Shutterstock tumbles premarket; Intuitive Machines, Grindr rally

Investing.com - U.S. stock futures pointed lower on Wednesday as investors awaited fresh remarks from Federal Reserve Chair Kevin Warsh and monitored uncertain peace talks between the United States and Iran.

By 08:05 ET, the Dow futures contract had fallen 0.3%, S&P 500 futures had dropped 0.36%, and Nasdaq 100 futures had slipped 0.5%.

Technology, aerospace and consumer stocks were among the key movers in premarket trading as investors reacted to analyst actions, deal announcements and contract awards.

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

Shutterstock shares plunged 28% after Getty Images abandoned its planned merger with the company, citing regulatory conditions imposed by the U.K.'s Competition and Markets Authority that it deemed unacceptable.

Intuitive Machines climbed 7.4% after the space infrastructure company said NASA had awarded it a contract worth up to $148.3 million to deliver a production-line-qualified Nova-C lunar lander by 2028. The award marks the company's sixth task order under NASA's Commercial Lunar Payload Services program.

Grindr surged 7.6% after Morgan Stanley upgraded the LGBTQ+ dating platform to Overweight from Equalweight and raised its price target to $18 from $15, citing strong user engagement and an improving product-led growth strategy.

Klarna Group gained 6% after a Swedish court awarded its subsidiary, PriceRunner, approximately $1.97 billion in antitrust damages in a case involving Alphabet's Google, ruling that the search giant had unfairly favored its own comparison-shopping service.

Oklo advanced 4.8% after the U.S. Department of Energy approved the Documented Safety Analysis for the Groves Isotope Test Reactor, moving the project into its final pre-startup review stage ahead of a targeted July 2026 startup.

ServiceNow rose 4% after Guggenheim upgraded the enterprise software company to Buy from Neutral, arguing its premium valuation is supported by durable recurring revenue growth.

Nike fell nearly 4% after the sportswear giant forecast that sales would continue to decline during the first half of fiscal 2027, overshadowing better-than-expected fourth-quarter revenue and raising fresh concerns about the pace of its turnaround.

Alcoa slipped 4.7% after agreeing to acquire South32's bauxite, alumina and aluminum assets for $4.1 billion in a deal that significantly expands the miner's global operations.

You May Also Be Interested In

• Intel mulls partnership for Ohio chip fab, SK Hynix among candidates - report
• Palo Alto Networks CEO calls OpenAI-Hugging Face hack ’next level’
• Paramount gets EU approval for Warner Bros takeover despite US suit