Examine the corporations making headlines prior to the market opening. KeyCorp saw their stocks rise nearly 2% premarket following Piper Sandler's upgrade of the regional bank to overweight from neutral. Keysight Technologies gained roughly 1.5% thanks to Morgan Stanley raising their rating to overweight from equal weight. Meanwhile, Apellis Pharmaceuticals experienced a 3.5% upturn prior to the opening bell after Wells Fargo bumped their rating to overweight from equal weight. General Motors and Ford slid less than 1%, while Stellantis rose less than 1% as the United Auto Workers went on strike. Unity Software had a 3% uptick premarket due to Bank of America's upgrade to buy. DoorDash dropped almost 3% in premarket trading after being downgraded to market perform from outperform by MoffettNathanson. Arm Holdings, having just made its Nasdaq debut with a 25% increase, rose another 5.4% premarket with Needham issuing a hold rating. Adobe stock fell 3.4% after the company's fiscal third-quarter earnings report showing earnings and revenue surpassing analysts' expectations. Nucor reported weaker-than-anticipated earnings guidance for the third quarter, causing their shares to drop 2.3% premarket; the weaker pricing and volumes being cited as the reason.
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