Intel, Nvidia, Eli Lilly rise premarket; BP, Novo Nordisk fall

Investing.com -- U.S. stock futures edged higher Tuesday, with traders awaiting the start of a two-day testimony from Fed chief Jerome Powell to Congress.

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

• Intel (NASDAQ:INTC) stock leapt 2.4% after gaining over 6% in the previous session, while Nvidia (NASDAQ:NVDA) rose 1.5% and Marvell (NASDAQ:MRVL) was up 0.5%, as stocks linked with AI continued to be favored.
• Amazon (NASDAQ:AMZN) stock rose 0.2% after the online retail giant announced a new $79 Echo Spot alarm clock with a revamped design and improved audio quality.
• Pfizer (NYSE:PFE) stock rose 0.1% after it announced its chief scientific officer Mikael Dolsten would step down after a more than 15-year career at the drugmaker.
• Eli Lilly (NYSE:LLY) stock rose 0.4% and Novo Nordisk (CSE:NOVOb) (NYSE:NVO) stock fell 1.8% after the publication of a data analysis showing Eli Lilly's treatment Mounjaro leads to faster and greater weight loss than Novo’s popular obesity drug Wegovy.
• Lucid Group (NASDAQ:LCID) stock fell 0.6% after the EV manufacturer will have to recall over 5,000 of its 2022-2023 Air luxury sedans due to a software error that could cause a loss of power.
• BP (LON:BP) (NYSE:BP) ADRs fell 4.1% after the energy giant warned that its second-quarter results will be hit by lower refining margins and it also expects to post an impairment of up to $2 billion.
• Helen of Troy (NASDAQ:HELE) stock slumped 27% after the consumer products company reported disappointing first-quarter results and slashed its full-year outlook, amid particular weakness in its beauty and wellness business.