Nvidia and TSMC to unveil first domestic wafer for Blackwell chips, Axios reports
Investing.com -- U.S. stock futures rose Thursday, boosted by growing expectations of more Fed rate cuts as well as some strong earnings.
Here are some of the biggest premarket U.S. stock movers today:
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United Airlines (NASDAQ:UAL) stock fell 1.3% despite the carrier forecasting stronger earnings in the current quarter as it expects rising travel demand and improved pricing power to produce the highest quarterly revenue in the company’s history.
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Salesforce (NYSE:CRM) stock jumped 5.9% after the cloud software company raised its long-term revenue target to more than $60 billion by 2030 and unveiled a $7 billion share buyback program.
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Oracle (NYSE:ORCL) stock rose 1.5% ahead of a meeting with financial analysts at the cloud software group on the final day of its AI-focused conference in Las Vegas later in the session.
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Taiwan Semiconductor Manufacturing (NYSE:TSM) stock gained 2% after the world’s biggest contract chipmaker continued to see outsized demand for artificial intelligence infrastructure.
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Charles Schwab (NYSE:SCHW) stock rose 4.2% after the U.S. brokerage reported third-quarter earnings and revenue that exceeded analyst expectations.
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KeyCorp (NYSE:KEY) stock gained 1.3% after the U.S. lender reported a jump in third-quarter profit as net interest income surged on lower deposit costs and a shift toward higher-yielding assets.
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Snap-On (NYSE:SNA) stock fell 0.2% after the toolmaker beat third-quarter revenue and profit estimates as recovering demand from auto parts companies and repair shops boosted sales for the company’s tool-making products.
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Travelers (NYSE:TRV) stock dropped 6% after the insurer reported a profit surge in the third quarter, helped by lower catastrophe losses, stronger underwriting fees and higher investment returns.
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Bank of New York Mellon (NYSE:BK) stock gained 0.4% after the lender posted third-quarter profit that topped expectations, as it was bolstered by elevated stock markets which lifted the value of client assets and helped support fees.