U.S. stocks pointed lower ahead of the open Tuesday as focus shifted from
Apple
‘s mixed-reality headset launch to broader market factors, such as the Federal Reserve’s next move on interest rates.
These stocks are moving the most early Tuesday:
Shares in
Gitlab
(GTLB) surged 26% in premarket trading after the software company beat earnings expectations in its fiscal first quarter, provided upbeat guidance, and said customers were looking to its AI-powered platform.
Unity Software
(U) stock was more than 5% higher after Apple announced it was working with the game developer on its new headset, at its Worldwide Developers Conference Monday. The stock climbed 17% Monday after the announcement.
Sprinklr
(CXM) stock climbed more than 5% as the enterprise cloud-software company beat analysts’ estimates in its fiscal first quarter and provided better-than-expected full-year profit and revenue forecasts.
Apple
(AAPL) stock pointed around 0.5% lower ahead of the open, after reaching a new intraday record high Monday, as the company unveiled a new mixed-reality headset at its Worldwide Developers Conference. The stock fell in afternoon trading Monday and looked set to fall further Tuesday.
Spotify
(SPOT) stock rose 1% after the audio-streaming service announced plans Monday to cut 200 jobs, around 2% of its total workforce, from its podcast division. The company cut 600 jobs earlier this year as part of a restructuring.
Write to Callum Keown at [email protected]
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