Nvidia, Alaska Air higher premarket; Moderna slips

Investing.com -- US stock futures moved higher on Thursday, pointing to an extension in a tech-fueled rally in stocks in the prior session.

By 07:00 ET (11:00 GMT), the Dow futures contract had added 81 points or 0.2%, S&P 500 futures had ticked up by 11 points or 0.2%, and Nasdaq 100 futures had gained 28 points or 0.2%.

Here are some of the biggest premarket US stock movers today: Nvidia (NASDAQ:NVDA ) shares pointed slightly higher. The artificial intelligence-darling's stock price surged in the prior session, powering a wider jump in technology firms. Moderna (NASDAQ:MRNA ) stock fell prior to the opening bell following its announcement of cuts to its research and development (R&D) budget. The drugmaker revealed at its annual R&D Day that it plans to reduce its R&D expenses by approximately $1.1 billion, lowering projected costs from $4.8 billion in 2024 to between $3.6 billion and $3.8 billion by 2027. Boeing (NYSE:BA ) shares were marginally lower. The planemaker could be facing a strike as soon as Friday should more than 30,000 of its workers in the US Pacific Northwest vote to begin a work stoppage and reject a tentative labor deal. The company had previously reached a tentative agreement for a 25% pay bump, along with a commitment to building a new plane in the Pacific Northwest, better retirement benefits and an increase to the union's input into jet quality. Alaska Air (NYSE:ALK ) shares climbed after the carrier reported an increase in its profit forecast for the current quarter thanks to an improvement in revenue and its fuel cost guidance. Caleres (NYSE:CAL ) slumped after the footwear firm posted lower-than-anticipated second-quarter sales and adjusted earnings per share. Fulcrum Therapeutics (NASDAQ:FULC ) dropped by almost 70% after it announced that its experimental drug to treat a type of muscle disorder failed to its main goal in a late-stage study. Netgear (NASDAQ:NTGR ) jumped by more 20% after the computer networking group improved its third-quarter revenue guidance in the wake of a patent settlement with TP-Link Systems. Oxford Industries (NYSE:OXM ) dropped following a cut by the apparel group to its annual adjusted earnings per share outlook. Signet Jewelers (NYSE:SIG ) shares gained after the diamond jewellery retailer's second-quarter profit came in above analysts' estimates.

Source: Investing.com