Stock index futures fell sharply on Tuesday, with Nasdaq futures bottoming the pack, a day after the stock market saw an AI-tech-driven rally. Here are four stocks to watch on the day:
Starbucks (SBUX) rose 0.2% in premarket trade as it agreed to sell a majority stake in its China business to private equity firm Boyu Capital at a $4 billion enterprise value. Under the terms of the deal, Boyu will hold up to a 60% stake in the venture, with Starbucks retaining the remainder.
Uber (UBER) was down 7.8% before the opening bell even after it beat on both the top and bottom lines in the third quarter, fueled by double-digit growth in rides and gross bookings that lifted the company to record profitability. The midpoint of the company’s profit guidance for the fourth quarter came in below Wall Street’s expectations.
Pfizer (PFE) fell 0.9% in premarket trade as it exceeded Street forecasts with its Q3 2025 results, thanks mainly to sales from its COVID-19 vaccine developed with BioNTech, and the company raised its full-year earnings outlook while reaffirming the revenue guidance. However, the New York-based pharma giant indicated a topline contraction of ~6% YoY with $16.7B of revenue.
Merck (MRK) rose 0.6% before the opening bell as it announced an agreement under which funds managed by Blackstone Life Sciences will provide the New Jersey-based pharma giant with $700M to advance a cancer therapy called sacituzumab tirumotecan.