US stock futures were falling Thursday after Chinese officials denied reports that China and the U.S. had started tariff negotiations in a bid to de-escalate trade tensions.

These stocks were poised to make moves Thursday:

Tesla was down 0.5%. The electric vehicle maker reported first-quarter earnings on Tuesday, with sales, operating income, and profit margin all falling from the previous year. Management clarified on the earnings call that the company still planned to release new models in 2025, but was working through "last-minute issues." Investors have been holding out hope that a lower-priced model will arrive in the first half of the year.

Despite the weak first-quarter print, the stock closed up 5.4% on Wednesday, a sign that Wall Street had been bracing for disappointing results. CEO Elon Musk also said that his "time allocation to DOGE will drop significantly" beginning in May.

IBM tumbled 6.8%. The technology giant posted better-than-expected earnings and revenue in the first quarter late Wednesday, but shares were falling sharply Thursday as other parts of the report underwhelmed investors. The company noted that its legacy mainframe computer business continued to decline. Second-quarter revenue guidance of $6.6 billion at the midpoint was ahead of expectations, but marked a 3% decline from the prior year.

ServiceNow rose 9.5%. The enterprise software company reported better-than-expected financial results on Wednesday and guided for higher second-quarter subscription revenue than Wall Street had anticipated. For the year, subscription revenues are expected to be between $12.6 billion and $12.7 billion, compared with Wall Street estimates of $12.6 billion.

Texas Instruments was up 8.3%. Shares of the semiconductor maker rose in premarket trading Wednesday on an earnings beat. The company also provided a solid outlook, forecasting revenue for the current quarter to fall between $4.17 billion and $4.53 billion, above analysts' calls for $4.1 billion. The stock pared some gains after management cited "high uncertainty" in the macro environment due to tariffs and geopolitics. However, Texas Instruments said it doesn't see a near-term effect on revenue for the June quarter.

Lam Research rose 3.5% after reporting earnings and revenue that beat analysts' expectations. The company, which counts Taiwan Semiconductor Manufacturing among its largest customers, said its strong performance in the quarter was driven by demand for advanced chips used to power artificial intelligence. Guidance for the current quarter also came in better than expected. "Our outlook remains strong even as we address near-term tariff-related uncertainty, and we are highly confident in our ability to outperform semiconductor industry growth in the years to come, " CEO Tim Archer said.

Chipotle Mexican Grill was down 3.4%. The fast-casual restaurant chain saw slower revenue and earnings growth in the first quarter of 2025 compared to the previous quarter, as inflation and recession fears weighed on consumers. CEO Scott Boatwright said the latest results were impacted by headwinds including weather and a slowdown in consumer spending.

Newmont Mining gained 2.7%. The gold miner posted first-quarter adjusted earnings of $1.25 a share, topping the 92 cents analysts had expected, according to FactSet. Revenue rose to $5.01 billion from $4.02 billion a year earlier, also beating the $4.7 billion Wall Street had anticipated. The stock has gained nearly 43% this year, rising along with the price of gold, which has repeatedly notched new record highs.

Southwest Airlines declined 4%. The airline reported a first-quarter net loss of $149 million. On an adjusted basis, its loss of 13 cents a share was narrower than the loss of 18 cents a share analysts were expecting. The major carrier noted that demand weakened throughout the quarter, with domestic leisure travel taking a hit. While the company pulled its 2025 and 2026 estimates for earnings before interest, taxes, depreciation, and amortization, management said initiatives to improve the company's financial performance remained on track.

Hasbro reported first-quarter revenue on Thursday that beat Wall Street estimates, helped by strength in the toymaker's digital gaming segment. The shares jumped 7.4% in premarket trading.

Vietnamese electric-vehicle maker VinFast Auto reported a 70% jump in fourth-quarter revenue on Thursday, helped by higher deliveries of its electric vehicles. The shares rose about 2% in premarket trading.

Merck on Thursday said its first-quarter adjusted profit rose 7% as lower costs helped offset a 2% decline in sales, reflecting a January decision to pause shipments of its Gardasil vaccine to China due to a downturn in demand. The shares rose 1.5%.