Bed Bath, Best Buy, Baidu, Tesla, and More Stock Market Movers Tuesday

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Twitter trades lower in the premarket session Tuesday.

AFP via Getty Images

Stock futures rose Tuesday after two days of losses following hawkish comments from Federal Reserve Chairman Jerome Powell at the Jackson Hole economic conference last Friday.

Dow Jones Industrial Average  futures climbed 0.7%. Futures for the  S&P 500  were up 0.8%, and Nasdaq Composite  futures rose 1.1%.

These are some of the stocks making notable moves in premarket trading Tuesday.

Tesla (TSLA) CEO Elon Musk sent a letter to Twitter (TWTR) on Monday that included more reasons for why Musk thinks he can terminate the purchase of the social media company. Tesla shares climbed 1.8% while Twitter shares were down 1.2%.

Best Buy (ticker: BBY) shares climbed 2.8% after the electronics retailer posted earnings and revenue for its fiscal second quarter that beat Wall Street estimates. The company also maintained full-year guidance that it provided in July.

Bed Bath & Beyond (BBBY) will provide a business and strategic update to investors Wednesday before the markets open. The update could include information on the company’s balance sheet as well as the reported $400 million loan from asset manager Sixth Street Partners. The stock was 10.7% higher early Tuesday.

American depositary receipts of Baidu (BIDU) were 4% higher after the artificial intelligence and cloud business reported a strong revenue and earnings beat for its second quarter.

Big Lots (BIG) posted a narrower loss than analysts expected for its second quarter and revenue higher that what Wall Street anticipated. Shares of the furniture retailer were up 2.3%.

The price of Bitcoin, the worlds largest cryptocurrency, rose to $20,383 Tuesday, boosting crypto-related stocks. Coinbase Global (COIN) was up 3.4%, Marathon Digital Holdings (MARA) rose 3.5% and MicroStrategy (MSTR) gained 2.6%.

First Solar (FSLR) was 1.8% higher after the solar power systems company said it plans to invest up to $1.2 billion to scale its U.S. solar panel manufacturing capacity. 

Gap (GPS) climbed 3.7% after Barclays upgraded its rating on the retailer to Equal Weight from Underweight.

Write to Angela Palumbo at angela.palumbo@dowjones.com