By Mackenzie Tatananni

Stock futures were falling Wednesday after the S&P 500 notched a record high close in the previous session. President Donald Trump said he was considering additional 25% tariffs and U.S. talks with Russia to end the war in Ukraine ended without a plan for Trump and Vladimir Putin to meet in person.

These stocks were poised to make moves on Wednesday:

Bumble plunged 17% to $6.71 after the online dating service reported lower-than-expected earnings in the first quarter of 2025. Bumble also issued weak guidance as it guided for revenue in the range of $242 million to $248 million in the current quarter, missing the $257 million forecast analysts anticipated.

Toll Brothers was down 5.9% after the home construction company reported lower-than-expected earnings and sales in its fiscal first quarter. Toll Brothers posted net income of $177.7 million on revenue of $1.86 billion, down from net income of $239.6 million on revenue of $1.95 billion a year earlier.

Howard Hughes Holdings fell 4.5% after investor Bill Ackman's Pershing Square Holdco announced that it had submitted a proposal to the Howard Hughes board to pay $90 per share to acquire 10 million common shares of the company. The stock jumped 6.8% Tuesday after Ackman teased the "potential transaction" to create a diversified holding company, likening it to Berkshire Hathaway. The announcement then came after the market close.

Intel stock was in focus again, pointing 2% lower after surging 16% Tuesday following reports that Broadcom and Taiwan Semiconductor Manufacturing were weighing deals to acquire different parts of the chip maker's business.

Apple stock was down 0.2% ahead of a new product announcement, which CEO Tim Cook teased in a social media post last week. While Cook fell short of providing details, investors suspect the tech giant will debut a new iPhone SE, a lower-cost model that was originally released in 2016.

Nvidia rose 0.4% to $139.96, indicating Wall Street was shrugging off concerns about President Donald Trump's latest tariff threat. The slight gains came after Trump said he was considering imposing import taxes "in the neighborhood of 25%" on semiconductors, cars, and pharmaceuticals. Nvidia shares were trading at just under $143 before Chinese startup DeekSeek sparked concerns about competition in the artificial-intelligence market, triggering a broad selloff.

Robinhood Markets was up 0.9% in premarket trading. The trading platform reported total net revenue of $1.01 billion in the fourth quarter, marking a 115% increase from the previous year. Robinhood said it now has 25.2 million clients, up 8% from 2o23, while expenses increased just 3%.

As the price of Bitcoin rose, shares of MicroStrategy also gained. The company now doing business as Strategy said it would offer $2 billion worth of convertible notes to fund future Bitcoin purchases. MicroStrategy revealed Tuesday that it hadn't purchased any of the crypto in the period between Feb. 10 and Feb. 17. The last purchase came earlier this month, bringing its total holdings to roughly 478,740 Bitcoins. Bitcoin was up 2.2% over the last 24 hours to $96,244, according to CoinDesk data.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

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(END) Dow Jones Newswires

February 19, 2025 06:53 ET (11:53 GMT)

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