U.S. stock futures ticked up on Wednesday as investors weighed the implications of the latest jobs data for Federal Reserve policy and the broader health of the economy.
Focus remains on economic data, interest rates, and earnings, with global markets also reacting to developments across Europe and Asia.
Here are some of Wednesday’s biggest stock movers:
Biggest stock gainers
- Micron Technology (MU) +3.3% – Shares rose after Wells Fargo said Micron Technology (MU) is likely to benefit as the dynamic random access memory industry is set to grow more than 100% year-over-year. TrendForce has increased their total CY25 and CY26 DRAM industry revenue estimates—now estimating $165.7B (+73% y/y) and $333.5B (+101% y/y), respectively, Wells Fargo analyst Aaron Rakers wrote in a note to clients.
- Netflix (NFLX) +1.8% – Shares advanced following media reports that Warner Bros. Discovery (WBD) intends to rebuff Paramount Skydance’s hostile bid and proceed with Netflix’s initial proposal. The reports suggested Warner Bros. would reject the offer as soon as Wednesday due to concerns about the terms, including those for financing, and that the board sees “greater value” in Netflix’s offer.
- Amazon (AMZN) +1.2% – Shares advanced after reports that OpenAI is in preliminary discussions to secure at least $10 billion in funding from Amazon. According to a source familiar with the private discussions, OpenAI could be valued at over $500 billion in a deal that would also involve the company using Amazon’s own Trainium AI chips. However, the source noted that these talks are still in the early stages and the final terms could change.
Biggest stock losers
- The Children’s Place (PLCE) -33% – Stock fell after the company posted weak third-quarter results, with both revenue and profit missing analyst expectations. CEO Muhammad Umair said results reflect the challenges the company is experiencing in its e-commerce business, with periods of high volatility as it implements a strategic transformation.
- Worthington Enterprises (WOR) -9% – Shares fell as profit missed estimates even as revenue surpassed expectations. CEO Joe Hayek said strong growth in building products drove higher sales and earnings, while the consumer products team delivered steady results in a cautious consumer environment.
- Lennar (LEN) -3.7% – Stock slipped after the homebuilder issued soft guidance of Q1 2026 new orders average sales price after Q4 2025 earnings fell short of the Wall Street consensus. The company expects Q1 new orders of 17,000-18,000 homes, vs. the Visible Alpha estimate of 20,189, at an average sales price of $365K-$375K vs. the Visible Alpha consensus of $378K.