By Joe Wallace
Hertz $(HTZ)$: Shares in the car-rental company shot up about 25% in premarket trading. The stock had surged 56% Wednesday when Bill Ackman's Pershing Square Capital Management disclosed a stake in the original meme stock.
Nvidia $(NVDA)$; AMD $(AMD)$: Shares in both chip companies edged up premarket, after selling off Wednesday on the news that their exports would be restricted. (Read more: Nvidia is a big bargaining chip in the trade war.)
Alcoa $(AA)$: The aluminum producer said it incurred about $20 million in tariff-related costs last quarter; the charge is expected to increase to $90 million in the current one. Alcoa said it was impractical to increase U.S. production in the short-term. Shares fell nearly 3% ahead of the open.
American Express $(AXP)$, Blackstone $(BX)$ and a clutch of regional banks including Fifth Third $(FITB)$ and Regions Financial $(RF)$ are due to report earnings before the bell. Netflix $(NFLX)$ results are due after the close.
Hermès (FR:RMS): The Birkin bag maker's quarterly revenue growth fell short of forecasts, weighed down by Chinese demand. Hermès, one of Europe's most valuable companies, said it would respond to tariffs by raising its U.S. prices. Shares edged lower in Paris.
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(END) Dow Jones Newswires
April 17, 2025 06:03 ET (10:03 GMT)
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