Premarket movers include Macy's, Meta, Apple and Novartis

Several stocks moved in premarket trading after earnings updates, analyst actions and company news. Macy's fell after reporting quarterly revenue above expectations and raising its fullyear outlook, while Meta rose on a JPMorgan upgrade that pointed to potential upside from its AI products and models. Apple gained after unveiling a foldable iPhone and other products, although the market reaction the previous day was modest. Novartis also advanced after a Reuters report said a major shareholder was pushing for changes to the board to improve governance. Other notable movers included weaker copper miners as metal prices eased from earlier record levels, AeroVironment after strongerthanexpected firstquarter results, and several retailers and health care companies that fell after issuing softer forecasts. Enbridge declined after announcing an acquisition, while Kinetik rose after a report that it is exploring strategic options.