Amazon, Intel, Exxon Mobil rise premarket; Ford, Chevron fall

investing.com:

Investing.com — U.S. futures rose Friday, boosted by strong numbers from a couple of tech giants ahead of the release of key inflation data.

Here are some of the biggest premarket U.S. stock movers today:

Amazon (NASDAQ:AMZN) stock rose 6.1% after the e-commerce giant reported third-quarter results that topped expectations as growth in its cloud business continued to stabilize and advertising growth jumped.

Intel (NASDAQ:INTC) stock rose 7% after the chip manufacturer delivered better-than-expected guidance for the current quarter after third-quarter earnings markedly beat analyst estimates amid signs PC demand has bottomed out.

Ford (NYSE:F) stock fell 3.4% after the auto giant withdrew its full-year results forecast due to «uncertainty» over the pending ratification of its deal with the United Auto Workers union.

Exxon Mobil (NYSE:XOM) stock rose 0.3% after the oil major posted a $9.1 billion third-quarter profit, an about 54% drop from record earnings a year ago but up from the prior quarter as oil prices recovered.

JPMorgan (NYSE:JPM) stock fell 0.9% after the lender said CEO Jamie Dimon would sell a portion of his stock holdings in the bank in 2024 for financial diversification and tax planning.

Chevron (NYSE:CVX) stock fell 2% after the oil giant reported a fall in third-quarter profit despite higher oil prices, days after agreeing to buy smaller U.S. rival Hess (NYSE:HES) for $53 billion.

Natwest (NYSE:NWG) stock fell 10% after the Financial Conduct Authority said it had identified potential «regulatory breaches» in the U.K.-based lender’s handling of a decision to close former Brexit party leader Nigel Farage's accounts.

Sanofi (NASDAQ:SNY) ADRs fell 18% after the French drugmaker dropped its 2025 profit