Intel, Ford and Target rise premarket; Deckers slumps

Investing.com -- U.S. stock futures edged higher Friday ahead of the release of key inflation data, while investors digested more quarterly earnings.

Here are some of the biggest premarket U.S. stock movers today:

• Intel (NASDAQ:INTC) stock jumped 7.6% after the semiconductor beat expectations for its third quarter profit helped by dramatic cost cutting measures.

• Ford (NYSE:F) stock rose 4.5% after the auto giant posted quarterly income which topped expectations thanks to strong demand for its SUVs and pickup trucks.

• Target (NYSE:TGT) stock gained 0.5% after the retailer announced it will cut about 1,800 corporate-level roles, representing around 8% of its global headquarters workforce, in a major restructuring initiative.

• Alphabet (NASDAQ:GOOGL) stock rose 1.3% after Anthropic said it will use tens of billions of dollars worth of Google’s AI chips to train its Claude chatbot.

• Deckers Outdoor (NYSE:DECK) stock slumped 13% after the footwear maker’s downbeat annual sales forecast, as economic uncertainty and tariff costs dent demand for its shoes in the U.S.

• Applied Materials (NASDAQ:AMAT) stock fell 0.3% after the chip equipment maker said it will cut about 4% of its workforce, or roughly 1,400 jobs, to streamline operations, as tighter U.S. export controls on semiconductors weigh on its business.

• Newmont Goldcorp (NYSE:NEM) stock fell 6.7% after the world’s largest gold miner beat third-quarter profit estimates, as record-high gold prices helped offset its weaker production, but warned that fourth-quarter free cash flow would take a hit due to higher spending.

• Baker Hughes (NASDAQ:BKR) stock fell 1.8% after the oilfield services company reported a dip in net profit of 20% on the year, even after strong demand for LNG-related services.

• Booz Allen Hamilton (NYSE:BAH) stock fell 8.3% after the management consulting agency missed market expectations for the second quarter of fiscal 2026 and for the full-year outlook.