Stocks Slip Ahead of Nvidia Shareholder Meeting

Stocks Making the Biggest Moves in Early Trading
21 minutes ago

Gains:

Rivian (RIVN): Rivian shares were up over 29%, continuing a rise that started in extended trading Tuesday after announcing it had secured a $5 billion investment from German automotive giant Volkswagen.
FedEx (FDX): The package shipping giant jumped more than 12% after reporting an earnings beat in results released after the bell Tuesday, with the company’s plan to cut costs to handle decreased demand from the pandemic peak paying off.
Vista Outdoor (VSTO): Shares of the company behind outdoor and firearm brands like Camelbak and Remington rose 9% on the news that MNC Capital raised its takeover offer to $3.2 billion, contending with another offer from the Czechoslovak Group of $2 billion for The Kinetic Group, one of Vista’s subsidiaries.

Losses:

General Mills (GIS): Shares of the snack food and cereal giant fell more than 4% following the release of an earnings report with sales projections below expectations.
Sanofi (SNY): The French pharmaceutical giant fell 3% after reports emerged Tuesday that it is looking to sell or spin off its consumer health division that sells products like Icy Hot.
Trump Media (DJT): Shares of the former president’s media company extended a volatile stretch, falling 2% Wednesday morning after gaining 8.5% Tuesday ahead of the first presidential debate set for Thursday night.

Stock Futures Fall Ahead of Nvidia Shareholder Meeting
1 hr 12 min ago

Futures contracts connected to the Dow Jones Industrial Average were down 0.2% in early trading on Wednesday.

S&P 500 futures fell 0.2%.

Nasdaq 100 futures also traded 0.2% lower.