Eli Lilly, Nvidia and Blackstone rise premarket; Unitedhealth plunges
Investing.com -- U.S. stock futures traded in a mixed fashion Thursday, with the earnings season continuing amid optimism that tariff deals can be reached with the U.S.’s main trading partners.
Here are some of the biggest premarket U.S. stock movers today:
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Nvidia (NASDAQ: NVDA ) stock rose 0.7%, bouncing after the previous session’s sharp losses following the semiconductor giant acknowledging it would be hit by a $5.5 billion quarterly charge tied to new U.S. export controls.
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Eli Lilly (NYSE: LLY ) stock rose 11% after the drugmaker surged 12.5% disclosed positive Phase 3 trial results for orforglipron, a pioneering oral medication for type 2 diabetes.
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Unitedhealth (NYSE: UNH ) stock fell 20% after the health insurer cut its annual profit forecast in anticipation of higher-than-expected medical costs.
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American Express (NYSE: AXP ) stock fell 1.8%, retreating even after the credit card giant reported first-quarter earnings that surpassed expectations, as its premium customers shrugged off fears of a slowdown to continue spending.
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Blackstone (NYSE: BX ) stock rose 2% after the asset manager reported a higher-than-expected profit for the first quarter, driven by proceeds from asset sales across its private equity and credit businesses.
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Truist Financial (NYSE: TFC ) stock rose 1.6% after the lender reported first quarter earnings that beat analyst expectations, even with a fall in first-quarter profit due to weakness in its investment banking and trading unit.
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Bank of America (NYSE: BAC ) stock rose 1% after Phillip Capital upgraded its stance on the lender to “buy” from “accumulate”, highlighting strong growth in investment and brokerage fees, as well as improving net interest income.
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Taiwan Semiconductor Manufacturing (NYSE: TSM ) stock rose 3.4% after the world’s largest contract chipmaker posted a 60% jump in first-quarter net profit, helped by surging demand for semiconductors used in artificial intelligence applications.