Investing.com -- US stock futures weakened Thursday, weighed by disappointment after earnings from tech giants Meta Platforms and Microsoft as well as key inflation data.
Here are some of the biggest premarket US stock movers today:
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Meta Platforms (NASDAQ:META) stock fell 2.9% after the Facebook owner reported rising artificial intelligence-related costs, which dampened optimism surrounding better-than-expected third-quarter earnings and revenue, fueled by strong growth in ad impressions and pricing.
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Microsoft (NASDAQ:MSFT) stock fell 3.7% after the tech giant predicted slower growth in its Azure cloud business, signaling that the company's already hefty AI investments were not enough to keep pace with capacity constraints.
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eBay (NASDAQ:EBAY) stock fell 9% after the ecommerce firm reported disappointing guidance for the crucial holiday shopping season.
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Robinhood (NASDAQ:HOOD) stock fell 10% after the trading platform reported that its third-quarter earnings missed expectations, although crypto trading volume and revenue doubled year-on-year.
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Uber (NYSE:UBER) stock fell 5.7% after the ride-hailing firm’s gross bookings grew at its slowest pace in over a year, even as it edged past quarterly profit estimates.
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Merck (NYSE:MRK) stock fell 0.8% after the drugmaker warned of ongoing sluggishness in sales of its Gardasil vaccine in China, even after posting better-than-anticipated third-quarter profit.
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Estee Lauder (NYSE:EL) stock slumped 16% after the cosmetics giant reported a revenue miss and withdrew its fiscal 2025 outlook amid ongoing challenges in China and travel retail.
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Mobileye Global (NASDAQ:MBLY) stock rose 8.7% after the self-driving tech firm topped expectations for quarterly revenue as a rebound in car sales in China led to improved demand for its driver-assistance chips.
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Peloton (NASDAQ:PTON) stock rose 7.5% after the connected fitness bike company named Peter Stern as its new CEO, ending a long-running search for a successor to former boss Barry McCarthy, as it looks to overhaul its flagging subscription growth.
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Comcast (NASDAQ:CMCSA) stock rose 6% after the media giant beat third-quarter revenue estimates, driven by strong box office performance for its studio, higher ad sales during the 2024 Paris Olympics and a smaller-than-expected decline in broadband subscribers.