Delta Air Lines, Kohl’s fall premarket; Tesla edges higher

U.S. stock futures advanced on Tuesday after fears over a potential recession sparked sharp declines on Wall Street, News.Az reports citing Investing.

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

• Shares in Delta Air Lines (NYSE:DAL) tumbled, adding to losses logged on Monday, after the carrier issued a profit warning it linked to U.S. economic uncertainty.
• American Airlines (NASDAQ:AAL) shares dropped after the company said it will post a larger first-quarter loss than anticipated due in part to tepid leisure travel demand and the impact of a fatal crash involving one of its planes in Washington.
• Software group Oracle’s (NYSE:ORCL) stock price dipped slightly prior to the opening bell, as investors assessed a modest shortfall in fiscal third-quarter results and weaker-than-anticipated current-quarter guidance.
• Tesla (NASDAQ:TSLA) shares were on track to rebound after the Elon Musk-led electric carmaker slumped by 15% on Monday.
• Kohl’s (NYSE:KSS) shares fell sharply after the retailer flagged that comparable sales will decline by as much as 6% this year. Analysts had projected a decrease of 0.55% on average.
• Dick’s Sporting Goods (NYSE:DKS) tumbled after its comparable sales outlook came up short of estimates.
• Redwire Corp (NYSE:RDW) shares sank on reported revenue from the space infrastructure business that failed to meet Wall Street expectations.
• Asana (NYSE:ASAN) shares shed more than 25% of their value after the work management software firm said CEO Dustin Moskovitz would retire and announced disappointing first-quarter revenue guidance.
• Eaton ’s (NYSE:ETN) stock price gained after it agreed to purchase Fibrebond in a $1.4 billion deal.

News.Az