🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

Airbnb, Trump Media, Affirm fall premarket; Rivian, Lucid rise

Published 2024-11-08, 05:52 a/m
© Reuters.
AKAM
-
TSM
-
LCID
-
ABNB
-
AFRM
-
RIVN
-

Investing.com -- US stock futures edged higher Friday, continuing the post-election rally after Donald Trump won the US presidency and the Federal Reserve cut interest rates.

Here are some of the biggest premarket US stock movers today:

  • Airbnb (NASDAQ:ABNB) stock fell 5.1% after the online holiday rental platform saw profit fall in the third quarter, though revenue marginally exceeded expectations.

  • Block (NYSE:SQ) stock fell 2.9% after the fintech firm reported third-quarter revenue below expectations on Thursday, signaling softer consumer spending and overshadowing a profit beat that was powered by disciplined expense management.

  • Rivian (NASDAQ:RIVN) stock rose 1.2% after the EV manufacturer confirmed its road to profitability, despite a difficult environment of falling EV demand and parts shortages that are cutting into production.

  • Taiwan Semiconductor Manufacturing (NYSE:TSM) stock rose 1.4% after the world’s biggest contract chipmaker reported healthy sales in October, up 24.8% from the prior month and up 29.2% from October 2023.

  • Akamai Technologies (NASDAQ:AKAM) stock slumped 7.3% after the cloud computing company offered up tepid guidance in the wake of its third-quarter results.

  • Trump Media & Technology (NASDAQ:DJT) stock fell 3.4%, adding to the previous session’s 23% slump, putting it on course to end the week lower despite Trump’s election victory.

  • Lucid Group (NASDAQ:LCID) stock rose 5% after the electric carmaker beat third-quarter expectations, helped by cost cutting ahead of plans to begin consumer production of a new SUV by the end of this year.

  • Affirm Holdings (NASDAQ:AFRM) stock fell 5% despite the digital payment platform reporting better-than-expected fiscal first-quarter results, with the market wanting more.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.