Investing.com — US stock futures slipped lower Tuesday, as investors digested more corporate earnings with the new season hitting top gear.
Here are some of the biggest premarket US stock movers today:
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General Motors (NYSE:GM) stock rose 0.7% after the auto giant reported third-quarter earnings that exceeded analyst estimates, helped by robust revenue growth and improved profitability.
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Verizon (NYSE:VZ) stock fell 1.6% after the telecom giant reported mixed third-quarter results, with earnings slightly beating expectations but revenue falling short. It maintained its full-year guidance as it continues to see growth in wireless and broadband subscribers.
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3M (NYSE:MMM) stock rose 4.1% after the industrial conglomerate reported better-than-expected third-quarter earnings and revenue.
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RTX (NYSE:RTX) stock rose 0.8% after the aerospace and defense company reported third-quarter earnings that surpassed analyst estimates, and raised its full-year guidance, driven by strong demand in commercial aftermarket and defense sectors.
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Target (NYSE:TGT) stock fell 0.2% after the retail giant announced plans to reduce prices on more than 2,000 items in an effort to attract bargain-hunting shoppers during the holiday season.
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GE Aerospace (NYSE:GE) stock fell 4.2% after the company reported mixed third-quarter results, with earnings just beating expectations but revenue falling short.
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PulteGroup (NYSE:PHM) stock rose 1.2% after the housebuilder beat expectations for third-quarter profit as demand grew for its properties and prices were driven higher by a shortage in existing homes.
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SAP (NYSE:SAP) ADRs rose 4% after the German software company raised its full-year targets on a strong cloud business in the third quarter.
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Zions Bancorporation (NASDAQ:ZION) stock gained 3% after the lender reported strong third-quarter earnings, up 21% from the same quarter last year.
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HSBC (NYSE:HSBC) ADRs fell 0.3% after the UK-based lender unveiled new plans to carry out a sweeping overhaul of its corporate structure.
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Lucid Group (NASDAQ:LCID) stock rose 3.1% after CEO Peter Rawlinson told CNBC said investors misinterpreted a public offering, which raised roughly $1.75 billion, as it was a timely, strategic business decision to ensure the electric vehicle company has enough capital for its ongoing operations and growth plans.
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