US stock futures traded mostly lower on Thursday, easing from record highs ahead of a speech by Donald Trump at Davos later in the session and as the earnings season continues. Several major companies reported earnings, with some exceeding expectations while others fell short. Activision Blizzard slumped after cutting its bookings guidance, while General Electric rose on a stronger profit forecast.
US stock futures traded mostly lower on Thursday, easing from record highs ahead of a speech by Donald Trump at Davos later in the session and as the earnings season continues. Activision Blizzard stock slumped 16% after the video game maker cut its bookings guidance for the third quarter and the full year following weaker demand for its soccer franchise, EA Sports FC, and role-playing game Dragon Age.
General Electric stock rose 7% after the aircraft engine supplier forecast a stronger full-year profit as demand for its high-margin parts and services got a boost from airlines flying older jets to sidestep a persistent shortage of new aircraft. Microsoft stock rose just 0.1% after Britain's competition watchdog announced it has launched twin investigations into the so-called'mobile ecosystems' of the tech giants to see if they have violated UK digital competition rules. UnitedHealth Group stock rose 4.7% after the health insurer beat expectations for quarterly profit, partly helped by lower-than-expected spending on medical care for its members. Delta Air Lines stock rose 1.9% after the carrier topped expectations for fourth-quarter profit and forecast a smaller-than-expected loss for the current quarter. Netflix stock slumped 10% after the carrier’s first-quarter earnings outlook on Thursday fell short of expectations, forecasting an adjusted loss per share of 20 cents to 40 cents for the first three months of 2025, breaking from a more upbeat outlook from its rivals. Molson Coors Beverage stock fell 1.1% after Piper Sandler downgraded its stance on the brewer to ‘neutral’ from ‘overweight’, citing a disappointing launch of Hard Mountain Dew.
US Stock Futures Donald Trump Davos Earnings Season Activision Blizzard General Electric Microsoft Unitedhealth Group Delta Air Lines Netflix Molson Coors Beverage
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