Investing.com — US stock futures rose Friday, on course for a positive week on the back of generally healthy corporate earnings.
Here are some of the biggest premarket US stock movers today:
Rivian (NASDAQ:RIVN) stock rose 2.9% after the Spiegel magazine reported that German auto giant Volkswagen (ETR:VOWG_p) is considering ways to deepen its partnership with the US electric car maker.
JB Hunt (NASDAQ:JBHT) Transport Services stock slumped 9.2% after its quarterly earnings missed expectations as the trucking giant grappled with skyrocketing expenses and fewer trucks, denting profits in its key segments.
Apple (NASDAQ:AAPL) stock rose 0.8%, bouncing after suffering its worst day since August the prior session, following the news that was dethroned as China’s biggest smartphone seller in 2024, with local rivals Vivo and Huawei overtaking the iPhone maker.
Microsoft (NASDAQ:MSFT) stock rose 0.3% after the software giant announced in a blog post that it is adding artificial intelligence tools to its consumer Microsoft 365 bundle and bumping up the price in the US for the first time since introducing subscriptions 12 years ago.
Salesforce (NYSE:CRM) stock rose 1.9% after TD Cowen upgraded its stance on the cloud-based software company to ‘buy’ from ‘hold’, citing strong growth prospects on AI momentum.
Qorvo (NASDAQ:QRVO) stock rose 6.4% after the WSJ reported that Starboard Value has amassed a 7.7% stake in the US chipmaker and plans to push for changes.
Schlumberger (NYSE:SLB) stock rose 2.7% after the oilfield services provider beat estimates for fourth-quarter profit, benefiting from higher demand for its drilling equipment and technology in North America and international markets.
Glencore (OTC:GLNCY) ADRs rose 2.4% and Rio Tinto (NYSE:RIO) ADRs gained 2.1% after Bloomberg reported the two had talks late last year about a potential merger to combine their copper operations, but discussions have since stalled.
Fastenal (NASDAQ:FAST) stock fell 4.9% after the fastener distributor disappointed with its fourth-quarter earnings and revenue, citing a soft manufacturing environment.
Truist Financial (NYSE:TFC) stock rose 2.9% after exceeding estimates for fourth-quarter profit, helped by stronger investment banking and trading activity as capital markets strengthened.
