Morgan Stanley, United Airlines, Trump Media rise premarket; ASML falls

Investing.com -- US stock futures traded in a stable manner Wednesday, steadying after the previous season’s tech-inspired losses as quarterly corporate earnings continue to emerge.

Here are some of the biggest premarket US stock movers today Morgan Stanley (NYSE:MS ) stock rose 2.3% after the banking major's profit rose in the third quarter, fueled by a rebound in dealmaking that also helped its rivals. Nvidia (NASDAQ:NVDA ) stock rose 0.7%, with the chipmaker bouncing after slumping nearly 5% in the previous session, following a report the Biden administration is considering capping AI chip exports by U.S. companies. Abbott Laboratories (NYSE:ABT ) stock rose 0.2% after the company slightly lifted its annual profit forecast, after beating Wall Street estimates for quarterly earnings on strong sales of its medical devices including its glucose-monitoring products. ASML (AS:ASML ) ADRs fell 3.5%, adding to the previous session’s 16% losses, after the world's biggest chip making equipment manufacturer slashed its guidance for next year and reported third-quarter orders that were almost half of what had been projected. United Airlines (NASDAQ:UAL ) stock rose 1.3% after the carrier reporting third-quarter earnings ahead of expectations and announcing a new $1.5 billion share repurchase program. Trump Media & Technology (NASDAQ:DJT ) stock rose 5.9%, bouncing back after sinking nearly 10% in the previous session in the second heaviest trading session since the Truth Social platform's Wall Street debut in March. Cisco (NASDAQ:CSCO ) stock rose 1.9% after Citigroup upgraded its stance on the network equipment maker to ‘buy’ from ‘neutral’, citing a larger potential impact from its artificial intelligence operations. Qualcomm (NASDAQ:QCOM ) stock fell 0.2% after Citi analysts placed the company on a negative catalyst watch, citing weaker handset demand and other headwinds. Interactive Brokers (NASDAQ:IBKR ) stock fell 2.9% after the automated global electronic broker missed expectations for adjusted third-quarter earnings, even as it reported a rise in revenue. Novocure (NASDAQ:NVCR ) stock rose 21% after the announcement that the FDA had approved the drugmaker’s Optune Lua, a wearable device designed to treat certain types of lung cancer. JB Hunt (NASDAQ:JBHT ) stock rose 7.5% after the trucking firm reported third-quarter profit above expectations, helped by improving volumes in its largest segment, intermodal.

Source: Investing.com