(Updated – June 14, 2024 12:27 pm EST)
Investing.com – U.S. stock futures traded lower on Friday, falling from record highs as investors digested the Federal Reserve’s hawkish stance amid a cooling economy.
Here are some of the biggest players in the US stock market today:
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Adobe NASDAQ shares soared 14% after the software giant raised its revenue forecast for fiscal 2024, anticipating increased demand for its artificial intelligence software.
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Tesla (NASDAQ:) shares fell 2%, erasing yesterday’s gains, after the electric vehicle maker’s shareholders voted on a controversial $56 billion pay package for CEO Elon Musk and a reorganization of the Texas-based company.
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Sirius XM (NASDAQ:) Shares rose 1% despite news that Nasdaq said the shares would be removed from the exchange and replaced Hand Holdings (NASDAQ:), which added 0.8%.
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GameStop Shares (NYSE:) fell 3.6% after the video game retailer postponed its virtual annual shareholder meeting without any business due to technical difficulties.
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relative humidity (NYSE:) shares fell 18% after the furniture retailer reported a larger-than-expected first-quarter loss and forecast second-quarter sales that would come in below expectations.
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Wells Fargo Co. (WFC) fell 0.3% after the country’s third-largest bank fired more than a dozen employees for alleged “keyboard faking” – an attempt to trick the firm into thinking they were working.
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Hasbro Shares (NASDAQ:) rose 5% after Bank of America upgraded its investment position on the toy maker from neutral to buy, seeing much more upside potential for investors.
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Zscaler Shares (NASDAQ:) rose 1.4% after JPMorgan upgraded its rating on the cloud security company from “neutral” to “overweight,” saying it has strong future prospects.
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Homet Aerospace HWM (BMV:)) shares fell 6% after being given a ‘sell’ rating by Northcoast Research analysts.
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Royal Caribbean NYSE shares fell 5.75% amid concerns about soft prices. Carnival Corp.. (New York Stock Exchange:) and Norwegian Cruise Line (NYSE:) also declined.
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Gilead Sciences NASDAQ shares rose 2.8% amid rumors that the company has a secret program to combat obesity.
Additional reporting by Louis Juricic