Investing.com — U.S. stock futures rose Wednesday, supported by strong corporate earnings ahead of the release of the key monthly consumer inflation report.
Here are some of the biggest premarket moves in U.S. stocks today:
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Goldman Sachs (NYSE:) stock rose 2.2% after the investment bank’s profits more than doubled in the fourth quarter, led by strong reading results.
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Wells Fargo (NYSE:) stock rose 3.2% after the lender reported better-than-expected fourth-quarter results, supported by stronger profits at investment banks.
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JPMorgan Chase (NYSE:) stock rose 0.4% after the investment banking giant posted a record annual profit as its dealmakers and traders reaped a windfall from a fourth-quarter rebound in markets.
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Tesla (NASDAQ:) stock rose 1.1%, rebounding from losses in the previous session despite reports from Bloomberg that the electric vehicle maker was considering temporarily suspending sections of its Shanghai factories producing the sport utility vehicle Model Y refreshed for about three weeks over the Chinese New Year.
- Apple (NASDAQ:) stock rose 0.3% after Bank of America said the iPhone maker’s gross margins “continue to improve.”
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BNY Mellon (NYSE:) stock rose 2.6% after the lender reported a 27% rise in fourth-quarter profit as it received higher investment services fees from its customers.
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Elie Lilly (NYSE:) stock rose 0.2% after Bank of America advised clients to buy falling shares of the drugmaker, after reporting weaker-than-expected fourth-quarter revenue quarter.
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Blackrock (NYSE:) stock rose 2.7% after the world’s largest fund manager posted profit up 21%, with its fee income supported by stronger stock markets.