Investing.com -- US stock futures edged lower Wednesday, with investors displaying caution ahead of the release of the minutes from the last Federal Reserve meeting.
Here are some of the biggest premarket US stock movers today
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Alphabet (NASDAQ:GOOGL) stock fell 0.9% with the Department of Justice mulling possible sanctions against Alphabet-owned Google, including a break-up of the search giant, following a landmark antitrust case that found the group guilty of abusing its dominant market position.
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Arcadium Lithium (NYSE:ALTM) stock soared 30% after mining giant Rio Tinto (NYSE:RIO) agreed to acquire its US peer in a $6.7 billion all-cash deal, representing a premium of 90% to Arcadium's closing price on Oct. 4.
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Alibaba (NYSE:BABA) stock fell 3%, PDD Holdings (NASDAQ:PDD) lost 3.6% and JD (NASDAQ:JD) dropped 4.2% as U.S.-listed shares of Chinese firms dropped for a second day, on a lack of new stimulus measures.
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Boeing (NYSE:BA) stock fell 1.3% after the aircraft manufacturer withdrew an offer to the International Association of Machinists and Aerospace Workers, and had suspended negotiations with the union after a nearly month-long strike.
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Hewlett Packard Enterprise (NYSE:HPE) stock fell 0.2% after Deutsche Bank initiated coverage of the information technology company with a ‘hold’ rating, saying there are multiple paths to upside but execution risk looms.
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Gitlab (NASDAQ:GTLB) stock rose 4.4% after Morgan Stanley initiated coverage of the software company with an ‘overweight’ rating, seeing the company as the next enterprise platform story.
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WW International (NASDAQ:WW) stock soared 46% after the weight-loss company announced its long anticipated entrance into the compounded GLP-1 [a hormone that helps regulate blood sugar levels and food intake] space, in order to restart growth.