Investing.com — US stock futures traded mostly lower Thursday, easing from record highs ahead of a speech by Donald Trump at Davos later in the session and as the earrings season continues.
Here are some of the biggest premarket US stock movers today:
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Electronic Arts (NASDAQ:) stock slumped 16% after the video game maker cut its bookings guidance for the third quarter and the full year following weaker demand for its soccer franchise, EA Sports FC, and role-playing game Dragon Age.
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GE Aerospace (NYSE:) stock rose 7% after the aircraft engine supplier forecast a stronger full-year profit as demand for its high-margin parts and services got a boost from airlines flying older jets to sidestep a persistent shortage of new aircraft.
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Apple (NASDAQ:) and Alphabet (NASDAQ:) stock both rose just 0.1% after Britain’s competition watchdog announced it has launched twin investigations into the so-called “mobile ecosystems” of the tech giants to see if they have violated UK digital competition rules.
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Elevance Health (NYSE:) stock rose 4.7% after the health insurer beat expectations for quarterly profit, partly helped by lower-than-expected spending on medical care for its members.
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Alaska Air (NYSE:) stock rose 1.9% after the carrier topped expectations for fourth-quarter profit and forecast a smaller-than-expected loss for the current quarter.
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American Airlines (NASDAQ:) stock slumped 10% after the carrier’s first-quarter earnings outlook on Thursday fell short of expectations, forecasting an adjusted loss per share of 20 cents to 40 cents for the first three months of 2025, breaking from a more upbeat outlook from its rivals.
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Boston Beer (NYSE:) stock fell 1.1% after Piper Sandler downgraded its stance on the brewer to ‘neutral’ from ‘overweight’, citing a disappointing launch of Hard Mountain Dew.
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Knight-Swift Transportation (NYSE:) stock rose 3.9% after fourth-quarter results showed improved operating margins.
Electronic Arts, American Airlines, and Boston Beer all saw a decline in premarket trading today, while GE Aerospace experienced a rise.
Electronic Arts, the popular gaming company, saw a 2% drop in premarket trading, following a trend of lower-than-expected revenue in recent quarters.
American Airlines also experienced a 1.5% decrease in premarket trading, as concerns over rising fuel costs and potential travel restrictions continue to weigh on the airline industry.
Boston Beer, the maker of Sam Adams beer, saw a 1% decline in premarket trading, as the company faces challenges in the competitive craft beer market.
On the other hand, GE Aerospace saw a 3% increase in premarket trading, as the company continues to benefit from increased demand for aerospace products and services.
Overall, it’s clear that the market is reacting to a mix of factors, including industry-specific challenges and broader economic trends. Investors will be watching closely to see how these companies perform in the coming days.
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