Investing.com -- US stock futures edged lower Friday, with investors cautious ahead of the release of the highly-influential monthly jobs report.
Here are some of the biggest premarket US stock movers today:
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Taiwan Semiconductor Manufacturing (NYSE:TSM) stock rose 1.2% after the world’s biggest contract chipmaker reported better-than-expected sales for the fourth quarter, boosted by robust demand from the fast-growing artificial intelligence industry.
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Nvidia (NASDAQ:NVDA) stock fell 1.6% following a report that new US restrictions on chip exports could be soon announced.
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Tesla (NASDAQ:TSLA) stock rose 0.3% after the electric vehicle giant unveiled an updated version of its Model Y offering in China, trying to address fierce competition from domestic rivals in the country.
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Delta Air Lines (NYSE:DAL) stock soared 6.9% after the carrier reported fourth-quarter earnings that surpassed analyst estimates, driven by strong travel demand.
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Advanced Micro Devices (NASDAQ:AMD) stock fell 2% after Goldman Sachs (NYSE:GS) downgraded its stance on the tech company to “neutral” from “buy”, citing underperformance and cyclical challenges.
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Travelers (NYSE:TRV) stock fell 4.1% as wildfires ravaged Los Angeles, with the insurance sector bellwether set to face catastrophe-related claims worth billions of dollars from the disaster, which analysts estimate will be the costliest ever in California.
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Walgreens Boots Alliance (NASDAQ:WBA) stock rose 11% after the pharmacy retailer reported first-quarter earnings and revenue above analyst expectations, and delivered an upbeat annual forecast.
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Constellation Energy (NASDAQ:CEG) stock rose 12% after the company said it would buy privately held Calpine Corp, a geothermal and natgas energy company, in a cash-and-stock deal valued at $26.6 billion including debt.
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Pfizer (NYSE:PFE) stock rose 0.5% after the drugmaker said its experimental treatment for a type of bladder cancer significantly improved the time that patients remained free of certain complications, including cancer recurrence, following data from a late-stage study.
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Nike (NYSE:NKE) stock rose 1% after Piper Sandler upgraded its stance on the footwear retailer to “buy” from “neutral”, saying a path to recovery is emerging.
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Wayfair (NYSE:W) stock rose 4.9% after the online furniture retailer announced plans to cut 730 jobs as it looks to focus on physical stores.