Investing.com – U.S. stock futures rose on Friday after the Commerce Department released inflation data hinting at further cooling, fueling hopes the Federal Reserve will cut interest rates starting in September.
Here are some of the biggest players in the US stock market today:
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Nike (NYFB:) NKE shares fell 19% after the sportswear retailer forecast revenue would fall 10% in the current quarter. Sales are also expected to decline by a mid-single digit percentage in the current fiscal year.
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Trump Media and Technology Group Shares (DJT) fell 1.7% despite CNN’s flash poll showing the Republican nominee topping US President Joe Biden in Thursday’s first presidential debate.
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Infinera NASDAQ shares: soared 18% after Nokia (HE:) has announced plans to buy a US optical networking equipment maker for $2.3 billion, allowing the Finnish company to benefit from billions of dollars of investment pouring into data centers to cater to the rise of artificial intelligence.
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Praise ACCD shares fell 43% after the healthcare company reported weaker-than-expected guidance for the upcoming quarter and fiscal year.
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Alphabet (NASDAQ:) shares fell 0.8% after Reuters reported that Italy is demanding a unit of tech giant Google pay 1 billion euros ($1.07 billion) in unpaid taxes and fines, seven years after it How an American company settled a landmark tax dispute with the authorities of Rome. Rosenblatt analysts also downgraded the stock to neutral from buy.
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Moderna (NASDAQ:) Shares of (MRNA) fell 1% despite news that 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 over.
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Berkshire Hathaway (NYSE:) shares fell 0.25% after the investment conglomerate said legendary investor Warren Buffett would donate up to $5.3 billion of the company’s shares to five funds.
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Humana (New York Stock Exchange:) and United Health Group (NYSE:) rose after analysts said Trump’s strong performance in last night’s presidential debate bodes well for managed care companies given the potential for an improving regulatory environment. HSA Holdings (New York Stock Exchange:), Total Health (NYSE:) and other health care providers refused.
Additional reporting by Louis Juricic