Investing.com -- U.S. stock futures traded in a mixed fashion Friday, at the end of a week which has seen a major rotation out of heavyweight tech stocks.
Here are some of the biggest premarket U.S. stock movers today:
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Netflix (NASDAQ:NFLX) stock rose 0.5% 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.
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CrowdStrike (NASDAQ:CRWD) stock slumped 10% after reports that a software update from the cybersecurity company, known for its antivirus software, has caused a global IT outage.
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Microsoft (NASDAQ:MSFT) stock also fell 1.5% after indications the outage has affected devices running on the software giant's Windows operating systems.
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American Express (NYSE:AXP) stock fell 1.9% 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.
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Schlumberger (NYSE:SLB) stock rose 1.5% after the oilfield services provider beat expectations second-quarter profit, benefiting from steady demand for its drilling equipment and technology in international markets.
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Halliburton (NYSE:HAL) stock fell 2.9% 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.
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Plug Power (NASDAQ:PLUG) stock fell 10% after the alternative-energy company said it had begun a $200 million stock offering, the latest chapter in its liquidity issues.
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Arm Holdings (NASDAQ:ARM) stock rose 2.9% after Morgan Stanley (NYSE:MS) 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.”
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