Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Investing.com -- U.S. stock futures traded around the flat line Thursday, as investors digested more quarterly earnings ahead of the release of the latest flash PMI data.
Here are some of the biggest premarket U.S. stock movers today:
-
Tesla (NASDAQ:TSLA) stock fell 5.8% after the electric vehicle manufacturer reported a sizable decline in automotive deliveries and a 12% drop in group-wide revenue, with CEO Elon Musk warning of "a few rough quarters."
-
Alphabet (NASDAQ:GOOGL) stock surged 3.3% after the owner of Google reported second-quarter revenue soaring by 14% versus a year earlier to a new all-time peak of $96.4 billion, boosted by strength at its all-important search and cloud division.
-
IBM (NYSE:IBM) stock slid 5.2% as the tech giant’s second-quarter earnings failed to impress investors, especially due to its lower-than-expected sales in its mainstay software segment.
-
ServiceNow (NYSE:NOW) stock jumped 7.3% after the software firm raised its annual subscription revenue forecast.
-
Honeywell (NASDAQ:HON) stock fell 1% after the industrial conglomerate raised its annual forecasts after beating expectations for second-quarter results, buoyed by strong demand for its aerospace parts and maintenance services.
-
American Eagle Outfitters (NYSE:AEO) stock surged 16% after the clothes retailer unveiled a new denim campaign with popular actress Sydney Sweeney, to reignite sales and reconnect with Gen Z shoppers.
-
Dow (NYSE:DOW) stock fell 7.2% after the chemical giant reported a bigger-than-expected quarterly loss and halved its dividend amid a prolonged industry downturn.
-
Chipotle (NYSE:CMG) stock slumped 11% after the Mexican-themed fast food chain reported a bigger-than-expected fall in quarterly sales as weak consumer spending caused the company to temper its annual sales target.
-
Valero Energy (NYSE:VLO) stock rose 0.3% even after the energy company reported a fall in second-quarter profit on Thursday, hurt by lower throughput volumes and a loss in its renewable diesel segment.
-
Lazard (NYSE:LAZ) stock rose 0.1% after the investment bank reported an 11% jump in second-quarter profit, as a rebound in dealmaking activity boosted its advisory revenue.