Investing.com — U.S. stock futures were mostly higher on Thursday ahead of the release of more corporate earnings and U.S. retail sales data.
Here are the biggest stocks moving U.S. stocks in the premarket today.
Bank of America (NYSE:) shares rose 2% after the investment banker reported higher profits as the No. 2 U.S. bank capitalized on the resumption of trading in the fourth quarter.
morgan stanley (NYSE:) Shares rose 1% after the bank’s profits rose in the fourth quarter, helped by a wave of investment banking deal closings.
target (New York Stock Exchange:) The retail giant raised its fourth-quarter comparable sales forecast, buoyed by strong shopper demand for clothing, toys and beauty products in November and December. As a result, the stock price rose 2.1%.
Shares of UnitedHealth (NYSE:) fell 4.1%, hurt by weakness in its health insurance division after the healthcare conglomerate reported lower-than-expected fourth-quarter sales. did.
Tesla (NASDAQ:) stock fell 0.8% after CNBC reported that the EV maker started discounting new Cybertruck models in its inventory, referring to pricing information on the company’s website .
BP (NYSE:) The energy giant will cut more than 5% of its global workforce as part of Chief Executive Officer Murray Auchincloss’s efforts to cut costs and restore investor confidence in the energy giant. Following the announcement, ADR rose 0.5%.
Southwest Airlines (NYSE:) stock fell 2.5% after the U.S. Department of Transportation charged the airline with illegally operating multiple chronically delayed flights.
Polestar (NASDAQ:) shares fell 9% after the Swedish EV maker reported lower-than-expected car sales, with the CEO adding it would take longer for the company to turn a profit. .
Taiwan Semiconductor Manufacturing Co. (NYSE:) stock hits record high with fourth-quarter net profit up 57% as the Taiwanese semiconductor maker benefits from a surge in demand for semiconductors used in artificial intelligence processing It rose 4.3% after the announcement.
