Investing.com -- U.S. stock futures traded slightly higher Friday, maintaining a positive tone after healthy economic dampened concerns of an imminent recession.
Here are some of the biggest premarket U.S. stock movers today
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Ford (NYSE:F) stock rose 0.1% despite the National Highway Traffic Safety Administration stating that the auto giant is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire.
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Applied Materials (NASDAQ:AMAT) stock fell 2.1%, handing back some of the chip-making equipment firm’s strong gains ahead of its results, despite forecasting fourth-quarter revenue slightly above estimates.
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Texas Instruments (NASDAQ:TXN) stock rose 1.3% after the semiconductor company signed a non-binding preliminary memorandum of terms with the U.S. Department of Commerce, potentially received up to $1.6 billion in direct funding.
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Kroger (NYSE:KR) stock rose 1.1% after the supermarket chain announced plans to lower grocery prices by $1 billion after the completion of its proposed $25 billion merger with smaller rival Albertsons (NYSE:ACI).
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Nvidia (NASDAQ:NVDA) stock rose 0.5% after Jefferies said the chipmaker is likely to continue delivering earnings beats in the coming quarters, “albeit smaller ones.”
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H&R Block (NYSE:HRB) stock soared 8.4% after the tax preparation services company announced a 17% dividend increase and a $1.5 billion share buyback.
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Autodesk (NASDAQ:ADSK) stock fell 1.7% after Bloomberg reported that executives at the design technology provider continued utilizing a controversial sales strategy despite saying it would stop, and ignored risks related to the practice.
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Coherent (NYSE:COHR) stock rose 3.1% after the manufacturer of optical materials and semiconductors reported a jump in fourth-quarter revenue, primarily driven by ongoing AI-related strength in its Datacom transceiver business.
This content was originally published on Investing.com
