US stock futures traded flat on Wednesday, paring from the previous period’s technology-led losses as quarterly corporate earnings continued to emerge.
Here are some of the biggest moves in US stocks before the market today
Shares of Morgan Stanley (NYSE:MS) rose 2.3% after the banking giant’s third-quarter earnings rose, fueled by a trading recovery that also helped its rivals.
Shares of Nvidia (NASDAQ:NVDA) rose 0.7%, with the chipmaker recovering from a nearly 5% drop in the previous session, following a report that the Biden administration is considering curbing exports of artificial intelligence chips. intelligence from American companies.
Shares of Abbott Laboratories (NYSE:ABT) rose 0.2% after the company slightly raised its full-year profit guidance after beating Wall Street estimates for its quarterly earnings thanks to strong sales of medical devices. including glucose monitoring products.
Shares in ASML ( AS:ASML ) fell 3.5%, adding to the previous session’s 16% losses, after the world’s largest maker of chipmaking equipment cut its guidance for next year and reported third-quarter orders that were nearly half of what was predicted.
Shares of United Airlines ( NASDAQ:UAL ) rose 1.3% after the carrier reported better-than-expected third-quarter earnings and announced a new $1.5 billion share buyback program.
Shares of Trump Media & Technology (NASDAQ:DJT) rose 5.9%, recovering from a nearly 10% drop in the previous session, in the second heaviest trading session since the Truth Social platform debuted on Wall Street in March.
Shares of Cisco (NASDAQ:CSCO) rose 1.9% after Citigroup upgraded its stance on the networking equipment maker to ‘buy’ from ‘neutral’, citing a bigger potential impact from its artificial intelligence business.
Shares of Qualcomm ( NASDAQ:QCOM ) fell 0.2% after Citi analysts put the company on negative catalyst watch, citing weaker mobile phone demand and other headwinds.
Shares of Interactive Brokers ( NASDAQ:IBKR ) fell 2.9% after the automated global online broker missed expectations for third-quarter adjusted earnings, even as it reported a rise in revenue.
Shares of Novocure ( NASDAQ:NVCR ) jumped 21% after it announced that the FDA approved the drugmaker’s Optune Lua, a portable device designed to treat certain types of lung cancer.
Shares of JB Hunt ( NASDAQ:JBHT ) rose 7.5% after the trucking company reported third-quarter earnings that beat expectations, helped by improving volumes in its largest segment, combined transportation.
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Reference;
Nurse, P. (2024) Morgan Stanley, United Airlines, Trump Media rise premarket; ASML falls By Investing.com, Investing.com. Investing.com. Available at: https://www.investing.com/news/stock-market-news/morgan-stanley-united-airlines-trump-media-rise-premarket–asml-falls-3665700 (Accessed: 16 October 2024).
