Investing.com -- US stock futures rose Wednesday, continuing the positive sentiment in the wake of Donald Trump’s inauguration at the start of the week.
Here are some of the biggest premarket US stock movers today:
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Netflix (NASDAQ:NFLX) stock soared 14% after the streaming giant reported better-than-expected fourth-quarter results bolstered by a spike in subscriber additions.
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Oracle (NYSE:ORCL) stock jumped 8.7% higher, adding to the previous session’s strong gains sparked by President Donald Trump's announcement that the computer software group would participate in an up to $500 billion private-sector investment into artificial intelligence infrastructure.
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Procter & Gamble (NYSE:PG) stock rose 3.3% after the consumer goods giant reported net sales in its fiscal second quarter that topped analysts' estimates, fueled in large part by strong demand in its key US market.
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Abbott Laboratories (NYSE:ABT) stock fell 2.1% after the medical devices company forecast first-quarter profit below estimates, along with weak fourth-quarter sales in segments other than medical devices.
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Johnson & Johnson (NYSE:JNJ) stock fell 1.5%, weighed by a hefty dip in sales of its blockbuster psoriasis treatment Stelara, even as the pharmaceutical firm posted better-than-expected fourth-quarter adjusted earnings and sales.
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GE Vernova (NYSE:GEV) stock rose 1% after the energy company, spun off from General Electric (NYSE:GE), announced its fourth-quarter results missed expectations.
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United Airlines (NASDAQ:UAL) stock rose 4% after the carrier issued better than expected fourth-quarter results, painting an upbeat outlook.
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General Motors (NYSE:GM) stock fell 0.6% after the National Highway Traffic Safety Administration said that the auto giant is recalling about 2,890 Chevrolet Equinox EV vehicles due to concerns about their adaptive cruise control.
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Travelers (NYSE:TRV) stock rose 6.2% after the insurer beat estimates for fourth-quarter profit, as strength in its underwriting business cushioned a blow from elevated catastrophe losses.
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Textron (NYSE:TXT) stock fell 3.9% after the aerospace and defense company reported fourth-quarter 2024 earnings that fell short of analyst expectations.