Market Data 
(Updated – August 7, 2024 12:28 PM EDT)
Investing.com — U.S. stock futures rose Wednesday, continuing to rebound after the tech-led rout at the start of the week.
Here are some of the biggest U.S. stock movers today:
Walt Disney (NYSE:) stock fell 2.4% in volatile trading after the entertainment giant reported a drop in profits at its Experiences segment that includes parks and consumer products, which makes up just over half of profit, even as its Entertainment unit, with the combined streaming businesses of Disney+, Hulu and ESPN+, posted a profit for the first time.
Super Micro Computer (NASDAQ:) stock fell 17% after the information technology company announced disappointing fiscal fourth-quarter earnings, as well as a 10-for-1 stock split, set to begin trading on a split-adjusted basis at the start of October.
Airbnb (ABNB) stock slumped 13% after the house rental company forecast third-quarter revenue below estimates and warned of shorter booking windows, suggesting travelers were waiting until the last minute to book due to economic uncertainty.
CVS Health (NYSE:) stock fell 0.9% after the healthcare conglomerate cut its 2024 profit forecast, hit by increased medical costs at its health insurance unit as demand for healthcare services remained elevated.
Lyft (NASDAQ:) (LYFT) stock fell 13% after the ride-hailing company offered up a soft forecast for the current quarter ending September, taking the sheen off strong second-quarter results.
Novo Nordisk (NYSE:) stock fell 8% after the drug maker trimmed its full-year profit outlook after reporting weaker-than-expected quarterly sales of its popular weight-loss drug Wegovy, stirring worries among investors about stiffening competition.
Shopify (NYSE:) stock soared 22% after the e-commerce platform beat expectations for quarterly revenue, as its artificial intelligence-powered tools helped pull in more merchants to its e-commerce services.
Amgen (NASDAQ:) stock fell 2% after the drugmaker said second-quarter profit slipped 1% as higher expenses offset a 20% increase in revenue.
Rivian (NASDAQ:) stock dropped 6% after the EV manufacturer forecast that production would not rise this year and said deliveries in the third quarter would be slightly lower.
Evotec (EVO) ADRs dropped 21% after the German drug company issued a profit warning, citing ongoing challenges within its Shared R&D segment and accelerated investments in biologics capacity expansion.
Lumen Technologies (LUMN) rose 38% after it raised its full year guidance for free cash flow from $100 to $300 million to $1.0 to $1.2 billion, prompting several analyst upgrades.
Upstart Holdings (NASDAQ:) rose 50% after it reported a smaller lose than expected during the quarter and better revenue, along with strong revenue guidance. Analysts called its forecast “robust.”
Reddit (RDDT) fell 6% despite beating estimates and raising guidance. Expectations may have been elevated heading into the print, and analysts were concerned its outlook may indicate slowing growth.
Instacart (NASDAQ:) rose 4% after it published strong second quarter results, beating on revenue and operating profit. Its guidance for operating profit also topped views.
Fortinet (NASDAQ:) rose 27% after publishing stronger than expected second quarter guidance and issuing a solid forecast for the third quarter and full year. Analysts noted strong margin expansion.
Additional reporting by Louis Juricic
