Netflix, Oracle, Travelers and Procter & Gamble rise premarket; J&J falls By Investing.com

Investing.com — US stock futures rose Wednesday, continuing the positive sentiment in the wake of Donald Trump’s inauguration at the start of the week.

Here are some of the biggest premarket

• Netflix (NASDAQ:) stock soared 14% after the streaming giant reported better-than-expected fourth-quarter results bolstered by a spike in subscriber additions.

• Oracle (NYSE:) stock jumped 8.7% higher, adding to the previous session’s strong gains sparked by President Donald Trump’s announcement that the computer software group would participate in an up to $500 billion private-sector investment into artificial intelligence infrastructure.

• Procter & Gamble (NYSE:) stock rose 3.3% after the consumer goods giant reported net sales in its fiscal second quarter that topped analysts’ estimates, fueled in large part by strong demand in its key US market.

• Abbott Laboratories (NYSE:) stock fell 2.1% after the medical devices company forecast first-quarter profit below estimates, along with weak fourth-quarter sales in segments other than medical devices.

• Johnson & Johnson (NYSE:) stock fell 1.5%, weighed by a hefty dip in sales of its blockbuster psoriasis treatment Stelara, even as the pharmaceutical firm posted better-than-expected fourth-quarter adjusted earnings and sales.

• GE Vernova (NYSE:) stock rose 1% after the energy company, spun off from General Electric (NYSE:), announced its fourth-quarter results missed expectations.

• United Airlines (NASDAQ:) stock rose 4% after the carrier issued better than expected fourth-quarter results, painting an upbeat outlook.

• General Motors (NYSE:) stock fell 0.6% after the National Highway Traffic Safety Administration said that the auto giant is recalling about 2,890 Chevrolet Equinox EV vehicles due to concerns about their adaptive cruise control.

• Travelers (NYSE:) stock rose 6.2% after the insurer beat estimates for fourth-quarter profit, as strength in its underwriting business cushioned a blow from elevated catastrophe losses.

• Textron (NYSE:) stock fell 3.9% after the aerospace and defense company reported fourth-quarter 2024 earnings that fell short of analyst expectations.