Investing.com -- U.S. stock futures traded lower Friday, at the end of a week which has seen a major rotation out of heavyweight tech stocks.
Here are some of the biggest U.S. stock movers today:
Netflix (NASDAQ:NFLX) stock was choppy after the streaming giant reported better-than-expected second-quarter results amid blowout subscriber additions, driven by a strong content slate and an ongoing crackdown on password sharing, overshadowing its third-quarter revenue guidance falling short of expectations. Shares were down 0.4% midday.
CrowdStrike (NASDAQ:CRWD) stock slumped 9% after reports that a software update from the cybersecurity company, known for its antivirus software, has caused a global IT outage.
Microsoft (NASDAQ:MSFT) stock also fell 0.5% after indications the outage has affected devices running on the software giant's Windows operating systems.
American Express (NYSE:AXP) (AXP) stock fell 3.7% after the credit card giant reported disappointing revenue growth even as it beat estimates for second-quarter profit as its wealthy customers persisted in spending.
Schlumberger (NYSE:SLB) stock rose 3.5% after the oilfield services provider beat expectations second-quarter profit, benefiting from steady demand for its drilling equipment and technology in international markets.
Halliburton (NYSE:HAL) stock fell 4% despite the oilfield services firm reporting a rise in quarterly profit, with the company reporting a 3% drop in revenue from its important North American market.
Plug Power (NASDAQ:PLUG) (PLUG) stock fell 14% after the alternative-energy company said it had begun a $200 million stock offering, the latest chapter in its liquidity issues.
Arm Holdings (ARM) stock rose 3.7% after analysts upgraded its stance on the semiconductor to ‘overweight’ from ‘equal-weight’, while lifting its price target to $190 from $107, saying Arm products will be “fundamental to the successful emergence of edge AI.”
Microstrategy, Inc. (NASDAQ:MSTR) rose 9% as the price of Bitcoin climbed above $66,000. Coinbase (NASDAQ:COIN) and Marathon Digital Holdings (NASDAQ:MARA) were also higher.
Intuitive Surgical (NASDAQ:ISRG) rose 9% after it publishing strong results for the second quarter, with worldwide da Vinci procedures up approximately 17% compared with the second quarter of 2023.
Additional reporting by Louis Juricic