
(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:
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.
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.
Bumble (BMBL) stock fell 32% after the online dating agency cut its annual revenue growth forecast, sparking worries about its growth plans.
Restaurant Brands (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.
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.
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.
Fastly (NYSE:FSLY) stock slumped 17% after the edge cloud platform provider posted disappointing guidance, despite a solid second quarter.
Zillow (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.
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.
McKesson (NYSE:MCK) fell 11%, the most in four years, after revenue missed estimates and guidance disappointed investors.
Datadog (NASDAQ:DDOG) rose 3% after reporting solid second quarter results and strong guidance.
Additional reporting by Louis Juricic
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.