See the companies making headlines in premarket trading. Chip stocks – Some of the biggest semiconductor stocks were lower after a Bloomberg News report said the Biden administration is considering tighter trade restrictions over concerns that U.S. companies are giving China too much access to domestic semiconductor technology. Nvidia retreated 4.4%, while Taiwan Semiconductor and AMD fell 4.7% and 4.1%, respectively. ASML, which sells semiconductor equipment for chipmakers, fell more than 8% after the news that overshadowed better-than-expected quarterly results. The VanEck Semiconductor ETF (SMH) was almost 4% lower. Five Below – Shares of the discount retailer plunged more than 15% after the company cut its second-quarter guidance and announced the departure of CEO Joel Anderson. A slew of Wall Street firms, including Evercore ISI, Morgan Stanley, Truist and Mizuho Securities, all downgraded Five Below following the news. US Bancorp — Bank stocks rose more than 1% after second-quarter earnings beat expectations. US Bancorp reported earnings per share of 97 cents, compared with a StreetAccount estimate of 94 cents per share, according to FactSet. JB Hunt Transport Services – The freight company retreated about 3% after second-quarter results missed Wall Street estimates. The company reported earnings of $1.32 per share on revenue of $2.9 billion, while analysts polled by FactSet forecast earnings of $1.48 per share on revenue of $3 billion. The company also noted higher insurance and equipment costs despite operating cost cuts. VF Corporation – Shares rose 6.8% after eyewear group EssilorLuxottica announced it would acquire VF Corporation’s Supreme brand for $1.5 billion in cash. The transaction is expected to close by the end of 2024. Omnicom Group – The corporate communications company fell more than 3% despite stronger-than-expected second-quarter revenue. Omnicom posted earnings of $1.95 per share excluding items, which was in line with analyst forecasts polled by FactSet. The company’s revenue of $3.85 billion exceeded a forecast calling for $3.83 billion. GitLab, Datadog – Shares of the DevOps software company rose more than 14% after a Reuters report that the company was exploring a sale after receiving acquisition stakes from companies including Datadog. The latter’s shares fell by more than 3%. Johnson & Johnson – Shares fell marginally due to disappointing full-year earnings estimates. The company expects earnings per share in the range of $9.97 to $10.07, compared to the prior guidance of $10.57 to $10.72. Analysts polled by FactSet expected a price of around $10.45 per share. – CNBC’s Sarah Min and Jesse Pound contributed reporting