EU and US could reach trade deal this weekend - Reuters
Investing.com -- U.S. stock futures edged slightly higher Friday, as investors digested mostly positive quarterly earnings ahead of next week’s Federal Reserve policy meeting.
Here are some of the biggest premarket U.S. stock movers today:
-
Intel (NASDAQ:INTC) stock slumped 8% after the chipmaker forecast steeper losses than expected in the third quarter and announced plans to slash jobs, reducing headcount to 75,000 by the end of year, down 22% from the end of 2024, which will be through attrition and "other means".
-
Centene (NYSE:CNC) stock slumped 13% after the health insurer posted a surprise quarterly loss, partly hurt by higher medical costs related to its insurance plans.
-
Deckers Outdoor (NYSE:DECK) stock soared 12% after the shoe retailer produced strong first-quarter numbers, seeing better-than-expected sales from its Hoka and Ugg brands.
-
Phillips 66 (NYSE:PSX) stock rose 0.6% after the refiner beat expectations for second-quarter profit, helped by higher refining margins and lower turnaround expenses.
-
Charter Communications (NASDAQ:CHTR) stock fell 7.6% after the cable and internet provider reported second-quarter earnings that fell short of expectations amid continued customer losses.
-
Newmont (NYSE:NEM) added 1.9% after the world’s largest gold miner surpassed expectations for second-quarter profit, driven by higher gold prices and a strong operational performance.
-
Paramount Global (NASDAQ:PARA) stock climbed 1.1% after the Federal Communications Commission approved the studio’s $8 billion merger with Skydance Media.
-
Boyd Gaming (NYSE:BYD) stock rose 0.8% after the casino operator reported stronger-than-expected adjusted earnings and revenue for the second quarter, supported by continued strength in its core customers as well as improvements in retail play.
-
Sarepta (NASDAQ:SRPT) stock slumped 10% after European regulators recommended against approving Elevidys, the company’s gene therapy for Duchenne muscular dystrophy.