Ford, Activision, Alibaba, U.S. Steel, Scholastic, and More Stock Market Movers

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Stock futures were slightly higher later Friday.

S&P 500
It fell 1.6% on Thursday, its worst day since March, as investors reacted to signals from the Federal Reserve that it could keep interest rates on hold for longer.

These stocks were set to make moves on Friday:

Ford

(F) increased by 0.3%;

General Motors

(GM) gained 0.7%, and

Stellar

( STLA ) fell 0.5% after the United Auto Workers union threatened to expand a strike at the Big Three automakers on Friday if no substantive progress was made in negotiations. The union began a limited strike at one of the automaker’s facilities a week ago.

Microsoft
S

(MSFT) to get $75 billion

Activision Blizzard

(ATVI) is close to being cleared after the UK’s antitrust authority said a newly structured deal would effectively address concerns over cloud gaming.

Microsoft

Shares rose 0.4%

Activation

It increased by 1.8%.

American depositary receipts

Ali Baba

(BABA) was increasing by 4.5%, and

JD.com

(JD) gained 3.5%. A Bloomberg report says China is considering relaxing rules limiting foreign ownership in publicly traded domestic companies.

VinFast Auto

(VFS), a Vietnamese electric-vehicle maker, reported a loss of $526.7 million in the second quarter, down 8 percent from a year earlier. The company said it delivered 9,535 vehicles in the second quarter; This is up from 1,789 a year ago. The stock was up 0.3 percent in premarket trading.

Oracle

(ORCL) reiterated Thursday that its revenue will reach $65 billion in fiscal 2026.

Oracle

Forecast of operating margins of 45% and annual earnings per share growth of at least 10% by FY2026. “We are confident that we are on track to achieve these goals,” he said. Oracle shares rose 0.6 percent in premarket trading.

United States Steel

(X) rose 1.5% after the Bloomberg report.

Stelco Holdings
,

Canada’s largest steel producer sought a bid to acquire an American steel producer.

American steel

The offer to download from has been rejected

Cleveland-cliffs

(CLF) in mid-August.

Scholastic

( SCHL ) was sinking 19 percent in premarket trading after the children’s book publisher reported a first-quarter adjusted loss of $2.20, which was wider than analysts’ estimates of a loss of $1.35. Revenue of $228.5 million was down from $262.9 million a year earlier and missed forecasts of $268.8 million.

Scholastic

He said he will report a loss in the first quarter when schools are out.

Wayfair

(W) was up 2.7% to $62.19 in premarket trading after Bernstein upgraded shares of the online furniture retailer to market perform from underperform, raising his price target to $65 from $60.

Write to Joe Woelfel at [email protected]