Investing.com -- US stock futures edged higher Wednesday, ahead of more vital economic data as the quarterly corporate earnings season continues.
Here are some of the biggest premarket US stock movers today:
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Alphabet (NASDAQ:GOOGL) stock rose 6.5% after the Google parent reported third-quarter results that topped estimates as the search giant's advertising revenue climbed, easing concerns about the threat of competition from artificial intelligence search products.
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AMD (NASDAQ:AMD) stock slumped 8% after the chipmaker's fourth-quarter revenue outlook missed estimates, while its guidance underwhelmed investors.
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Caterpillar (NYSE:CAT) stock fell 3.7% after the heavy machinery manufacturer reported third-quarter earnings and revenue that fell short of analyst expectations.
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Biogen (NASDAQ:BIIB) stock rose 1.9% after the biotech firm raised its annual earnings guidance and reported better-than-expected top and bottom lines for the third quarter.
- Kraft Heinz (NASDAQ:KHC) stock fell 2.5% after the consumer goods company posted a steeper-than-expected fall in quarterly revenue as demand stayed weak for its branded meal kits and snacks.
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Humana (NYSE:HUM) stock rose 0.9% after the health insurer beat estimates for third-quarter profit, buoyed by strength in its government-backed Medicare Advantage insurance business for older adults.
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Eli Lilly (NYSE:LLY) stock fell 6.8% after the drugmaker missed estimates for third-quarter profit, even as demand for its weight-loss drug soared, hurt by higher manufacturing and acquisition-related costs.
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Estee Lauder (NYSE:EL) stock fell 0.3% after the cosmetics giant named Stephane de La Faverie as its new president and CEO, effective Jan. 1, 2025, ahead of its quarterly earnings on Thursday.
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GE HealthCare (NASDAQ:GEHC) stock fell 0.9% after the medical technology company reported mixed quarterly results, even after the firm raised its annual earnings guidance.