Southwest Airlines said it plans to cut flights in the second half of 2025 and pulled its 2025 and 2026 guidance.

China dumps critical minerals, collapsing prices and making it difficult for U.S. companies to compete, Interior Secretary Doug Burgum said.

PepsiCo cut its forecast for its core constant currency earnings per share, citing new tariffs.

The major averages ended Wednesday higher on hopes that trade tensions between the U.S. and China could soon ease.

Here are Thursday's biggest calls on Wall Street.

Procter & Gamble's quarterly earnings topped estimates, but its revenue fell short of expectations.

Shares added about 8% before the market open on Thursday.

American Airlines joined Delta, Southwest and Alaska in pulling its 2025 financial guidance.

The guidance revisions include the estimated impact of current tariffs on U.S. products shipped to China, but not Trump's planned pharmaceutical tariffs.

These are the stocks posting the largest moves in premarket trading.