giant’s proposed megamerger with video game maker Activision Blizzard (NASDAQ:).

  • Amazon (NASDAQ:) stock rose 0.4% on the second day of the e-commerce giant’s 48-hour shopping event, known as Prime Day, which attempts to draw in U.S. customers with deep discounts.

  • Broadcom (NASDAQ:) stock rose 0.6% after the chipmaker secured EU antitrust approval for its $61 billion proposed acquisition of cloud computing firm VMware (NYSE:), up 2.3%, after offering remedies to help rival Marvell (NASDAQ:), up 0.7%.

  • Domino’s (NYSE:) stock rose 11.5% after the pizza firm announced a new agreement with Uber (NYSE:), up 0.9%, that will allow customers to order Domino’s products through the food delivery company’s apps.

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