Investing.com -- U.S. stock futures traded in a volatile fashion Friday after China lifted its duties on U.S. goods again, escalating the trade war between the world’s two largest economies.
Here are some of the biggest premarket U.S. stock movers today:
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JPMorgan Chase (NYSE:JPM) stock rose 2% after the investment banking giant reported first-quarter earnings that exceeded expectations on stronger than expected revenue, but CEO Jamie Dimon struck a note of caution on the broader economy.
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Morgan Stanley (NYSE:MS) stock gained 1.5% after the investment bank topped quarterly earnings on the back of stable income from investment banking and wealth management.
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Wells Fargo (NYSE:WFC) stock rose 1.4% after the lender reported mixed first quarter results, beating earnings expectations but falling short on revenue as higher interest rates impacted its business.
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BlackRock (NYSE:BLK) stock rose 1.3% after the world’s largest money manager’s assets under management increased to a record high in the first quarter but the firm posted a 4% decline in profit amid volatility in financial markets.
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Bank of NY Mellon (NYSE:BK) stock rose 2.5% after the lender reported a 17% jump in first-quarter profit as it managed higher assets under custody that boosted its fee income.
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Apple (NASDAQ:AAPL) stock rose 0.2%, bouncing back after losses of over 12% over the course of the last month as the China-U.S. trade war escalates.
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Tesla (NASDAQ:TSLA) stock fell 0.4% after the EV manufacturer on Friday appeared to have suspended taking new orders for its imported Model S and Model X on its Chinese website.
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Verizon (NYSE:VZ) stock rose 1% after Evercore ISI upgraded its stance on the telecom giant to “outperform” from “in line”, citing its defensive characteristics, domestic skew, and relatively limited exposure to tariffs.
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American Express (NYSE:AXP) stock rose 0.7% after Bank of America lifted its stance on the credit card giant to “buy” from “neutral”, saying the current downtick offers an opportunity to buy a high-quality company at a reasonable valuation.