Microvast Holdings announces departure of chief financial officer
Investing.com -- U.S. stock futures traded in a mixed fashion Tuesday, as investors assessed the new developments in President Donald Trump’s aggressive trade negotiations.
Here are some of the biggest premarket U.S. stock movers today:
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Amazon (NASDAQ:AMZN) stock rose 0.3% with the online retail giant kicking off its Prime Day, with estimates predicting a spike in digital shopping during the longer-than-usual four-day sales event.
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Tesla (NASDAQ:TSLA) stock rose 0.9%, rebounding after the previous session’s hefty losses as investors indicated disappointment at CEO Elon Musk starting a new political party, a further distraction to running the EV manufacturer.
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Oracle (NYSE:ORCL) stock rose 1.2% after Jefferies lifted its target price on the software giant, citing the glide path from mega deals to accelerating growth.
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JPMorgan Chase (NYSE:JPM) stock fell 0.3% and Goldman Sachs (NYSE:GS) dropped 0.4% after HSBC downgraded both U.S. banking giants to “reduce” from “hold”, seeing limited upside.
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Enphase Energy (NASDAQ:ENPH) shares dropped 3% and SolarEdge Technologies (NASDAQ:SEDG) fell 5.3%, after President Donald Trump issued an executive order aiming to strengthen rules repealing or limiting tax credits for solar and wind energy projects.
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Robinhood (NASDAQ:HOOD) stock rose 0.8% after CEO Vlad Tenev said the crypto exchange is in discussions with regulators regarding its tokenized equities offering in Europe.
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Ciena (NYSE:CIEN) stock fell 3.4% after Morgan Stanley (NYSE:MS) downgraded its stance on the optical networking company to “underweight” from “equal weight”, citing a lack of margin upside in the near term.
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UWM Holdings (NYSE:UWMC) stock rose 1.3% after Barclays (LON:BARC) upgraded the mortgage lender to “overweight” from “equal weight”, saying the stock looks discounted enough.