GameStop, Trump Media & Technology slips premarket; Dave & Buster’s rises

Investing.com — US stock futures dipped on Wednesday, as investors gauged the outcome of a heated debate between presidential candidates Donald Trump and Kamala Harris and looked ahead to the release of fresh US inflation data that could factor into the Federal Reserve’s upcoming monetary policy.

By 07:53 ET (11:53 GMT), the Dow futures contract had fallen by 106 points or 0.3%, S&P 500 futures had dipped by 5 points or 0.1%, and Nasdaq 100 futures had slipped by 36 points or 0.2%.

Here are some of the biggest premarket US stock movers:

GameStop‘s (NYSE:GME) stock price fell by more than 9% after the video game retailer said it would issue more shares despite posting a slide in second-quarter revenue. The company, which has become known as a focal point of the “meme-stock” craze at the beginning of the decade, said that it would use the proceeds from issuing up to 20 million new shares to fund “general corporate purposes,” including potential “acquisitions and investments in a manner consistent with our investment policy.”
Shares in Trump Media & Technology (NASDAQ:DJT) slumped after the debate between Trump and Harris.
Shares in lithium-related stocks jumped on Wednesday after analysts reported that Chinese electric vehicle battery maker Contemporary Amperex Technology is mulling a possible suspension to its massive lepidolite mine in eastern China. US-listed shares in Arcadium Lithium (NYSE:ALTM), Lithium Americas (NYSE:LAC), and Albemarle (NYSE:ALB) jumped prior to the opening bell on Wall Street.
Shares in Dave & Buster’s (NASDAQ:PLAY) surged after the restaurant group posted better-than-anticipated second-quarter profit and delivered a margin result that was praised by analysts.
Payments technology firm Cantaloupe‘s (NASDAQ:CTLP) shares dropped after its fiscal fourth-quarter revenue and profit both missed estimates.
Designer Brands (NYSE:DBI), the parent of footwear chain DSW, unveiled a surprise dip in second-quarter comparable sales, sending shares sharply lower.