US markets set to open slightly lower

US markets are set to open slightly lower today with futures seeing the S&P 500 down 0.1%, the Nasdaq-100 down 0.2% and the Russell 2000 down -0.4%.

Here are the biggest movers pre-market from Newsquawk:

• $SMCI -10%: To delay 10-K filing for FY24
• $NVDA -0.2%: Earnings await after-hours
• $PVH -9.5%: EPS disappointed & backed FY24 rev. decline of 6-7%
• $FL -7%: Despite comp. sales beating, but guide unch. & desks note it now trades with a forward P/E of 20, which is expensive for retail sector
• $KSS +2%: EPS & GM’s beat w/ stellar FY profit guide
• $ANF -11%: Despite a solid report, although noted it continues to operate in an increasingly uncertain env.
• $SJM -4%: Top line light & cut FY outlook
• $AMBA +19%: Loss per shr. not as deep as exp. & rev. beat; Next Q sales guide also topped
• $BOX +5%: EPS & rev. beat w/ strong Q3 & FY outlook
• $ELF + 3%: Approved $500mln share repurchase prog.

This article was written by Giuseppe Dellamotta at www.forexlive.com.