Stock futures ticked higher on Friday as investors awaited Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, looking for clues on the outlook for monetary policy.
Here are some of Friday’s biggest stock movers:
Biggest stock gainers
- Zoom Communications (NASDAQ:ZM) +6% – Shares rose after delivering strong Q2 results and raising its full-year outlook. The company guided Q3 revenue to $1.21B–$1.22B (midpoint $1.215B vs. $1.21B est.) and EPS to $1.42–$1.44 (vs. $1.39 est.), while FY revenue was lifted to $4.83B–$4.84B (vs. prior $4.8B–$4.81B, $4.81B est.) and EPS to $5.81–$5.84 (vs. prior $5.56–$5.59, $5.60 est.). CEO Eric Yuan credited AI-driven innovation and efficiency gains, highlighting Zoom’s highest revenue growth in 11 quarters, a 9-pt GAAP operating margin expansion, and stronger free cash flow guidance of $1.74B–$1.78B.
- NIO (NYSE:NIO) +5% – Shares surged after the company unveiled one of its most affordable vehicles yet, highlighting the intensifying price war in the domestic market. The new ES8 is offered in six- and seven-seat Executive Premium and Executive Signature Editions with starting prices of RMB 416,800 (RMB 308,800 with BaaS) and RMB 456,800 (RMB 348,800 with BaaS). The base ES8 is priced below the Tesla (TSLA) Model Y L six-seat SUV, and in Europe the model will be marketed as the EL8 due to a trademark dispute with Audi.
Biggest stock losers
- Intuit (NASDAQ:INTU) -5% – Shares slipped after issuing slower growth guidance for Q1 and FY2026, overshadowing better-than-expected Q4 results. The QuickBooks and Credit Karma parent sees FY2026 revenue of $21.0B-$21.2B, up 12%-13% from last year, roughly in line with consensus, and projects non-GAAP EPS of $22.98-$23.18 vs. $22.99 expected. By segment, Global Business Solutions revenue is forecast to rise 14%-15% from 16% in FY2025, Consumer Group up 8%-9% vs. 10%, and Credit Karma up 10%-13% vs. 32%. For fiscal Q1, Intuit guided EPS of $3.05-$3.12, bracketing the $3.07 consensus, on revenue growth of 14%-15% compared with 20% in Q4.
- Workday (NASDAQ:WDAY) -4% – Shares dropped after reporting fiscal Q2 results and guidance that exceeded expectations but failed to spark enthusiasm. For Q3, the company guided subscription revenue of $2.24B, in line with estimates, while FY2026 subscription revenue is projected at $8.82B, slightly above Wall Street’s $8.8B forecast. Workday also raised its adjusted operating margin outlook to 29% from 28%, topping both its prior view and the 28.5% consensus. Alongside results, the company announced an agreement to acquire Paradox, an AI-powered candidate experience platform.