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NIO, Apple, UiPath, GameStop, and More Stock Market Movers Wednesday

NIO shares fall in premarket trading Wednesday.

Hector Retamal/AFP via Getty Images

Stock futures were slightly higher Wednesday as investors continued to grapple with multiple macro issues, from the possibility of an aggressive Federal Reserve to the ongoing European energy situation to lockdowns in China.

Futures for the Dow Jones Industrial Average and the S&P 500 were rising 0.1% and the tech stock-heavy Nasdaq Composite was rising 0.2%.

These are some of the stocks making notable moves in premarket trading Wednesday.

UiPath (PATH) was sinking 23% after the robotic-process automation software company cut its outlook for fiscal-year revenue.

Coupa Software (COUP) was climbing 12% after the cloud-based business spend management platform reported better-than-expected earnings and revenue for its second quarter and raised its financial outlook for fiscal 2023.

Newell Brands (NWL) cut its financial outlook for both the third quarter and the full year. Shares of the maker of Rubbermaid containers were falling 4.9%.

American depositary receipts of NIO ( NIO ) were falling 4.3% after the electric-vehicle maker posted a second-quarter adjusted loss wider than estimates and revenue below Wall Street expectations. The company’s third-quarter revenue and deliveries forecasts also missed analysts’ estimates.

Pinterest (PINS) shares were up 4% after an analyst from Wolfe Research upgraded the rating on the stock to Outperform from Peer Perform.

GameStop (GME) shares were down 1.4% early Wednesday. The game and entertainment retailer will report fiscal second-quarter results after the markets close on Wednesday.

Apple ’s (AAPL) iPhone event is schedueled for Wednesday, and the tech giant is expected to unveil its latest line of iPhone 14 devices, and possibly even a new Apple Watch and other surprises. The stock was up 0.3% in the premarket session.

Write to Angela Palumbo at angela.palumbo@dowjones.com