Netflix, Apple, Nvidia rise premarket; American Express falls

Investing.com — US stock edged higher Friday, as investors digested a deluge of quarterly corporate earnings.

Here are some of the biggest premarket US stock movers today

• Netflix (NASDAQ:) stock rose 6.6% after the streaming giant reported better-than-anticipated quarterly income, adding 5.07 million subscribers during its third quarter versus 8.76 million net new subscribers in the year-ago period, in a sign of the streaming giant’s push to emphasize profits over rapid subscriber growth.

• American Express (NYSE:) stock fell 2.3% after the credit card giant reported third-quarter profit revenue below expectations and bigger provisions for credit losses, even as higher spending on its cards prompted an increase in full-year guidance.

• Procter & Gamble (NYSE:) stock fell 0.8% after the household goods manufacturer missed expectations for first-quarter sales on Friday, as consumers in its major markets, the U.S. and China, switched to cheaper household and personal care brands.

• Tesla (NASDAQ:) stock fell 0.3% after it was revealed that the National Highway Traffic Safety Administration has opened an investigation into 2.4 million of its vehicles.

• CVS Health (NYSE:) stock slumped 11% after the healthcare company announced disappointing preliminary third-quarter financial results and a change in leadership.

• Apple (NASDAQ:) stock rose 1.7% after sales of the tech giant’s latest iPhones in China have reportedly surged 20% in the first three weeks compared to last year’s model, according to data from Counterpoint Research provided to Bloomberg News.

• Nvidia (NASDAQ:) stock rose 1% after Bank of America hiked its 2025 and 2026 earnings forecasts, saying the chipmaker is facing “generational opportunity” in a total addressable market exceeding $400 billion.

• Schlumberger (NYSE:) stock fell 1% after the oilfield service provider posted third-quarter profit that was slightly below expectations, even as it was helped by solid demand for its digital products and a drive to reduce costs.