Several stocks made significant moves before the opening bell, including Cloudflare, which jumped 19% after exceeding consensus estimates for the current quarter. Airbnb rose 13% following quarterly results that beat expectations, while DraftKings tumbled more than 20% after reporting a larger loss than expected and revenue below estimates. Moderna gained nearly 10% after raising its sales-growth outlook, and Lam Research surged nearly 11% after authorizing a $25 billion stock buyback. Other stocks declined, including Five9, Axon Enterprise, Atlassian, Affirm and Lyft, amid weaker guidance, credit concerns or disappointing results.
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