Midday movers: Eli Lilly, Robinhood and Zillow rise; Warner Bros, Fastly, Bumble fall
Investing.com -- U.S. stock futures surged Thursday after key weekly jobs data eased recession fears.
Here are some of the biggest U.S. stock movers today:
Warner Bros Discovery (NASDAQ: WBD) stock fell 11% premarket after the entertainment giant reported a quarterly net loss of $10 billion, announcing it has written down the value of its traditional television networks by $9.1bn, a dramatic recognition of how fast streaming is eroding the cable business model.
Eli Lilly (NYSE: LLY) stock rose 8% after the drug maker raised its annual profit forecast and sales of its popular weight-loss drug Zepbound crossed $1 billion for the first time in a quarter.
Bumble (NASDAQ: BMBL) stock fell 32% after the online dating agency cut its annual revenue growth forecast, sparking worries about its growth plans.
Restaurant Brands (NYSE: QSR) stock rose 2.5% despite the fast food group's sales growing less than expected in the second quarter, pointing to a weak consumer backdrop.
Apple (NASDAQ: AAPL) stock rose 0.9% after CNBC reported that the iPhone maker could charge its users up to $20 for its advanced artificial intelligence features, as the company looks to boost the growth of its lucrative services business.
Robinhood (NASDAQ: HOOD) stock rose 2.3% after the trading platform recorded a profitable second quarter in 2024, propelled by a renewed interest in crypto trading.
Fastly (NYSE: FSLY) stock slumped 17% after the edge cloud platform provider posted disappointing guidance, despite a solid second quarter.
Zillow (NASDAQ: ZG) stock rose 19% after the online real estate broker exceeded second-quarter expectations and named chief operating officer Jeremy Wacksman new CEO after Rich Barton stepped down.
Monster Beverage (NASDAQ: MNST) stock fell 10% after the energy drink maker disappointed with second-quarter sales as an uncertain economic environment hit demand.
McKesson (NYSE: MCK) fell 11%, the most in four years, after revenue missed estimates and guidance disappointed investors.
Datadog (NASDAQ: DDOG) rose 3% after reporting solid second quarter results and strong guidance.
Additional reporting by Louis Juricic