Stock futures edged higher during Wednesday’s session after the Core CPI cooled more than expected in June, raising investor hopes that the Fed’s monetary tightening cycle is coming to an end.
Here are some of Wednesday’s biggest gainers and losers:
Biggest stock gainers
Domino’s Pizza ( NYSE: DPZ nearly 9% after the company entered into a new global delivery agreement with Uber Technologies (UBER). The initial U.S. rollout of the agreement will begin in the fall in four pilot markets, with ordering on the Uber Eats and Postmates apps anticipated to be enabled across the country by the end of 2023.
after the company entered into a new global delivery agreement with Uber Technologies (UBER). The initial U.S. rollout of the agreement will begin in the fall in four pilot markets, with ordering on the Uber Eats and Postmates apps anticipated to be enabled across the country by the end of 2023. Coty ( NYSE: COTY surged 7.5% on news that Kim Kardashian is in talks to buy back the 20% stake in her beauty brand that she sold to the company three years ago. She wants the stake back in order to expand SKKN’s beauty categories.
Biggest stock losers
Silk Road Medical ( NASDAQ: SILK plunged more than 20% in premarket activity. The movement is thought to be related to coverage concerns following a proposed decision on stents by the Centers for Medicare & Medicaid Services.
in premarket activity. The movement is thought to be related to coverage concerns following a proposed decision on stents by the Centers for Medicare & Medicaid Services. Shares of Acadia Healthcare ( NASDAQ: ACHC more than 5% after a New Mexico jury ordered it to pay $80 million in compensatory damages and $405 million in punitive damages. The company is evaluating all legal options and intends to challenge this verdict.
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