Investing.com -- U.S. stock futures retreated Thursday after the Federal Reserve cut rates as expected, and the quarterly earnings season dwindles to a close.
Here are some of the biggest premarket U.S. stock movers today:
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Oracle (NYSE:ORCL) stock slumped 12% after the cloud-computing group issued a sales and profit forecast which missed Wall Street expectations, adding that spending would also increase by $15 billion versus prior estimates, exacerbating growing worries that massive expenditures on AI may not generate the type of immediate returns hoped for by investors.
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Adobe Systems (NASDAQ:ADBE) stock fell 0.6%, dragged lower by the weak general sentiment despite issuing a better-than-expected annual revenue and profit guidance, in a sign that the Photoshop-maker may be benefiting from a push to monetize its AI-enhanced offerings.
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Eli Lilly (NYSE:LLY) stock rose 1.6% after the drugmaker said its next-generation obesity drug helped patients lose an average of 28.7% of their weight in a late-stage trial, outperforming its blockbuster drug Zepbound.
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Broadcom (NASDAQ:AVGO) stock fell 1.4% ahead of the release of the semiconductor’s quarterly earnings after the close, with Mizuho expecting it to report $86.9 billion in revenue and $9.34 in EPS for fiscal 2026, with AI revenue of $41.1 billion, above consensus.
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Gemini Space Station (NASDAQ:GEMI) stock soared 14% after the cryptocurrency exchange’s application for a derivatives exchange was approved by the Commodity Futures Trading Commission, in a move that will allow the company to join the fast-growing field of prediction markets.
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Oxford Industries (NYSE:OXM) stock slumped 22% after the apparel company, which owns brands such as Tommy Bahama and Lilly Pulitzer, cut its earnings forecast for the full year, citing a "softer than planned" start to the holiday season.
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Planet Labs (NYSE:PL) stock gained 17% after the company reported better-than-expected third quarter results, as demand for its satellite imaging and AI-enabled monitoring solutions drove strong growth.
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Ciena (NYSE:CIEN) stock gained 8.3% after the networking equipment provider reported fiscal fourth-quarter earnings that significantly exceeded analyst expectations, driven by strong demand from cloud providers and growing opportunities in AI infrastructure.
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Manchester United (NYSE:MANU) stock fell 4.2% after the English soccer club swung to a first-quarter net loss, weighed by lower broadcasting revenue and ticket sales as the club sits out European competitions this season.
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