Amazon, WD-40, JPMorgan and Zillow rise premarket By Investing.com

Investing.com — U.S. edged higher Tuesday, continuing the positive start to the week with investors awaiting more comments from Fed officials as week as key inflation data.

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

• Amazon (NASDAQ:) stock rose 0.8% at the start of the e-commerce giant’s 48-hour shopping event, offering deep discounts in the hope to tempt U.S. shoppers.

• Apple (NASDAQ:) stock rose 0.5% after the tech giant announced plans to begin selling its products on Tencent’s (OTC:) popular messaging app WeChat as it looks to grow its retail presence in China.

• Meta Platforms (NASDAQ:) stock rose 0.4% after Axios reported that the tech giant’s Instagram is planning to bring its branded content tools to Threads, its new social media platform.

• JPMorgan (NYSE:) stock rose 1.2% after Jefferies upgraded its stance on the banking giant to ‘buy’ from ‘hold’, calling it “best-in-class” and praising its strong earnings potential.

• Zillow (NASDAQ:) stock rose 6.1% after Piper Sandler upgraded its stance on the real estate stock to ‘overweight’ from ‘neutral’, seeing the potential for the stock to rally more than 30%.

• Microsoft (NASDAQ:) stock rose 0.3% after the software giant confirmed that it’s eliminating additional jobs, in addition to the downsizing announced in January that resulted in 10,000 layoffs.

• T-Mobile US (NASDAQ:) stock rose 0.8% after Goldman Sachs) called the wireless network operator a ”top pick”, citing the probability of more buybacks.

• WD-40 (NASDAQ:) stock rose 5.3% after the chemicals company reported better-than-expected third-quarter and announced a 50 million share buyback program.