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US Stock Market Sees Mixed Performance Amid Earnings Reports

On Friday, US stock markets experienced a modest uptick as investors processed a wave of corporate earnings reports for the quarter.

Highlighted below are some of the notable premarket movers in the US stock market today:

Netflix

Netflix (NASDAQ:) shares surged by 6.6% following the company’s announcement of quarterly earnings that exceeded market expectations. During the third quarter, Netflix added 5.07 million new subscribers, although this figure was down from the 8.76 million net new subscribers recorded in the same period last year. This shift suggests a strategic pivot by the streaming service towards prioritizing profitability amid an increasingly competitive landscape.

American Express

American Express (NYSE:) saw its stock drop by 2.3% after it reported third-quarter revenues that fell short of analyst expectations. The financial services conglomerate has also increased its provisions for credit losses. Despite the decline, higher spending on their cards has prompted the company to raise its full-year guidance.

Procter & Gamble

Procter & Gamble (NYSE:) witnessed a 0.8% decline in stock price as it reported first-quarter sales that did not meet projections. This downturn has been attributed to a shift in consumer behavior, with many customers in significant markets like the U.S. and China opting for more affordable brands in the household and personal care sectors.

Tesla

Tesla (NASDAQ:) experienced a slight dip of 0.3% after the National Highway Traffic Safety Administration announced it had opened an investigation into 2.4 million of Tesla’s vehicles, raising concerns among investors about potential regulatory challenges.

CVS Health

CVS Health (NYSE:) suffered a substantial drop of 11% following the release of disappointing preliminary third-quarter financial results, coupled with a leadership change within the company. These developments have sparked investor concern over the company’s performance.

Apple

Apple (NASDAQ:) shares increased by 1.7% as recent data indicated that sales of the latest iPhone models in China have surged by 20% compared to the previous year’s models, suggesting strong demand for Apple’s products in key markets, according to Counterpoint Research as reported by Bloomberg News.

Nvidia

Nvidia (NASDAQ:) enjoyed a boost of 1% after Bank of America raised its earnings forecasts for 2025 and 2026. The bank highlighted that Nvidia is in a “generational opportunity” phase, with an addressable market exceeding $400 billion, reinforcing the tech company’s position in the semiconductor industry.

Schlumberger

Schlumberger (NYSE:) reported a 1% decrease in stock value after posting third-quarter profits that were slightly below market expectations. Despite the shortfall, the company benefited from robust demand for its digital offerings and a focus on cost reduction.

Source
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