Stock futures edged higher a day after the S&P 500 closed modestly higher but extended its winning streak to three trading sessions.
Here are some of the top movers during premarket trading on Thursday.
1. Merck MRK | Up 0.8%
Merck (MRK) – Get Report shares were little changed after the drugmaker posted weaker-than-expected fourth quarter earnings and said longtime CEO Ken Frazier would retire later this year.
2. Bristol-Myers Squibb BMY | Up 0.6%
Shares of Bristol-Myers Squibb (BMY) – Get Report were rising premarket after the health-care giant posted fourth-quarter earnings that exceeded expectations and raised its profit outlook for the rest of the year.
The company has also clinched a deal with Rockefeller University for the rights to a covid-19 therapy that combines two antibodies, the drugmaker said Wednesday.
3. American Airlines AAL | Down 1.5%
Shares of American Airlines (AAL) – Get Report dropped after the carrier said it would send as many as 13,000 furlough warnings in the coming months as the pandemic persists.
4. PayPal PYPL | Up 6.7%
Shares of PayPal (PYPL) – Get Report jumped after the digital payments company reported fourth-quarter earnings tripled from a year earlier and topped Wall Street estimates.
5. Apple AAPL | Up 1.8%
Shares of tech giant Apple (AAPL) – Get Report rose as investors were encouraged by the company’s reported plans to partner with South Korean automaker Hyundai-Kia to build an Apple Car at a plant in Georgia.
