Check out the companies making waves before the market opens. Nike — Nike shares fell more than 14% after the sporting goods retailer lowered its guidance following disappointing earnings in its most recent quarter, expecting sales to fall 10% in the current period. The company now expects fiscal 2025 sales to decline in the mid-single digits. Trump Media & Technology — Trump Media & Technology shares rose more than 10% shortly after the first presidential debate between former President Donald Trump and current President Joe Biden, with many viewing Biden’s performance as disappointing. Infinera — Infinera shares rose 19%. Nokia announced plans to acquire the network solutions supplier for $2.3 billion. Digital Realty Trust — The real estate investment trust rose 1.7%. JPMorgan upgraded Digital Realty Trust to overweight and said the stock is likely to benefit from growth in AI and cloud. SAP — SAP rose about 1% before the market opened. BMO Capital Markets upgraded the stock to outperform and raised its price target, citing “high visibility” into bookings and earnings.—CNBC’s Jesse Pound contributed to the report.
Biggest movers in premarket trading: NKE, DJT, INFN
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