Investing.com — U.S. stock futures rose on Tuesday after data showed that U.S. producer prices grew at a slower-than-expected pace in July, raising expectations that the Federal Reserve will cut interest rates possibly in September.
Here are some of the most significant changes in US stocks today:
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The actions of Home Depot (NYSE:) (HD) rose 1% despite the home improvement company cutting its profit forecast for the year, citing slower consumer spending on home improvement projects as the reason.
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The actions ofGeneral Motors (NYSE:) fell 0.6% as the automaker announced it was recalling 21,469 electric SUVs in the United States. The recall is due to a possible unintentional activation of the anti-lock braking system. The company will fix the problem with a software update sent over the air, according to the National Highway Traffic Safety Administration.
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The actionsde Trump Media & Technology (DJT) fell 3.1%, extending losses from the previous session after former President Donald Trump rejoined X, a social media platform formerly known as Twitter (NYSE:).
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The actionsde BuzzFeed (BZFD) soared 19% after the online media company reported a narrowing of its second-quarter net loss to $6.6 million from $22.5 million a year earlier.
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The actions ofOn Holding (ONON) rose 6% after the company reported second-quarter revenue that beat expectations. The strong results were attributed to strong customer interest in products associated with tennis star Roger Federer.
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B. Riley Financial (RILY) fell 12% after the financial services company announced a delay in filing its quarterly financial report with the U.S. Securities and Exchange Commission. This news added to the significant decline that occurred due to an anticipated loss for the second quarter.
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The actions ofTencent (HK:) Music Entertainment (TME) fell 15% after the company reported a decline in quarterly revenue. However, the decline was somewhat offset by an increase in the number of paying users of its music streaming services.
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The actionsthe Baxter (BAX) fell 6% after the investment firm announced that it would Carlyle Group (NASDAQ:) (CG) has agreed to acquire Baxter’s renal treatment division, Vantive, for $3.8 billion.
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The actionsthe starbucks (NASDAQ:) rose 20% after the company named Brian Niccol, current president and CEO of Chipotle Mexican Grill (NYSE:). Following this announcement, Chipotle shares fell by 10%.
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The actionsde Dell Technologies (DELL) rose 5% after Barclays (LON:) upgraded the company to equal weight from “underweight”. Analysts cited a significant decline in exaggerated expectations related to artificial intelligence that had previously influenced their bearish view.
Additional information from Louis Juricic
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