Netflix gains, ASML spurs rally in chip stocks By Investing.com

Investing.com — U.S. rose Wednesday, boosted by generally positive corporate results as the quarterly earnings season kicks into top gear.

Here are some of the biggest premarket U.S. stock movers today:

• Netflix (NASDAQ:) stock rose 9.4% after the streaming giant reported the addition of far more paying subscribers in the fourth quarter than expected, helped by a slate of popular programming.

• AT&T (NYSE:) stock fell 3.7% after the telecommunications group unveiled a forecast for full-year earnings below expectations, as it grapples with tough competition from cable operators.

• Tesla (NASDAQ:) stock rose 1.3% after the EV manufacturer following a Reuters report which stated the company has informed suppliers it wants to start production of a new mass-market electric vehicle in mid-2025. Tesla reports after the close Wednesday.

• ASML (AS:) ADRs rose 5.8% after the Dutch chipmaking equipment maker reported fourth-quarter earnings that beat expectations and its best-ever quarterly orders.

• General Dynamics (NYSE:) stock rose 0.2% after the U.S. defense contractor reported a jump in fourth-quarter revenue, as a tense global political climate sustained demand for its military equipment.

• Texas Instruments (NASDAQ:) stock fell 3.3% after the chipmaker forecasted first-quarter revenue and profit below market estimates.

• Kimberly-Clark (NYSE:) stock fell 4.1% after the consumer goods company’s fourth-quarter sales missed market expectations as price hikes softened amid choppy demand for its consumer goods products.

• DuPont (NYSE:) stock fell 11% after the materials science company warned of an earnings shortfall as additional inventory destocking and continued weakness in China led to lower volumes.

• Ford (NYSE:) stock fell 0.1%, with the auto giant set to recall 1.88 million units of certain 2011-2019 Explorer vehicles as A-pillar trim retention clips may not be properly engaged, allowing the trim to detach.

• Abbott Laboratories (NYSE:) stock fell 2% after the medical device manufacturer reported lower-than-expected sales in its pharmaceuticals unit.

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