U.S. stock futures edged higher Wednesday as investors awaited the second round of comments from Federal Reserve Chief Jerome Powell to Congress.

Premarket Movers:

  • Microsoft (MSFT): Rose 0.4% after a report suggested it might give up its board seat on OpenAI amid regulatory scrutiny.
  • Tesla (TSLA): Increased 0.5% following a Goldman Sachs upgrade after strong Q2 deliveries.
  • 3M (MMM): Fell 0.7% as CFO Monish Patolawala announced his departure.
  • Honeywell (HON): Dropped 0.7% after reports it will buy a business from Air Products (APD) for $1.8 billion. APD rose 2.1%.
  • Goodyear (GT): Rose 1.9% on news of potential sale talks with Japan’s Yokohama Rubber.
  • Taiwan Semiconductor (TSM): Climbed 2.4% after reporting a 32% revenue increase for Q2.
  • LegalZoom (LZ): Slumped 27% after cutting full-year revenue guidance and announcing CEO Dan Wernikoff’s resignation.
  • Smart Global (SGH): Rose 7.6% following a third-quarter profit report.