Investing.com -- US stock futures traded in a stable manner Wednesday, steadying after the previous season’s tech-inspired losses as quarterly corporate earnings continue to emerge.
Here are some of the biggest premarket US stock movers today
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Morgan Stanley (NYSE:MS) stock rose 2.3% after the banking major's profit rose in the third quarter, fueled by a rebound in dealmaking that also helped its rivals.
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Nvidia (NASDAQ:NVDA) stock rose 0.7%, with the chipmaker bouncing after slumping nearly 5% in the previous session, following a report the Biden administration is considering capping AI chip exports by U.S. companies.
- Abbott Laboratories (NYSE:ABT) stock rose 0.2% after the company slightly lifted its annual profit forecast, after beating Wall Street estimates for quarterly earnings on strong sales of its medical devices including its glucose-monitoring products.
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ASML (AS:ASML) ADRs fell 3.5%, adding to the previous session’s 16% losses, after the world's biggest chip making equipment manufacturer slashed its guidance for next year and reported third-quarter orders that were almost half of what had been projected.
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United Airlines (NASDAQ:UAL) stock rose 1.3% after the carrier reporting third-quarter earnings ahead of expectations and announcing a new $1.5 billion share repurchase program.
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Trump Media & Technology (NASDAQ:DJT) stock rose 5.9%, bouncing back after sinking nearly 10% in the previous session in the second heaviest trading session since the Truth Social platform's Wall Street debut in March.
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Cisco (NASDAQ:CSCO) stock rose 1.9% after Citigroup upgraded its stance on the network equipment maker to ‘buy’ from ‘neutral’, citing a larger potential impact from its artificial intelligence operations.
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Qualcomm (NASDAQ:QCOM) stock fell 0.2% after Citi analysts placed the company on a negative catalyst watch, citing weaker handset demand and other headwinds.
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Interactive Brokers (NASDAQ:IBKR) stock fell 2.9% after the automated global electronic broker missed expectations for adjusted third-quarter earnings, even as it reported a rise in revenue.
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Novocure (NASDAQ:NVCR) stock rose 21% after the announcement that the FDA had approved the drugmaker’s Optune Lua, a wearable device designed to treat certain types of lung cancer.
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JB Hunt (NASDAQ:JBHT) stock rose 7.5% after the trucking firm reported third-quarter profit above expectations, helped by improving volumes in its largest segment, intermodal.