JPMorgan, Wells Fargo, Uber rise premarket; Tesla falls

Investing.com -- US stock futures fell Friday, with investors awaiting the start of the new quarterly earnings season as major banks report their numbers.

Here are some of the biggest premarket US stock movers today Tesla (NASDAQ:TSLA ) stock fell 6.6% after the EV manufacturer unveiled its long-awaited "Cybercab" robotaxi, although analysts flagged that CEO Elon Musk provided few answers to crucial questions surrounding the technology. JPMorgan Chase (NYSE:JPM ) stock rose 2% after the largest US lender by assets topped quarterly estimates for profit and revenue on higher-than-expected net interest income. Wells Fargo (NYSE:WFC ) stock rose 2.9% after the bank reported third-quarter earnings that beat expectations, boosted by lower expenses and credit costs. Uber (NYSE:UBER ) stock rose 4.9% after Tesla’s much-anticipated Robotaxi event failed to impress investors, with Jefferies saying, Tesla’s “toothless taxi is a best-case outcome for Uber.” BlackRock (NYSE:BLK ) stock rose 1.5% after the assets under management at the world’s largest asset manager hit a record high for the third straight quarter, helped by surging inflows to the company's exchange-traded funds and a strong equity rally. BP (NYSE:BP ) ADRs fell 0.7% after the energy giant warned that weak refining margins are expected to hit its third-quarter result by as much as $600 million. Stellantis (NYSE:STLA ) stock fell 2.9% after the auto giant announced a management level shake-up aimed at revitalizing its performance following a period of slipping profits and production cuts. Mobileye Global (NASDAQ:MBLY ) stock fell 2% after Mizuho downgraded its stance on the autonomous driving company to ‘neutral’ from ‘outperform’, citing slowing auto sales and increasing competition. Humana (NYSE:HUM ) stock fell 3.8% after the health insurance company suffered a setback in the industry’s star ratings. Ferrari (NYSE:RACE ) stock rose 1.6% after JPMorgan upgraded its stance on the luxury auto manufacturer to ‘overweight’ from ‘neutral’, citing “high visibility earnings growth.”

Source: Investing.com