Stock market today: Dow, S&P 500, Nasdaq edge higher after phone call between Trump and Xi

Here are some top stocks trending on Yahoo Finance in premarket trading:

Tesla (TSLA) stock fell over 1% in premarket trading on Thursday following CEO Elon Musk’s latest attack on President Trump’s tax bill. Musk said: “Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL,” Musk posted on X.

PVH Corp (PVH), the owner of designer brand Calvin Klein, stock dropped 8% before the bell after cutting its profit outlook for the year, citing weakness in the US, China and tariffs.

Zac Coughlin, Chief Financial Officer, said, “We are reaffirming our revenue guidance for the year but are decreasing our outlook for profitability and earnings per share to reflect that backdrop and the current performance of our business.”

Robinhood (HOOD) stock rose 1% following Bank of America (BAC) saying the online brokerage is a “prime candidate” to enter the S&P 500 Index in the rebalancing set to be announced Friday.

Broadcom (AVGO) stock rose 1.4% in premarket trading ahead of second-quarter earnings report, due for release later today.