Nike and Accolade fall premarket; Trump Media and Infinera rise

Nike and Accolade fall premarket; Trump Media and Infinera rise

Investing.com -- U.S. stock futures edged higher Friday, ahead of the release of key inflation data, which could guide future interest rate expectations.

Here are some of the biggest premarket U.S. stock movers today:

Nike (NYSE:NKE) stock fell 15% after the sportswear retailer forecast revenue to fall by 10% in the current quarter. Sales in the ongoing fiscal year are also seen decreasing by a percentage in the mid-single digits.

Trump Media & Technology Group (NASDAQ:DJT) stock rose 11% after CNN’s flash poll showed that the Republican candidate has outperformed US President Joe Biden in the first presidential debate held on Thursday.

Infinera (NASDAQ:INFN) stock soared 18% after Nokia (HE:NOKIA) announced plans to buy the U.S. optical networking gear maker in a $2.3 billion deal, putting the Finnish company on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence.

Accolade (NASDAQ:ACCD) stock fell 29% after the healthcare company reported weaker-than-expected guidance for the upcoming quarter and fiscal year.

Alphabet (NASDAQ:GOOGL) stock fell 0.4% after Reuters reported that Italy is asking the tech giant’s Google unit to pay €1 billion ($1.07 billion) in unpaid taxes and penalties, seven years after the U.S. company settled a landmark tax dispute with Rome authorities.

Moderna (NASDAQ:MRNA) stock rose 1.1% after the drugmaker’s respiratory syncytial virus (RSV) vaccine received a positive opinion from an advisory panel to the European Union’s medical regulator for adults aged 60 and older.

Berkshire Hathaway (NYSE:BRKa) stock rose 0.3% after the investment conglomerate stated that legendary investor Warren Buffett will donate up to $5.3 billion of the company's shares to five foundations.