US PRE-MARKET MOVERS: MU, QCOM, WEN, MKC, IBM, AMZN, JEF, TCOM, Banks

ES +0.7% NQ +2.1% RTY +0.1% MU +18%: Blow-out earnings; Strong Q metrics & stellar guidance QCOM +10%: Expanded its strategic relationship w/ Hugging Face & announced FY29 targets WEN +8.5%: Extends on Wednesday’s 25.6% gains MKC +3.5%: EPS & rev. topped IBM +2.5%: Unveils first sub-1nm chip tech. w/ 0.7nm node & sees a path to prod. in as early as the next 5 years AMZN -0.5%: To invest additional $13bln in India cloud & AI JEF -1%: Earnings missed, outweighing record IB & equities revs. TCOM -12.6%: Profit light & provided soft guidance Following Fed bank stress tests: JPM +0.5%: New share buyback prog. of $50bln & lifted Q div. to $1.65/shr (prev. 1.50) GS +0.7%: Will raise common div. to $5.00/shr (prev. 4.50) MS +0.9%: Will lift Q common div. to $1.15/shr (prev. 1.00) & reauthorised a share buyback of up to $20bln C +0.4%: Will raise Q div. 12% to $0.67/shr WFC +0.2%: Expects to raise common div. 11% to $0.50/shr & has capacity to continue share repurchases STT -0.1%: Intends to lift common div. 10% to $0.92/shr BNY +0.3%: Intends to raise Q common div. 19% to $0.63/shr & remains authorised to repurchase common shares under its existing prog. USB +0.2%: Plans to raise Q common div. 3.8% to $0.54/shr