US Stock Futures Steady as Earnings Roll In

US stock futures steadied on Tuesday, with investors bracing for a wave of corporate earnings and notable economic data.

Biggest Premarket Movers

• Ford (NYSE:F) fell 6.5% after the automaker lowered its full-year profit forecast, citing supplier disruptions and warranty costs during a global price war due to overcapacity.

• PayPal (NASDAQ:PYPL) declined 5% despite reporting third-quarter earnings that exceeded analyst expectations, as revenue fell short of forecasts.

• Pfizer (NYSE:PFE) rose 1.6% after raising its full-year profit forecast due to better-than-expected sales of its COVID-19 treatment and strong third-quarter earnings.

• Royal Caribbean (NYSE:RCL) increased 0.7% after strong third-quarter results, although its fourth-quarter earnings guidance was disappointing.

• DR Horton (NYSE:DHI) slumped 9.6% after missing Q4 estimates on revenue and earnings, along with weak guidance for fiscal 2025.

• VF Corp (NYSE:VFC) surged 19% in premarket trading following a profit report after two quarters of losses, driving investor optimism for a turnaround.

• JetBlue (NASDAQ:JBLU) fell 5.6% as the airline forecast declining revenue for the current quarter, despite beating quarterly earnings.

• Boeing (NYSE:BA) decreased 1.2% after announcing a $21 billion capital raise through an upsized share sale to bolster its cash position.

• McDonald's (NYSE:MCD) dropped 2.3% after reporting disappointing global comparable sales, despite surpassing earnings estimates.

• SoFi Technologies (NASDAQ:SOFI) rose 3% as the fintech company posted better-than-expected third-quarter results and increased its full-year outlook.