Investing.com — US stock futures mostly rose Thursday, ahead of the release of more corporate earnings and US retail sales data.
Here are some of the biggest premarket US stock movers today:
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Bank of America (NYSE:) stock rose 2% after the second-largest US lender reported higher profit as its investment bankers capitalized on resurgence in dealmaking in the fourth quarter.
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Morgan Stanley (NYSE:) stock rose 1% after the bank’s profit increased in the fourth quarter, fueled by a wave of dealmaking for the investment bank.
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Target (NYSE:) stock rose 2.1% after the retail giant lifted its forecast for comparable sales for the fourth quarter, buoyed by robust shopper demand for clothing, toys and beauty products during November and December.
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Unitedhealth (NYSE:) stock fell 4.1% after the healthcare conglomerate reported fourth-quarter revenue below estimates, hurt by weakness in its health insurance unit.
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Tesla (NASDAQ:) stock fell 0.8% after CNBC reported that the EV manufacturer has begun offering discounts on new Cybertruck models in its inventory, referencing pricing information from the company’s website.
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BP (NYSE:) ADRs rose 0.5% after the energy giant announced it will cut over 5% of its global workforce as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence in the energy giant.
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Southwest Airlines (NYSE:) stock fell 2.5% after the US Transportation Department sued the carrier, accusing it of illegally operating multiple chronically delayed flights.
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Polestar (NASDAQ:) stock fell 9% after the Swedish EV maker sold fewer-than-expected cars, with the CEO adding that it will take longer for the company to be profitable.
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Taiwan Semiconductor Manufacturing (NYSE:) stock rose 4.3% after the Taiwanese chipmaker said fourth-quarter net profit rose 57% to a record, as it benefits from surging demand for semiconductors used in artificial intelligence processing.
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