Investing.com -- U.S. futures edged higher, led by banking stocks after the major lenders passed the Federal Reserve stress tests and helped by strong quarterly results from chipmaker Micron.
Here are some of the biggest premarket U.S. stock movers today:
Micron (NASDAQ:MU) stock rose 2.9% after the chipmaker posted strong third quarter results, boosted by demand for its memory chips from the rapidly growing artificial intelligence sector.
JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC), and Bank of America (NYSE:BAC) all rose between 1% and 2% as the banking sector gained as the result of the 23 largest lenders all passing the Fed’s latest stress tests.
Apple (NASDAQ:AAPL) stock rose 0.3%, continuing to climb after the iPhone maker closed at a record high the previous session, and edging closer to a $3 trillion market capitalization.
Walt Disney (NYSE:DIS) stock fell 0.6% after KeyBanc downgraded the entertainment giant to ‘sector weight’ from ‘overweight’, citing “meaningful uncertainty” surrounding the company as it faces political difficulties in Florida.
Pfizer (NYSE:PFE) stock fell 0.6% after Credit Suisse (SIX:CSGN) downgraded its stance on the pharma giant to ‘neutral’ from ‘outperform’, saying it is entering a period of uncertainty with limited pipeline catalysts.
Amazon (NASDAQ:AMZN) stock rose 0.4% despite a Bloomberg report stating that the U.S. antitrust regulator is planning to file a suit against the retail giant's core online marketplace in the coming weeks.
Lordstown Motors (NASDAQ:RIDE) stock fell 5.7% after the EV manufacturer said it had received a delisting notice from the Nasdaq, days after the company filed for bankruptcy protection.