(Updated: May 31, 2024 11:39 am EST)
Investing.com – U.S. stock futures fell on Friday despite inflation data for April, as disappointing earnings from big technology companies weighed on sentiment.
Here are some of the biggest players in the US stock market today:
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Dell Technologies (NYSE:) shares fell 21% after the technology group issued lower-than-expected earnings guidance for the current quarter and indicated that higher costs to build servers to run artificial intelligence workloads would weigh on full-year margins .
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Gap GPS shares jumped 25% after the clothing retailer raised its full-year sales forecast, the latest sign that its turnaround strategy is starting to work.
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Nordstrom Shares (NYSE:) rose 4% after the department store chain reported a wider-than-expected loss in the first quarter, although revenue topped estimates.
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Zscaler (NASDAQ:) shares rose 6% after the cloud security company reported strong quarterly earnings and also raised its forecasts.
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MongoDB (NASDAQ:) (MDB) fell 25% after the database software maker issued weak guidance for the quarter and cut its forecast for the full fiscal year.
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Trump Media and Technology Group (DJT) fell 5% after the media technology company majority-owned by Donald Trump after a New York jury found the former US president guilty in a high-profile hush money trial.
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Marvell NASDAQ shares fell 12% after the chipmaker missed first-quarter revenue expectations due to weak customer spending in the wireless carrier and enterprise markets.
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Costco wholesale (NASDAQ:) shares fell 2% after the warehouse retailer decided not to raise membership fees, eclipsing fiscal third-quarter earnings, revenue and same-store sales that beat forecasts.
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Ambarella (NASDAQ:) shares rose 20% after the semiconductor company reported a smaller-than-expected loss for the first quarter of fiscal 2025 and provided an upbeat earnings outlook for the second quarter.
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Flutter Entertainment FLUT shares rose 1% after the gaming firm announced the departure of group finance director Paul Edgecliffe-Johnson.
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Caesars (NASDAQ:) Entertainment (CZR) rose 12% after Bloomberg reported that activist investor Carl Icahn had acquired a significant stake in the casino company.
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Veeva Systems (NYSE:) fell 11% after cutting its full-year revenue forecast due to macroeconomic concerns.
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SentinelOne Inc. (NYSE:) fell 16% after cutting its full-year revenue forecast. Analysts remain bullish on the title, but say the results will leave it in the penalty box in the near future.
Additional reporting by Louis Juricic