Stocks making the biggest premarket moves: CrowdStrike, American Express, SLB, Travelers and more

Check out the companies making the biggest moves in premarket trading: CrowdStrike — Shares plunged nearly 13%, paring some of its earlier losses, after an update from the cybersecurity company caused a major IT outage impacting businesses around the globe. Microsoft — The tech giant slipped 1.6% after being hit with widespread tech outages from the CrowdStrike update. American Express — Shares fell nearly 2% after the financial company reported second-quarter revenue of $16.

4% after posting second-quarter adjusted earnings per share of 85 cents, above the 83 cents expected from analysts polled by LSEG. Revenue also beat, coming in at $9.14 billion versus the $9.08 consensus estimate. Arm Holdings — The chipmaker gained nearly 3% on the back of an upgrade at Morgan Stanley to overweight from equal weight. The bank said Arm's products are fundamental to the successful emergence of edge artificial intelligence. Shares have already doubled this year.

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