Premarket movers

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During premarket hours, you may be allowed to complete trades, purchases, or sales if your broker allows it. Some brokers might allow you limited access to the markets while others may only have access to a few networks. As a result, order speeds may be slower than during normal market hours. Check the guidelines and disclosures for your brokerage account before assuming your broker allows for premarket trading. Yes, you may be responding to current news items, but so are many other traders. Understand your limitations before jumping into a trade that may or may not be timely or make sense.

Premarket movers

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US stocks notched fresh records on Thursday as investors cheered comments from Federal Reserve Chairman Jerome Powell nodding to rate cuts coming this year. In his testimony before the Senate Banking Committee, Powell said he anticipates the central bank will bring down borrowing costs before the end of the year, though the cutting process won't begin imminently. He doubled down on his Wednesday comments regarding easing policy. The economy has proved resilient so far despite monetary policy tightening, in Powell's view, and he said it was a "big surprise" that inflation steadily cooled without any sizable gains in the unemployment rate. Danish drug maker Novo Nordisk spike to a record high after it shared an update on a new obesity drug that might be even more effective than its hugely popular weight loss drug Wegovy. Meanwhile, Thursday's jobless claims report for the week up to March 2 fell in line with expectations at , Continuing claims increased by about 8, to 1. Traders will be watching for the nonfarm payrolls report, due Friday, as another data point to hint at when the central bank could make its next move. Expectations are for employers to have added , jobs last month, lower than the stunning , added in January.

Premarket movers

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