Investing.com — US stock edged higher Monday, at the start of a busy week that includes more key earnings as well as the widely-watched monthly jobs report.
Here are some of the biggest premarket US stock movers today:
Apple (NASDAQ:) stock rose 0.4%, ahead of its earnings later this week, with the tech giant on track to be the first company to hit $4 trillion in market capitalization, according to analysts at Wedbush.
Tesla (NASDAQ:) stock rose 0.8%, adding to Friday’s gains, after CEO Elon Musk announced plans to grow vehicle sales by 30% next year, buoyed by a new, cheaper model and enthusiasm for self-driving software.
Exxon Mobil (NYSE:), Chevron (NYSE:) both dropped over 2% on the back of oil prices slumping around 6% given the reduced geopolitical tensions in the Middle East.
Trump Media & Technology (NASDAQ:) stock rose 6.9%, continuing the sharp rally of recent weeks, driven by investor bets on a potential Trump victory in the 2024 U.S. presidential election.
GlobalFoundries (NASDAQ:) stock fell 1% after Morgan Stanley downgraded its stance on the semiconductor manufacturing company to ‘equal weight’ from ‘overweight’, citing anticipated wafer pricing pressures from competitors like TSMC and Chinese foundries.
Philips (NYSE:) ADRs slumped 17% after the Dutch conglomerate posted a third-quarter revenue miss and a revised outlook, primarily due to weaker demand in China.
CrowdStrike (NASDAQ:) stock rose 0.1% despite Delta Air Lines (NYSE:) announcing plans to sue the security software company for $500 million in damages caused by massive airline cancellations.
Robinhood (NASDAQ:) stock rose 2.6% after the trading platform announced the launch of U.S. presidential election event contracts, enabling customers to trade based on their prediction for the tightly contested race.
