Micron falls premarket; Darden Restaurants, CarMax and Accenture rise

Investing.com -- US stock futures rose Thursday, bouncing after the previous session’s sharp selloff in the wake of the Federal Reserve taking a more hawkish stance to interest rate cuts next year.

Here are some of the biggest premarket US stock movers today: Micron (NASDAQ:MU ) stock slumped 11% after the chipmaker offered up disappointing second-quarter guidance, expecting sales in that quarter to be around $7.9 billion, below consensus of $9 billion. Tripadvisor (NASDAQ:TRIP ) stock gained 11% after the online travel agency said it would buy Liberty TripAdvisor Holdings (OTC:LTRPA ) in a deal valued at about $435 million. Darden Restaurants (NYSE:DRI ) stock gained 9.3% after the restaurant operator posted fiscal second-quarter results ahead of expectations, with sales rising 6%, while adding upbeat guidance. CarMax (NYSE:KMX ) stock rose 6.9% after the used car retailer reported third-quarter earnings and revenue that topped analyst expectations, driven by increases in unit sales and strong margins. Accenture (NYSE:ACN ) stock gained 6.1% after the IT service provider beat estimates for first-quarter revenue, on the back of growing demand for its services to help clients adopt AI-powered tools. Lamb Weston (NYSE:LW ) stock slumped 20% after the frozen potato snacks maker trimmed its annual profit and sales forecasts, and also named insider Michael Smith to replace its CEO following pressure from activist investor Jana Partners. Amazon (NASDAQ:AMZN ) stock rose 1.5%, rebounding after falling almost 5% in the previous session, even as workers at seven US facilities chose to strike during the holiday shopping rush, aiming to pressure the retailer into contract talks with their union. Dollar Tree (NASDAQ:DLTR ) stock rose 1.1% after the discount store announced that interim CEO Michael Creedon would take on the role full-time.

Source: Investing.com