Caterpillar, Merck rise premarket; Pfizer, JetBlue and ZoomInfo fall
Investing.com -- U.S. futures edged lower Tuesday, with investors digesting more corporate earnings as well as key job openings data.
Here are some of the biggest premarket U.S. stock movers today:
Meta Platforms (NASDAQ: META) stock fell 0.4% after the Financial Times reported that the tech giant is preparing to release new artificial intelligence-powered chatbots that have different personalities, in an attempt to boost user engagement.
Caterpillar (NYSE: CAT) stock rose 1.6% after the construction equipment maker reported a rise in quarterly profit, as higher infrastructure spending in regions such as North America drove demand for its products.
Pfizer (NYSE: PFE) stock fell 1% after the drugmaker beat earnings estimates but fell short of Wall Street estimates for quarterly revenue, hit by declining sales of its COVID-19 products.
Amazon (NASDAQ: AMZN) stock fell 0.3% after the online retail giant announced plans to invest about $7.2 billion through 2037 in Israel, and launched its Amazon Web Services data centers in the country.
Merck (NYSE: MRK) stock rose 1.7% after the drugmaker posted a narrower-than-expected second-quarter loss and raised its full-year profit forecast on the strength of its two top-selling products, cancer immunotherapy Keytruda and human papillomavirus vaccine Gardasil.
JetBlue (NASDAQ: JBLU) stock fell 5% after the low-cost carrier cut its full-year profit forecast, citing a hit from the termination of its revenue-sharing deal with American Airlines (NASDAQ: AAL).
BP (NYSE: BP) ADRs rose 1.1% after the oil major raised its dividend and announced a share buyback despite an earnings drop.
HSBC (NYSE: HSBC) ADRs rose 0.8% after Europe’s largest bank announced a $2 billion buyback as it reported higher profits and revenue for the first half of 2023.
Arista Networks (NYSE: ANET) stock rose over 12% after the computer networking company forecast quarterly revenue above estimates after delivering better-than-expected results, supported by higher demand for its cloud networking gear.
ZoomInfo Technologies (NASDAQ: ZI) stock fell 19% after the software and data company cut its full-year earnings and revenue outlook.