Apple, Amazon and Airbnb fall premarket; ExxonMobil rises

Published 05/02/2025, 07:18 AM
© Reuters.

Investing.com -- U.S. stock futures rose Friday, boosted by optimism over the potential for Sino-U.S.trade talks, while earnings continued to flow.

Here are some of the biggest premarket U.S. stock movers today:

  • Apple (NASDAQ:AAPL) stock fell 2.9% after the iPhone maker trimmed its share buyback program by $10 billion, with CEO Tim Cook estimating that tariffs could add about $900 million in costs this quarter.

  • Amazon (NASDAQ:AMZN) stock fell 0.8% after the e-commerce giant reported first-quarter cloud revenue growth and forecast operating income below estimates, disappointing investors.

  • Airbnb (NASDAQ:ABNB) stock fell 5.2% after the short-term rental company issued a weak outlook for the second quarter, blaming economic uncertainties for softer travel demand in the U.S..

  • Exxon Mobil (NYSE:XOM) stock rose 1% after the oil major beat expectations for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings.

  • Chevron (NYSE:CVX) stock fell 2% after the oil producer reported first-quarter earnings that met expectations, as the company saw a turnaround in its refining business from a loss late last year.

  • Dupont De Nemours (NYSE:DD) stock rose 1.6% after the chemicals company beat expectations for first-quarter profit, helped by higher sales in its unit that caters to the electronics industry.

  • Cigna (NYSE:CI) stock rose 1.1% after the health insurer reported stronger-than-expected first quarter results, seeing growth across its diversified portfolio of businesses, and raised its full-year earnings guidance.

  • Magna International (NYSE:MGA) stock fell 2% after the auto parts supplier’s earnings came in short of expectations, while maintaining its full-year 2025 outlook.

  • Block (NYSE:XYZ) stock slumped 21% after the payments firm cut its profit forecast for 2025 and missed estimates for quarterly earnings as it grappled with muted consumer spending.

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