Amazon, DraftKings and Dropbox rise premarket; Apple, Airbnb fall
Investing.com -- U.S. futures steadied Friday, as investors digested some key tech earnings ahead of the release of the widely-watched official monthly jobs report.
Here are some of the biggest premarket U.S. stock movers today:
Amazon (NASDAQ: AMZN) stock rose 8.7% after the online retail giant’s results showed signs that both its growth engines, e-commerce and cloud-computing, were faring well in an uncertain economy.
Apple (NASDAQ: AAPL) stock fell 2.5% after the iPhone maker warned that it was headed for the fourth straight quarter of declining sales as demand continues to slow for its flagship device, especially in developed markets.
Alphabet (NASDAQ: GOOGL) stock rose 0.4% after the parent of Google said it had slashed its stake in Robinhood (NASDAQ: HOOD), up 1.1%, by nearly 90%, days after the trading app said it had turned a profit for the first time as a public company.
Airbnb (NASDAQ: ABNB) stock fell 0.5% after the holiday rental firm indicated softening U.S. domestic demand even after it forecast third-quarter revenue above market estimates.
DraftKings (NASDAQ: DKNG) stock rose 11.2% after the betting company reported a surprise quarterly profit, and offered up an upbeat full-year sales forecast as new sports-betting customers emerge.
Dropbox (NASDAQ: DBX) stock rose 4.9% after the file-hosting service beat expectations with strong second-quarter earnings and sales growth.
Fisker (NYSE: FSR) stock rose 2.2% after the EV manufacturer reported a smaller-than-expected quarterly loss and first revenue from deliveries of its electric sport utility vehicles, which helped counter an annual production cut.
Tupperware (NYSE: TUP) stock soared 62.8% after the kitchen storage container maker finalized a debt restructuring deal.