Investing.com — U.S. rose Wednesday, rebounding after the previous session’s losses with investors digesting more corporate earnings.
Here are some of the biggest premarket U.S. stock movers today:
Penn Entertainment (NASDAQ: ) stock rose 13% after the online bettor signed a deal with Walt Disney’s (NYSE: ) ESPN to jointly launch a sports betting business under the brand ESPN Bet. This resulted in the stock of rival DraftKings (NASDAQ: ) falling 5.2%.
Amazon (NASDAQ: ) stock rose 0.4% after Reuters reported that the online e-commerce giant is in negotiations over joining a number of other technology firms as an anchor investor in Softbank-owned chip designer Arm’s planned initial public offering.
Lyft (NASDAQ: ) stock fell 6.6% on concerns the ride-hailing platform’s focus on competitive pricing to gain market share would muddy its path to profitability.
Twilio (NYSE: ) stock rose 6.2% after the cloud computing platform operator raised its full-year profit forecast after reporting strong second-quarter .
Rivian Automotive (NASDAQ: ) stock rose 1.1% after the electric vehicle maker lifted its annual production guidance after a narrower-than-expected loss in the second quarter as it ramped up production.
Sony (NYSE: ) stock rose 0.9% after the Japanese conglomerate raised its full-year sales forecast on the back of expected strength for its PlayStation gaming business, even after reporting a 31% drop in first-quarter profit.
WeWork (NYSE: ) stock slumped 9% after the workspace provider raised “substantial” doubt about its ability to continue as a going concern and said three board members had stepped down.