Adobe, Darden Restaurants, Meta Platforms rise premarket; General Motors falls By

By Peter Nurse

-- Stocks in focus in premarket trade on Forex Club International Foreign Exchange PlatformFriday, December 16th. Please refresh for updates.

• Adobe(NASDAQ:) stock rose 5% after the software company recorded 10% growth in fourth-quarter and forecast healthy first-quarter profit as demand remained strong.

• Darden Restaurants(NYSE:) stock rose 0.5% after the owner of Olive Garden beat quarterly and raised its 2023 outlook as customers continued to eat out.

• Meta Platforms(NASDAQ:) stock rose 2% after JPMorgan upgraded its stance on the Facebook owner to ‘overweight’ from ‘neutral’, saying top and bottom-line pressures will ease in 2023.

• Maxar Technologies(NYSE:) (TSX:) stock soared over 100% after the Wall Street Journal reported that private equity firm Advent international has agreed to buy the satellite owner and operator at about $4 billion.

• General Motors(NYSE:) stock fell 1% after U.S. auto safety regulators formally opened a safety probe into the autonomous driving system in vehicles produced by the auto giant’s robotaxi unit Cruise LLC.

• (NYSE:) stock fell 1% after France’s financial prosecutor confirmed that searches were conducted at the U.S conglomerate's Belfort site as part of an ongoing probe into possible tax fraud.

• (NYSE:) stock rose 2.4% and Baidu(NASDAQ:) stock rose 1% after the U.S. accounting watchdog said it has full access to inspect and investigate firms in China, removing the risk that these companies could be removed from U.S. stock exchanges.

• Coinbase(NASDAQ:) stock fell 1.8% with the cryptocurrency exchange platform hit by more selling in the on fresh doubts about the reliability of reserve figures provided by rival Binance.

• Accenture(NYSE:) stock fell 1.4% after the professional services company disappointed with its second-quarter revenue forecast, even as grew 5% in the quarter ending Nov. 30 as IT spending held strong.

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