Target, Best Buy, and Pinterest rise before the market opens; Nvidia declines

LootboxPhobia · 2026-03-03T21:47:33+00:00

U.S. stock index futures fell sharply due to escalating Middle East conflict, and oil prices rose. Target and Best Buy stock prices increased by 3.9% and 10% respectively, while Nvidia dropped 2.3% due to export restriction reports. Pinterest stock rose 9% on investment news, but MongoDB plummeted 26%. Overall market sentiment was significantly affected by the conflict.

LootboxPhobia

2026-03-03 21:47:33

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Investing.com - U.S. stock index futures declined sharply on Tuesday as Middle East conflicts escalated, weighing on market sentiment, with oil prices soaring.

Here are the major pre-market movers in U.S. stocks today:

Target (NYSE:TGT) stock rose 3.9%, as the retail giant announced annual sales forecasts above market expectations. Under the leadership of CEO Michael Fiddelke, the company is entering a new era, betting on demand in categories like apparel, while benefiting from recent cost-saving measures and advertising business.
Best Buy (NYSE:BBY) stock surged over 10%, after the electronics retailer’s Q4 earnings beat profit expectations, despite its full-year sales forecast falling short of Wall Street estimates.
Nvidia (NASDAQ:NVDA) stock fell 2.3%, following reports that U.S. officials are considering restrictions on the export of AI accelerators to any Chinese companies.
Pinterest (NYSE:PINS) stock rose 9%, after the social media platform announced a $1 billion strategic investment from Elliott Investment Management and plans for a $2 billion share buyback in the near future.
ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) both rose over 1%, as oil prices continued to climb due to escalating Middle East conflicts.
AutoZone (NYSE:AZO) stock plummeted 6%, despite the auto parts retailer reporting second-quarter earnings that exceeded expectations, though revenue fell short.
MongoDB (NASDAQ:MDB) stock dropped 26%, as the database software company issued full-year revenue and Q1 adjusted earnings guidance that were weaker than expected.
Credo Technology (NASDAQ:CRDO) stock declined 11%, after the communications equipment company reported third-quarter revenue in line with its preliminary results announced in February.

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