Investing.com -- U.S. stocks were falling on Thursday after hotter than expected data on gross domestic product growth, as investors await Amazon (NASDAQ:AMZN)'s earnings report.
Here are some of the biggest U.S. stock movers today:
Meta Platforms (NASDAQ:META) stock fell 4.7% after the Facebook-parent exceeded third-quarter expectations, but the management said on the earnings call that brand advertising demand softened at the beginning of the fourth quarter.
IBM (NYSE:IBM) (IBM) stock rose 3.8% after the tech company beat expectations on profit for the third quarter and reaffirmed its outlook.
United Parcel (NYSE:UPS) Service (UPS) stock fell 5.4% after the delivery service cut its 2023 revenue forecast due to lower e-commerce delivery demand as it fights to win back customers lost during its difficult labor talks.
Ford (NYSE:F) stock slipped 1.5% after the auto giant reached a tentative labor deal with the United Auto Workers union to end a strike.
Align (NASDAQ:ALGN) stock slumped 25% after the dental company lowered its full-year revenue forecast.
Hasbro (NASDAQ:HAS) stock fell 9.8% after the toymaker cut its annual revenue forecast for the second time, warning of choppy toy sales into the crucial holiday quarter.
Merck (MRK) stock rose 2.9% after the drugmaker reported higher-than-expected third-quarter sales and profit on surprisingly strong demand for its COVID-19 treatment, primarily in Japan.
Southwest Airlines (NYSE:LUV) stock fell 0.8% after the carrier reported a third-quarter profit that fell about 30% on soaring labor and fuel costs.
Northrop Grumman (NYSE:NOC) (NOC) stock rose 0.4% after the defense company raised its annual revenue target for the second time this year after reporting a jump in third-quarter revenue and profit helped by strong weapons demand.
Kenvue (NYSE:KVUE) stock fell 5% after the Johnson & Johnson (NYSE:JNJ) spinoff cut its annual profit forecast, as it expects lower demand for its cough, cold and flu medicines.