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McDonald's, Starbucks, Coca-Cola fall premarket; AT&T falls

Published 10/23/2024, 07:36 PM
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Investing.com -- US stock futures slipped lower Wednesday, as investors digested more corporate earnings amid rising Treasury yields and political uncertainty.

Here are some of the biggest premarket US stock movers today:

  • McDonald’s (NYSE:MCD) stock fell 6.8% after an E. coli outbreak linked to the fast food chain's Quarter Pounder hamburgers resulted in the death of one person and sickened 49 people in the U.S.

  • AT&T (NYSE:T) stock rose 2.8% after the telecoms giant gained more wireless subscribers than expected in the third quarter, driven by the steady adoption of its higher-tier unlimited plans that come with perks including increased hotspot data.

  • Coca-Cola (NYSE:KO) stock fell 2.1% after the soft drinks giant reported sluggish demand, even as higher prices meant that quarterly earnings beat expectations.

  • Texas Instruments (NASDAQ:TXN) stock rose 3.4% after the chipmaker reported third-quarter income that topped expectations, helped by "momentum" for electric vehicles in China.

  • Starbucks (NASDAQ:SBUX) stock fell 3.9% after the coffee chain reported preliminary results for its fourth quarter, posting declines in same-store sales, net revenue, and profit, driven by weaker demand in the US.

  • Qualcomm (NASDAQ:QCOM) stock fell 3.8% on a report longtime partner Arm Holdings (NASDAQ:ARM) is scrapping a license allowing it to use Arm's intellectual property to design chips.

  • Boston Scientific (NYSE:BSX) stock rose 1.1% after the biotech firm raised its full-year earnings guidance after strong third-quarter earnings.

  • American Airlines (NASDAQ:AAL) stock fell 0.3% after the U.S. Transportation Department fined the carrier a record $50 million for its treatment of disabled passengers.

  • Hilton Worldwide (NYSE:HLT) stock fell 4.3% after the hotel chain lowered the upper end of its annual room revenue growth forecast, as some U.S. consumers cut back on domestic travel spending.

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