US stock futures rose on Friday as investors digested a deluge of quarterly corporate earnings.
Here are some of the biggest moves in US stocks before the market today
Shares of Netflix ( NASDAQ:NFLX ) rose 6.6% after the streaming giant reported better-than-expected quarterly revenue, adding 5.07 million subscribers during the third quarter versus 8.76 million net new subscribers in last year, in a sign of the streaming giant’s push to emphasize profits over rapid subscriber growth.
Shares of American Express ( NYSE:AXP ) fell 2.3% after the credit card giant reported lower-than-expected third-quarter earnings and higher loan loss provisions, even as spending growth on its cards led to an increase in forecasts for the full year.
Shares of Procter & Gamble ( NYSE:PG ) fell 0.8% after the home goods maker missed expectations for first-quarter sales on Friday as consumers in its main markets, the U.S. and China, turned to to cheaper household and personal care brands.
Shares of Tesla ( NASDAQ:TSLA ) fell 0.3% after it revealed that the National Highway Traffic Safety Administration has launched an investigation into 2.4 million of its vehicles.
Shares of CVS Health (NYSE:CVS) fell 11% after the healthcare company reported disappointing third-quarter preliminary financial results and a leadership change.
Shares of Apple (NASDAQ:AAPL) rose 1.7% after sales of the tech giant’s latest iPhones in China reportedly rose 20% in the first three weeks compared to last year’s model, according to data from Counterpoint Research. were given to Bloomberg News.
Shares of Nvidia (NASDAQ:NVDA) rose 1% after Bank of America raised its 2025 and 2026 profit forecasts, saying the chipmaker faces a “generational opportunity” in a total market of more than $400 billion. dollars.
Shares of Schlumberger ( NYSE:SLB ) fell 1% after the oilfield services provider reported third-quarter earnings that fell slightly short of expectations, although it was helped by steady demand for its digital products and an effort to cut costs .
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Reference;
Nurse, P. (2024) Netflix, Apple, Nvidia rise premarket; American Express falls By Investing.com, Investing.com. Investing.com. Available at: https://www.investing.com/news/stock-market-news/netflix-apple-nvidia-rise-premarket-american-express-falls-3670859 (Accessed: 18 October 2024).
