
Luis Alvarez
Stock index futures were higher on Wednesday, a day after Wall Street closed in the red, driven by a tech selloff, while investors looked forward to more labor data slated to come later in the day. Here are four stocks to keep an eye on:
Intel (INTC) shares were down 0.8% in premarket trade as its new CEO is weighing potentially ending the marketing of its 18A chip-making technology to new clients in an effort to woo bigger customers. The company’s board may not decide on the matter until its meeting in the fall, given the complexity of the issue and the enormous money at stake.
Baidu (BIDU) stock was up 0.4% in premarket trade as the firm looks to ride on the AI wave. The company said it is overhauling its search engine with AI features and voice functionality. The Chinese internet search giant is looking to make its mobile app more like an AI chatbot, which can help users with tasks such as writing, drawing, and trip planning.
JPMorgan Chase (JPM) shares will be in focus as it plans to boost its quarterly dividend to $1.50 per share for Q3 2025 from its current $1.40 per share and authorized stock buybacks up to $50B. The move comes after the bank received its Federal Reserve stress test results. Other bank stocks will also be under the spotlight following the results.
Organon (OGN) stock fell 1.5% in premarket trade after it said it will discontinue a clinical development program for OG-6219, its experimental therapy targeting endometriosis-related pain, after the treatment failed to reach the main goal in a mid-stage trial.
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