Investing.com -- U.S. stocks were rebounding on Thursday, with investors getting set for earnings reports from tech giants Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN).
Here are some of the biggest U.S. stock movers today:
Qualcomm (NASDAQ:QCOM) stock fell 8.9% after the chipmaker reported underwhelming guidance for the current quarter after delivering mixed third quarter results as revenue fell short of estimates amid a softer smartphone demand.
- PayPal (NASDAQ:PYPL) stock fell 10% after the digital payments firm reported weak margins for the second quarter that overshadowed a strong outlook.
- DoorDash (NYSE:DASH) stock rose about 2% after the food delivery firm raised its annual core profit forecast and posted an upbeat quarterly revenue as groceries and food orders jumped.
Moderna (NASDAQ:MRNA) stock rose 0.3% after the drugmaker reported better-than-expected revenue in the second quarter despite falling steeply due to weaker post-pandemic demand for its COVID-19 vaccine.
Hasbro (NASDAQ:HAS) stock rose 2.6% after the toymaker beat second quarter revenue estimates. That said, it also cut its full-year revenue forecast as its entertainment segment is expected to take a hit from the ongoing writers’ strike.
Warner Bros. Discovery (NASDAQ:WBD) stock rose 1.7 % after the entertainment giant posted higher-than-expected core profit in the second quarter, as subscriber growth at its HBO Max streaming service boosted advertising revenues.
Regeneron (NASDAQ:REGN) stock rose 6.4% after the pharmaceutical beat quarterly profit estimate, driven by strong demand for eczema treatment Dupixent.
Roku (NASDAQ:ROKU) stock fell 1.9% after Citigroup downgraded its stance on the video streaming company to ‘neutral’ from ‘buy’, saying most potential growth is already factored into the stock price.
-- Peter Nurse contributed to this report