Walmart, Chubb and Cisco rise premarket; Meta. GameStop fall

Investing.com -- U.S. stock futures traded marginally higher, struggling to push much higher after the previous session’s strong gains to record levels in the wake of cooler inflation data.

Here are some of the biggest premarket U.S. stock movers today:

• Walmart (NYSE:WMT) stock rose 4.9% after the retail giant topped quarterly earnings and revenue expectations, helped by significant e-commerce gains.

• Chubb (NYSE:CB) stock rose 7.8% after Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) revealed it had taken a $6.72 billion stake in the insurer.

• Cisco Systems (NASDAQ:CSCO) stock rose 2.6% after the communications equipment maker reported stronger-than-expected quarterly earnings.

• Meta Platforms (NASDAQ:META) stock fell 0.5% after the European Commission launched an investigation into the Facebook parent over alleged breaches of the bloc’s strict online content law to do with child safety risks.

• AMC Entertainment (NYSE:AMC) stock and GameStop (NYSE:GME) stock both posted double-digit losses as the buying behind these so-called meme stocks ran out of steam.

• Dell (NYSE:DELL) stock rose 1.7% after investment firm Evercore ISI raised its price target for the tech giant, rated ‘outperform’, to $165 from $140, stating that they believe the company has won a large portion of business for Tesla’s AI server buildout.

• Deere & Company (NYSE:DE) stock fell 5.2% after the maker of agricultural and construction machinery offered disappointing earnings guidance even after posting better-than-expected numbers for its fiscal second quarter.

• JD (NASDAQ:JD) ADRs rose 3.9% after the Chinese retailer beat expectations with its first-quarter revenue, as price cuts and discount coupons helped price-conscious customers.