Salesforce, Dollar Tree, Okta rise premarket; Foot Locker slumps

Investing.com -- US stock futures rose Wednesday, ahead of the release of key economic data as well as commentary from central bank officials including Chair Jerome Powell.

Here are some of the biggest premarket US stock movers today: Salesforce (NYSE:CRM ) stock soared almost 13% after the enterprise cloud company beat estimates for third-quarter revenue and raised the lower end of its annual revenue forecast. Dollar Tree (NASDAQ:DLTR ) stock rose 5.1% after the discount retailer reported third-quarter earnings and revenue that exceeded expectations, driven by strong same-store sales growth across its major brands. Foot Locker (NYSE:FL ) stock slumped 16% after the footwear retailer cut its annual earnings and sales forecasts as its fiscal third quarter disappointed on softer consumer spending trends. Marvell (NASDAQ:MRVL ) stock gained 12% after the chipmaker forecast fourth-quarter revenue above analyst estimates, pointing to strong AI chip demand. Okta (NASDAQ:OKTA ) stock soared 14% after the digital identity verification firm reported a third-quarter profit versus a year-ago loss, with 15% of its bookings coming from new products. General Motors (NYSE:GM ) stock fell 1.1% after the auto giant stated it would record two non-cash charges totaling more than $5 billion on its joint venture in China. JetBlue (F:JBLU ) stock rose 4.6% after the budget airline raised its guidance for the fourth quarter and full year after a better-than-expected performance in November and high demand in December. Eli Lilly (NYSE:LLY ) stock rose 1.1% after the drugmaker said its Zepbound weight-loss drug was more effective than rival Novo Nordisk’s Wegovy in a head-to-head study. Unitedhealth (NYSE:UNH ) stock fell 0.8% after the health insurer forecast medical costs for 2025 above expectations as it expects high demand for healthcare services in its government-backed insurance businesses to persist.

Source: Investing.com