By Angus Berwick
Adobe $(ADBE)$: Shares in the Photoshop maker sank 10% in premarket trading after its fiscal-2025 earnings and sales forecasts undershot Wall Street's estimates.
Tesla $(TSLA)$: The stock rose ahead of the opening bell, having closed at an all-time high Wednesday. Chief Executive Elon Musk's close relationship with the president-elect has buoyed traders' enthusiasm for its shares.
Uber Technologies (Uber): The ride-hailing company's shares gained premarket, after selling off Wednesday following General Motors $(GM)$ announcement that it would wind down its Cruise robotaxi program.
Microsoft $(MSFT)$: The company said it would record an $800 million impairment charge tied to its minority investment in GM's Cruise.
Costco $(COST)$ and Broadcom $(AVGO)$ are due to report quarterly earnings after the market close.
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(END) Dow Jones Newswires
December 12, 2024 04:54 ET (09:54 GMT)
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