Investing.com - Financial Markets Worldwide

Apple, Exxon Mobil, AbbVie rise premarket; Chevron, Colgate-Palmolive fall

AuthorPeter Nurse
Published 31/01/2025, 14:00
© Reuters.
CVX
-2.21%
VRTX
0.16%
AAPL
-1.05%
XOM
-0.87%
CL
-1.22%
AON
0.37%
PSX
-3.12%
ABBV
-1.00%

Investing.com -- US stock futures rose Friday, with investors awaiting the release of the Federal Reserve’s favored gauge of inflation.

Here are some of the biggest premarket US stock movers today:

  • Apple (NASDAQ:AAPL) stock rose 4% after the iPhone maker said it now expects sales to grow in the low- to mid-single digits in its fiscal second quarter, surpassing expectations and pointing to momentum in demand.

  • Exxon Mobil (NYSE:XOM) stock rose 0.3% after the oil giant beat estimates for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.

  • Chevron (NYSE:CVX) stock fell 1.7% after the oil major posted lower-than-anticipated fourth-quarter income as tepid US fuel demand dented margins and led its downstream unit to slip to a loss.

  • Colgate-Palmolive (NYSE:CL) stock fell 2.8% after the consumer products giant reported fourth-quarter results that fell short of analyst expectations on revenue.

  • Phillips 66 (NYSE:PSX) stock rose 0.1% after the refiner reported a smaller-than-expected loss as strength in its renewables segment offset a sharp decline in refining margins.

  • Aon (NYSE:AON) stock rose 0.5% after the Insurance brokerage firm reported a higher fourth-quarter profit, helped by robust performance in its commercial risk solutions business.

  • AbbVie (NYSE:ABBV) stock rose 4.2% after the drugmaker forecast 2025 profit above estimates, as strong sales of its newer immunology drugs Skyrizi and Rinvoq make up for a steep decline in those of Humira, its flagship rheumatoid arthritis drug that now faces stiff competition.

  • Vertex (NASDAQ:VRTX) stock rose 4.5% after the FDA approved the pharmaceutical company’s non-opioid painkiller pill, a new alternative for pain relief that comes without the risk of addiction.

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