Tesla, IBM and Moderna fall premarket; American Airlines rises

Investing.com -- U.S. stock futures traded in a mixed fashion Thursday, with investors digesting renewed trade tensions between the U.S. and China as well as a deluge of quarterly earnings.

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

• Tesla (NASDAQ:TSLA) stock fell 3.6% after the electric vehicle manufacturer posted earnings that fell short of expectations, as rising sales were offset by higher costs just as the EV maker braces for slowing demand in the U.S. following the expiration of an EV tax credit.

• IBM (NYSE:IBM) stock slumped 7.2% after the tech company’s software revenue growth disappointed even as it delivered third-quarter financial results that surpassed expectations and raised its guidance, citing tailwinds in artificial intelligence.

• Intel (NASDAQ:INTC) stock fell 0.4% ahead of the chipmaker’s quarterly earnings which are expected to show weakness at its data center and AI division contributing to a 1.2% decline in sales.

• Moderna (NASDAQ:MRNA) stock fell 4.5% after the drugmaker announced topline results from a Phase 3 study of its cytomegalovirus, or CMV, vaccine that did not meet its primary efficacy endpoint of preventing CMV infection in select female participants.

• Hasbro (NASDAQ:HAS) stock fell 2.9% after the toy manufacturer detailed macroeconomic uncertainties hitting spending among American shoppers, even as it raised its annual revenue and core profit forecasts.

• American Airlines (NASDAQ:AAL) stock rose 3.3% after the carrier reported better-than-expected third-quarter results, with losses narrower than anticipated.

• Beyond Meat (NASDAQ:BYND) stock slumped 17%, reversing course following a more than 450% climb in the heavily-shorted stock so far this week.

• PG&E Corp (NYSE:PCG) stock rose 0.8% after the utility reported stronger-than-expected third-quarter earnings, while narrowing its 2025 guidance range and introducing its outlook for 2026.

• Honeywell (NASDAQ:HON) stock gained 4.3% after the manufacturing conglomerate raised its 2025 profit forecast despite the impact of a planned separation of its advanced materials unit, signaling robust growth prospects fueled by strong aerospace demand.

• Valero Energy (NYSE:VLO) stock rose 1.9% after the U.S. refiner reported a rise in third-quarter profit, helped by a rebound in refining margins.

• IONQ (NYSE:IONQ), Rigetti Computing (NASDAQ:RGTI) and D Wave Quantum (NYSE:QBTS) all surged after the Wall Street Journal reported that the Trump administration was in talks with several Quantum computing companies to take equity stakes in exchange for federal funding.