Nvidia, US Steel and JetBlue rise premarket; ChargePoint falls

Investing.com -- U.S. stock futures traded in tight ranges Thursday, steadying ahead of the release of more key labor market data to guide future Federal Reserve monetary policy moves.

Here are some of the biggest premarket U.S. stock movers today Nvidia (NASDAQ:NVDA ) stock rose 0.4% after falling more than 11% during the past two sessions, with the AI chip firm stating on Wednesday it did not receive a U.S. Justice Department subpoena. United States Steel (NYSE:X ) stock rose 2.1%, bouncing after 17% losses the prior session, following reports US President Joe Biden is set to block its proposed $14.9 billion takeover by Japan's Nippon Steel due to national security concerns. Frontier Communications (OTC:FTRCQ ) stock fell 9.7%, following the previous session’s 37% gains, after Verizon (NYSE:VZ ), up 1.2%, said it is planning on buying the company, marking a deal that would help boost the telecom giant’s fiber network. C3.ai (NYSE:AI ) stock fell 19% after the AI software firm missed quarterly subscription revenue estimates as enterprises tightened spending amid economic uncertainties. Tesla (NASDAQ:TSLA ) stock rose 2.9% after Reuters reported that the EV manufacturer plans to make a six-seat variant of its Model Y car in China from late 2025. ChargePoint (NYSE:CHPT ) stock fell 7.2% after the EV-charging company reported a slide in Q2 sales, as well as soft guidance, and announced plans to cut 15% of its workforce. Nio (NYSE:NIO ) stock rose 3.8% after the EV manufacturer reported better-than-expected Q2 earnings as deliveries hit a record high. Honeywell (NASDAQ:HON ) stock fell 0.3% after the conglomerate announced insider Mike Stepniak its new chief financial officer as incumbent Greg Lewis has decided to step down from the role. JetBlue (NASDAQ:JBLU ) stock rose 4.4% after the airline lifted its third-quarter revenue forecast, owing to strong travel demand during the summer season.

Source: Investing.com