Stock futures traded lower Thursday and Nasdaq futures slumped as Treasury yields soared to their highest levels since January 2020.
Here are some of the top movers during premarket trading on Thursday.
1. Williams-Sonoma WSM | Up 12%
Shares of Williams-Sonoma (WSM) - Get Williams-Sonoma, Inc. Report jumped after the home-goods retailer after the closing bell on Wednesday posted better-than-expected fourth-quarter results, raised its dividend and set a $1 billion share repurchase plan.
The company said e-commerce revenue grew 47.9% during the quarter.
2. Five Below FIVE | Up 4.6%
Shares of Five Below (FIVE) - Get Five Below, Inc. Report were higher after the retailer catering to teens and tweens reported profit, revenue and same-store sales, as well as an outlook, that exceeded analyst expectations.
Fiscal-fourth-quarter net income per share advanced 12% on 25% higher sales.
3. Coherent COHR | Up 2.5%
On Wednesday, Lumentum, the provider of optical and photonic products that's in a bidding war against II-VI, had raised its buyout bid for Coherent to $6.9 billion.
4. Dollar General DG | Down 4.8%
Dollar General noted that same-store sales have fallen sharply in recent weeks as the broader economy continues to reopen in the wake of the coronavirus pandemic.
5. PagerDuty PD | Down 4%
Shares of PagerDuty (PD) - Get PagerDuty, Inc. Report slipped in premarket trading after the software firm after the closing bell on Wednesday posted earnings that missed expectations and said it expected a wider full-year loss.
PagerDuty reported a loss of 7 cents a share for its latest quarter, less than the 11 cents a share that Wall Street analysts were anticipating. Revenue topped estimates.