US Stock Futures Update

US stock futures edged higher Friday, continuing the post-election rally following Donald Trump’s election win and the Federal Reserve's interest rate cut.

Notable Premarket US Stock Movers:

• Airbnb (NASDAQ:ABNB): Stock fell 5.1% after the online holiday rental platform reported a decline in profit for Q3, despite marginally exceeding revenue expectations.

• Block (NYSE:SQ): Stock declined 2.9% after reporting Q3 revenue below expectations, signaling softer consumer spending despite beating profit forecasts through disciplined expense management.

• Rivian (NASDAQ:RIVN): Stock increased by 1.2% as the EV manufacturer confirmed a path to profitability amidst challenges like falling EV demand and parts shortages.

• Taiwan Semiconductor Manufacturing (NYSE:TSM): Stock rose 1.4% after reporting a 24.8% increase in sales for October compared to the previous month, and a 29.2% increase year-over-year.

• Akamai Technologies (NASDAQ:AKAM): Stock dropped 7.3% following weak guidance after its Q3 results.

• Trump Media & Technology (NASDAQ:DJT): Stock fell 3.4%, adding to a previous 23% drop, and is set to end the week lower despite Trump's election win.

• Lucid Group (NASDAQ:LCID): Stock rose 5% after exceeding Q3 expectations, aided by cost-cutting measures in preparation for consumer production of a new SUV later this year.

• Affirm Holdings (NASDAQ:AFRM): Stock decreased by 5% despite reporting better-than-expected fiscal Q1 results, with the market anticipating more.