U.S. stock futures mostly rose Thursday, with the tech stocks rebounding after the previous season’s rout.
Here are some of the biggest premarket U.S. stock movers today:
- Taiwan Semiconductor Manufacturing (NYSE:TSM) stock rose 1.1% after the world’s largest contract chipmaker posted a hefty 36% rise in second-quarter net profit earlier Thursday, riding the surge in demand for semiconductors used in artificial intelligence applications.
- Netflix (NASDAQ:NFLX) stock rose 0.3% ahead of the streaming giant’s quarterly results after the close. It has already guided for lower net subscriber additions in the second quarter than in the year’s first three months.
- DR Horton (NYSE:DHI) stock fell 2.1% after the homebuilder trimmed its full-year revenue outlook, even after it beat estimates for quarterly profit, and also approved a new share buyback authorization totaling $4 billion.
- Domino’s Pizza (NYSE:DPZ) stock slumped 12% after the pizza chain missed estimates for quarterly same-store sales, as inflation worries discouraged U.S. consumers.
- Beyond Meat (NASDAQ:BYND) stock dropped 13% following a report the plant-based meat producer has engaged with bondholders to begin discussions about restructuring its balance sheet.
- Novartis (SIX:NOVN) ADRs fell 2.1% despite the Swiss pharma giant raising its profit guidance, as the Swiss drugmaker reported second-quarter profit and sales ahead of expectations.
- Infosys (NS:INFY) ADRs rose 3.8% after the Indian outsourcing giant reported growing profits and forecast a slight pickup in sales growth for the year.
- Blackstone (NYSE:BX) stock fell 0.8% after the investment firm posted only a modest rise in its second-quarter distributable earnings, with a jump in asset sales in its private equity and credit divisions offsetting a slump in its real estate arm.
