Starbucks, DoorDash, Roku, Qualcomm rise premarket; Peloton, Moderna fall

investing.com:

Investing.com — U.S. futures climbed higher Thursday, as investors took confidence in Fed Chair Jerome Powell’s comments, hoping that U.S. interest rates have now peaked.

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

Starbucks (NASDAQ:SBUX) stock rose 6.9% after the coffee chain beat fourth-quarter expectations, as strong demand for its produce in North America offset a feeble recovery in China.

Moderna (NASDAQ:MRNA) stock fell 8.5% after the drugmaker posted a loss for the third quarter and a $1.3 billion writedown on unused COVID shots as demand waned.

Eli Lilly (NYSE:LLY) stock fell 0.6% after the pharma giant slashed its full-year profit guidance even as it beat third-quarter expectations, lifted by $1.4 billion in sales from its blockbuster diabetes drug Mounjaro.

Peloton (NASDAQ:PTON) stock slumped 5.4% after the fitness company forecast weaker than expected second-quarter revenue, anticipating a fall in demand for its exercise equipment.

Regeneron (NASDAQ:REGN) stock rose 0.2% after the pharmaceutical beat third-quarter profit expectations, driven by strong demand for its eczema treatment Dupixent.

Cedar Fair (NYSE:FUN) stock fell 0.1% and Six Flags (NYSE:SIX) stock fell 0.5% after the U.S. amusement park operators agreed to merge to fortify their business amid a slowdown in consumer spending.

Qualcomm (NASDAQ:QCOM) stock rose 5.6% after the chipmaker’s strong guidance pointed to an easing of the two-year-long slump in the smartphone market, led by a recovery in China.

DoorDash (NASDAQ:DASH) stock surged 11% after the food delivery company forecast fourth-quarter core profit above estimates after topping revenue expectations, boosted by an uptick in delivery orders.

Electronic Arts (NASDAQ:EA)