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

Investing.com — US stock 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:) 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:) 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:) 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:) stock rose 3.4% after the chipmaker reported third-quarter income that topped expectations, helped by “momentum” for electric vehicles in China.

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

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

• American Airlines (NASDAQ:) 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:) 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.