Investing.com -- US stock futures slipped lower Wednesday, as investors focused on a slew of earnings and trade tensions between the US and China.
Here are some of the biggest premarket US stock movers today:
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Alphabet (NASDAQ:GOOGL) stock fell 6.9% after the Google parent said it plans to spend $75 billion on building out its artificial intelligence capabilities this year, well above the $58 billion in capital expenditures pencilled in by analysts.
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Apple (NASDAQ:AAPL) stock fell 2% after Bloomberg reported that Chinese regulators are considering whether to open a formal probe into the iPhone giant’s App Store fees and policies.
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Snap (NYSE:SNAP) stock rose 2.3% after the Snapchat-owner posted better-than-expected quarterly earnings and issued upbeat guidance on the back of stabilizing digital ad spending.
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Chipotle (NYSE:CMG) stock fell 4.6% after the burrito chain reported fourth-quarter same-store sales that rose less than expected.
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AMD (NASDAQ:AMD) stock fell 9.8% after the computer hardware manufacturer's fourth-quarter data center revenue came in at $3.9 billion, below consensus expectations of $4.15 billion.
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Walt Disney (NYSE:DIS) stock rose 1.6% after the media giant posted better-than-anticipated first-quarter earnings, bolstered in large part by returns during the holiday period from its animated film "Moana 2".
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Uber (NYSE:UBER) stock fell 5.3% after the ride-hailing and food delivery giant forecast current-quarter bookings below estimates, joining a slew of US companies in warning that a strong dollar could hurt the first three months of 2025.
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New York Times (NYSE:NYT) stock rose 0.2% after the newspaper forecast first-quarter subscription revenue growth below estimates, signaling growing competition for attracting new subscribers.
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Emerson Electric (NYSE:EMR) stock fell 1.5% after the engineering company issued weaker-than-expected guidance for the second quarter.
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Capri (NYSE:CPRI) stock fell 3.3% after the fashion holding company forecast annual revenue below estimates, as the Michael Kors owner grappled with slowing demand for luxury goods and persistent declines in the Americas and Asia.
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Harley-Davidson (NYSE:HOG) stock fell 3.1% after the motorcycle manufacturer said it expects 2025 motorcycle revenue to be flat to down 5%, as consumers pulled back from big-ticket purchases.