EU and US could reach trade deal this weekend - Reuters
Investing.com -- U.S. stock futures soared Monday after the White House and Chinese officials agreed on a trade deal, lessening tensions between the two largest economies in the world.
Here are some of the biggest premarket U.S. stock movers today:
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Apple (NASDAQ:AAPL) stock soared 6.5% following the U.S.-China trade deal, and after the Wall Street Journal reported that the tech giant is considering raising prices for its flagship iPhone without blaming tariffs.
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Amazon (NASDAQ:AMZN) stock soared 7.6%, with e-commerce giant’s supply chains heavily linked to China
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Pfizer (NYSE:PFE), Eli Lilly (NYSE:LLY) and Johnson & Johnson (NYSE:JNJ) all fell more than 2% after President Donald Trump said he would cut prescription drug prices by 59%, but gave no further details about his plan to lower medicine costs.
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Chevron (NYSE:CVX) and Exxon Mobil (NYSE:XOM) stocks both rose about 2% as crude prices surged in the wake of the trade deal between the two largest oil consuming nations in the world.
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Alibaba (NYSE:BABA), JD.com (NASDAQ:JD) and Baidu (NASDAQ:BIDU) all traded substantially higher, with the Chinese stocks benefiting from a lessening in tensions between the two countries after the trade deal.
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Alphabet (NASDAQ:GOOGL) stock rose 2.8% after analysts at DA Davidson published a note suggesting now was the time to break up the Google owner to unleash shareholder value.
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Novo Nordisk (CSE:NOVOb) (NYSE:NVO) stock fell 3% after Eli Lilly’s Zepbound demonstrated significantly greater weight loss than Novo Nordisk’s Wegovy in a head-to-head clinical trial.
- Polestar (NASDAQ:PSNY) stock rose 3.7% after the Swedish electric-vehicle maker reported a hefty reduction in its quarterly loss, in a sign that the company’s efforts to cut costs across its business and push sales of its higher-priced models were bearing fruit.
- Monday.Com (NASDAQ:MNDY) stock gained 5.9% after the work management software company reported first-quarter earnings that exceeded analyst expectations and provided upbeat full-year guidance.
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