Stitch Fix, Ford, KB Home fall premarket; Trump Media rises

Investing.com -- US stock futures traded marginally lower Wednesday, slipping back from record levels ahead of more comments from a series of Fed officials.

Here are some of the biggest premarket US stock movers today: Nvidia (NASDAQ:NVDA ) stock fell 0.3% after the chip giant rose more than 3% in the previous session, buoyed by reports that CEO Jensen Huang was done selling Nvidia shares after offloading more than $700 million worth of shares under a trading plan. Stitch Fix (NASDAQ:SFIX ) stock slumped 26% after the online personal styling service reported a wider-than-expected loss for its fiscal fourth quarter and issued disappointing guidance. Ford (NYSE:F ) stock fell 2%, General Motors (NYSE:GM ) stock fell 3.3% and Rivian (NASDAQ:RIVN ) stock dropped 3.1% after Morgan Stanley cut its view on the auto industry, as well as downgrading the three companies. KB Home (NYSE:KBH ) stock fell 6.6% after the homebuilder reported third quarter earnings that missed expectations, as well as providing weaker-than-expected guidance. Progress Software (NASDAQ:PRGS ) stock rose 6.9% after the global software reported higher earnings in the fiscal third quarter, beating expectations, and raised its outlook for the year. Trump Media & Technology (NASDAQ:DJT ) stock rose 5.5%, bouncing after Republican candidate Donald Trump unveiled details on his economic plans for the country, including several new manufacturing proposals. KLA Corporation (NASDAQ:KLAC ) stock fell 0.4% after Oppenheimer initiated coverage of the capital equipment company with a “perform” rating, saying it is priced for perfection. SAP (NYSE:SAP ) ADRs fell 3.3% after it was reported that the U.S. Justice Department is investigating the German software developer.

Source: Investing.com