Premarket trading showed a divided market as investors digested hawkish Fed minutes and corporate earnings. Walmart dropped 2.9% after its income forecast missed expectations, citing uncertainty around tariffs and customer spending, while Deere & Company gained 5% after raising its full-year income forecast following earlier cost-cutting measures.

The e-commerce sector saw dramatic moves with Etsy surging 20% after announcing the sale of Depop to eBay for $1.2 billion. Meanwhile, DoorDash jumped 10% after forecasting strong first-quarter performance, contrasting with Wayfair's 9% decline despite beating earnings expectations as investors remained cautious about the home furnishings retailer.

Healthcare and tech companies also moved significantly, with Hims Hers Health gaining 6.4% on its $1.15 billion acquisition of Eucalyptus to expand internationally, and Figma rising 10% after beating quarterly results. Occidental Petroleum added 4.7% after exceeding profit forecasts, demonstrating resilience despite depressed oil prices.