Amazon and Tesla fall premarket; Affirm and Pinterest rise

Published 2025-02-07, 08:24 a/m
© Reuters

Investing.com -- US stock futures traded in a subdued manner Friday, as investors awaited the key nonfarm payrolls release for more cues toward future Federal Reserve policy.

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

  • Amazon (NASDAQ:AMZN) stock fell 2.9% after the tech giant outlined in its fourth-quarter earnings report a smaller-than-projected 19% uptick in revenue at Amazon Web Services, the firm’s money-spinning cloud division.

  • Tesla (NASDAQ:TSLA) stock fell 0.4% after the automaker’s sales of China-made electric vehicles fell 11.5% to 63,238 units in January from a year earlier, data from the China Passenger Car Association showed on Friday.

  • Pinterest (NYSE:PINS) stock gained 21% after the social media service reported a strong holiday-quarter performance, posting better-than-anticipated revenue of $1.15 billion - crossing the $1 billion milestone for the first time ever.

  • Affirm (NASDAQ:AFRM) stock soared 13% after the provider of buy now, pay later loans posted a surprise quarterly profit on the back of a strong holiday shopping season and forecast an upbeat annual revenue.

  • Doximity (NYSE:DOCS) stock climbed 24% after the online networking service for medical professionals reported third-quarter fiscal 2025 results that beat expectations for revenue and offered upbeat guidance.

  • Honeywell (NASDAQ:HON) stock rose 0.6% after Deutsche Bank upgraded the aerospace manufacturer to ‘buy’ from ‘hold’, citing its break-up plan which offers 30% upside.

  • Deckers Outdoor (NYSE:DECK) stock rose 0.9% after Citi upgraded its stance on the retailer to ‘buy’ from ‘neutral’, saying the 24% decline in its stock price following its third-quarter earnings release is “unwarranted.”

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