Investing.com -- U.S. futures traded largely unchanged Wednesday, consolidating after recent strong gains as investors digest a deluge of important corporate earnings.
Here are some of the biggest premarket U.S. stock movers today:
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Goldman Sachs (NYSE:GS) stock fell 0.2% after the investment bank’s second-quarter profit fell as it took a $504 million writedown tied to its GreenSky business, while the investment banking business took a hit from lower dealmaking volumes.
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Microsoft (NASDAQ:MSFT) stock rose 0.6%, continuing to climb after hitting an all-time high during the previous session following the tech giant’s announcement it would charge more to access new artificial intelligence features in its Office software.
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Johnson & Johnson (NYSE:JNJ) stock fell 1.4% after the drug maker sued the U.S. government in a bid to halt Medicare drug price negotiations. It must also pay $18.8 million to a man in California who said he developed cancer from exposure to its baby powder, a setback as it seeks to settle thousands of similar cases.
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Carvana (NYSE:CVNA) stock rose 24% after the used-car retailer delivered the best quarter in its history and entered a deal with noteholders to cut debt by $1.2 billion.
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Nasdaq (NASDAQ:NDAQ) stock rose 0.5% after the exchange operator beat second-quarter profit expectations on the back of consistent demand for its investment-related products and capital markets solutions.
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M&T Bank (NYSE:MTB) stock rose 4.3% after the lender beat second-quarter profit estimates as the Fed's rapid rate hikes to tame inflation boosted the lender's interest income.
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Joby Aviation (NYSE:JOBY) stock fell 6.4% after JPMorgan downgraded the electric aircraft manufacturer to ‘underweight’ from ‘neutral’, calling the stock’s recent outperformance “largely overblown”.