(Updated - August 8, 2024 11:33 AM EDT)
Investing.com -- U.S. stock futures surged Thursday after key weekly jobs data eased recession fears.
Here are some of the biggest U.S. stock movers today:
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Warner Bros Discovery (NASDAQ:WBD) stock fell 11% premarket after the entertainment giant reported a quarterly net loss of $10 billion, announcing it has written down the value of its traditional television networks by $9.1bn, a dramatic recognition of how fast streaming is eroding the cable business model.
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Eli Lilly (NYSE:LLY) stock rose 8% after the drug maker raised its annual profit forecast and sales of its popular weight-loss drug Zepbound crossed $1 billion for the first time in a quarter.
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Bumble (BMBL) stock fell 32% after the online dating agency cut its annual revenue growth forecast, sparking worries about its growth plans.
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Restaurant Brands (TSX:QSP_u) (NYSE:QSR) stock rose 2.5% despite the fast food group's sales growing less than expected in the second quarter, pointing to a weak consumer backdrop.
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Apple (NASDAQ:AAPL) stock rose 0.9% after CNBC reported that the iPhone maker could charge its users up to $20 for its advanced artificial intelligence features, as the company looks to boost the growth of its lucrative services business.
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Robinhood (NASDAQ:HOOD) stock rose 2.3% after the trading platform recorded a profitable second quarter in 2024, propelled by a renewed interest in crypto trading.
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Fastly (NYSE:FSLY) stock slumped 17% after the edge cloud platform provider posted disappointing guidance, despite a solid second quarter.
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Zillow (NASDAQ:Z) (NASDAQ:ZG) stock rose 19% after the online real estate broker exceeded second-quarter expectations and named chief operating officer Jeremy Wacksman new CEO after Rich Barton stepped down.
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Monster Beverage (NASDAQ:MNST) (MNST) stock fell 10% after the energy drink maker disappointed with second-quarter sales as an uncertain economic environment hit demand.
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McKesson (NYSE:MCK) fell 11%, the most in four years, after revenue missed estimates and guidance disappointed investors.
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Datadog (NASDAQ:DDOG) rose 3% after reporting solid second quarter results and strong guidance.
Additional reporting by Louis Juricic