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© Reuters.
Investing.com — U.S. retreated Wednesday, as traders began the month cautiously forward of the conclusion of the most recent two-day coverage assembly of the U.S. Federal Reserve.
Here are a number of the greatest premarket U.S. inventory movers right now:
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CVS Health (NYSE:) inventory fell 2.5% after the pharmacy chain reported higher-than-expected medical prices at its insurance coverage unit, even because it beat estimates for quarterly revenue.
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Estee Lauder (NYSE:) inventory fell 13% after the cosmetics firm lowered its full-year outlook on Asian headwinds.
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Yum! Brands (NYSE:) inventory fell 0.8% after the mother or father of a number of quick meals chains reported quarterly income that fell wanting expectations, with Pizza Hut’s same-store gross sales development weaker than anticipated.
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Kraft Heinz (NASDAQ:) inventory rose 0.8% after the meals large beat expectations for third-quarter revenue and raised its annual forecast as its margins benefited from greater costs of its packaged meals and condiments.
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Advanced Micro Devices (NASDAQ:) inventory fell 1.6% after the chipmaker reported a weaker-than-expected present quarter that overshadowed third-quarter outcomes that beat Wall Street estimates.
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Match Group (NASDAQ:) inventory fell 9.1% after the Tinder-owner forecast fourth-quarter income beneath estimates, as cussed inflation and unrest in some markets weigh on development at a few of its main relationship platforms.
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Canada Goose (NYSE:) inventory fell 10% after the winter put on retailer minimize its annual gross sales forecast, in an indication {that a} sharp rebound in China was beginning to falter and gross sales within the U.S. stayed beneath stress.
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Wayfair (NYSE:) inventory fell 13% after the web furnishings retailer reported a narrowing of losses throughout its fiscal third quarter however gross sales got here in a bit decrease than expectations.
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Norwegian Cruise Line (NYSE:) inventory fell 3.5% after the cruise operator trimmed its annual revenue forecast, as elevated gas prices offset beneficial properties from greater ticket costs and resilient demand for cruise bookings.
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