These Stocks Are Moving the Most Today: Micron, Peloton, Workday, Nike, CarMax, and More

Stock futures edged lower Thursday as oil prices surged and the yield on the 10-year Treasury remained near levels last seen in 2007.Micron Technology reported a fiscal fourth-quarter adjusted loss that was narrower than analysts’ expectations but revenue of $4.01 billion fell sharply from $6.64 billion a year earlier. The chip maker forecast a wider-than-estimated first-quarter loss of $1 to $1.14 a share. The stock declined 5% in premarket trading.

Peloton Interactive surged 14% after signing a five-year deal with Lululemon Athletica , which will stop selling its Studio Mirror exercise screen. Peloton will become Lululemon’s exclusive provider of digital fitness content, while Lululemon will become Peloton’s primary apparel partner. Workday was down 8.8% after the cloud-software company at an investor presentation lowered its target for annual subscription revenue growth to a rate of between 17% and 19% over the next three years from 20%-plus.

Jefferies Financial reported fiscal third-quarter of 22 cents a share on revenue of $1.18 billion, down from $1.51 billion a year earlier.joseph.woelfel@barrons.com

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