Pre-market stock movements are driven by overnight news, earnings reports, analyst ratings, and geopolitical events, with positive developments like revenue beats and acquisitions typically causing stock price increases while negative news such as operating losses can lead to declines.
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Pre-Market Fly By for Wednesday, May 13th: Breaking Stock Market News!Added:
Welcome to the pre-market flyby for Wednesday, May 13th. US stock futures rose in early trading, recovering some of yesterday's losses as investors await producer prices data for April and updates from President Trump's China visit. Nvidia is up 2% as their CEO, Jensen Huang, reportedly joined President Trump on his visit to China following a last-minute request to join the president and other CEOs on the trip. Alibaba is down 3% after posting their first operating loss since the COVID pandemic, underscoring how much China's e-commerce leader is spending on AI initiatives. Arterra's is up 12% after their first-quarter revenue beat estimates and the company raised their full-year revenue guidance. EOS Energy has jumped 30% after the energy storage company reported Q1 revenue that beat expectations. And Orla Mining is up 3% after Equinox Gold agreed to acquire the company in a cash and stock deal valuing the Canadian miner at about $5.1 billion.
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