Premarket Stock Movements: JPMorgan Chase, Micron, UnitedHealth and Others React
Several stocks experienced notable premarket movements driven by earnings reports, operational updates, and external events. Memory chip stocks declined sharply after South Korean markets fell overnight due to concerns over valuations following CXMT's upcoming powerful chip plans for late 2026. SK hynix, Western Digital, Seagate, Micron, and Sandisk all dropped significantly. JPMorgan Chase shares rose nearly 1% as the bank raised its net interest income outlook despite missing Q3 earnings expectations. Wells Fargo fell due to mixed results, while Goldman Sachs gained on strong revenue performance. Johnson & Johnson reported better-than-expected third-quarter results but still saw a stock decline. UnitedHealth Group climbed after beating analyst estimates in both profit and revenue. Other notable movements included Domino's Pizza falling despite exceeding some metrics, Syndax Pharmaceuticals dropping 14% due to failed clinical trial data for axatilimab, and Six Flags declining following an incident at one of its parks.
Tickers: $DPZ $FUN $GS $JNJ $JPM $MU $SKHYV $SNDX $STX $UNH $WDC $WFC $WFC PRD
Topics: banking sector earnings reports memory chips pharmaceuticals stock market