Here’s a look at some trending tickers as stock futures slipped after a three-day rally and earnings drove individual stock moves:
Alphabet (GOOG) shares jumped nearly 4% after the Google parent company reported solid first quarter results, raised its dividend 5%, and announced $70 billion in stock buybacks.
Intel (INTC) stock dropped 5% after the chipmaker, which also beat on earnings, issued a disappointing outlook. In its first earnings since new CEO Lip-Bu Tan took over, Intel cited “elevated uncertainty” in the macro environment for the cautious outlook.
Meta (META) shares added more than 2% premarket after reports that the company laid off more than 100 people in its Reality Labs division. The Information reported that the layoffs impacted Oculus Studios, which develops apps and games for the company’s Quest headsets. Meta is scheduled to report first quarter earnings next Wednesday.
AbbVie (ABBV) stock popped 3% after the pharmaceutical company raised its 2025 profit forecast and beat Wall Street’s Q1 earnings expectations. Strong sales of its newer drugs Skyrizi and Rinvoq were a highlight in the quarter.
Phillips 66 (PSX) stock is off by 2% after the US refiner reported a bigger-than-expected loss in the first quarter on Friday. Seasonal maintenance and downtime weighed on margins, Reuters reported.