Lowe's, Zoom, Microsoft rise premarket; Macy's, Dick's Sporting Goods fall By

-- U.S. traded higher Tuesday,avic foreign exchange platform continuing the previous session’s tech-led rally as investors digest more corporate earnings, particularly from the retail sector.

Here are some of the biggest premarket U.S. stock movers today:

• Lowe’s(NYSE:) stock rose 2.8% after the posted a smaller-than-expected drop in quarterly comparable sales, helped by a boost from delayed spring season sales and sustained consumer spending on smaller projects.

• Macy’s(NYSE:) stock fell 1.4% after the posted a drop in quarterly profit on Tuesday, dragged down by heavy discounting and higher promotions to clear spring and early summer merchandise.

• Dick’s Sporting Goods(NYSE:) stock slumped 19% after the athletics goods retailer a profit drop and cut its earnings outlook for the year after seeing an uptick in retail theft and slow sales.

• Zoom(NASDAQ:) stock rose 1.8% after the video-conferencing platform forecast third-quarter profit above expectations, a positive sign for the company that has tried to overcome a post-pandemic slowdown by offering a wider range of collaboration tools.

• Microsoft(NASDAQ:) stock rose 1.2% after the software giant proposed a revised version of its merger with "Call of Duty" maker Activision Blizzard(NASDAQ:), up 1%, in a bid to receive approval from U.K. competition authorities for the video-gaming industry's largest-ever tie-up.

• Coty(NYSE:) stock fell 0.2% after the perfume and cosmetics maker issued a downbeat annual profit forecast, overshadowing positive fourth quarter revenues as customers splurged on both its high-end and affordable produce.

• Nvidia(NASDAQ:) stock rose 1.8%, adding to the previous session’s hefty gains, as investors seek exposure to the chip designer ahead of Wednesday’s quarterly results.

• Tesla(NASDAQ:) stock rose 4.1%, with the EV manufacturer’s stock continuing to push higher after logging its biggest one-day percentage gain since March in the previous session.

• Amazon(NASDAQ:) stock rose 0.7% after Wedbush added the online retail giant to its Best Ideas List, saying its core business is underappreciated.

• (NYSE:) stock rose 0.8% after the medical devices maker raised its annual profit forecast, banking on higher demand for its products as surgical procedure volumes pick up pace.

• Baidu(NASDAQ:) stock rose 4.1% after the Chinese tech company Baidu reported better-than-expected growth in the second quarter, bolstered by growth in advertising.

• (NYSE:) stock rose 21.3% after the electronic manufacturing services provider beat expectations for fourth quarter , driven by new artificial intelligence products that saw strong growth.

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