Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Investing.com -- U.S. stock futures slumped Thursday, as investors fretted about the escalation in the Sino-U.S. trade war, even as U.S. President Donald Trump announced a 90-day pause on most reciprocal tariffs.
Here are some of the biggest premarket U.S. stock movers today:
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Constellation Brands (NYSE:STZ) stock fell 2.7% after the brewer, which makes Corona beer, forecast fiscal 2026 profit below expectations, expecting steep levies imposed by the Trump administration to hit its beers and spirits business.
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Tesla (NASDAQ:TSLA) stock slid 3.7% and Nvidia (NASDAQ:NVDA) dropped 3.2% as most megacap and growth stocks slid in premarket trade after recording stellar gains in the last session.
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Apple (NASDAQ:AAPL) stock fell 3.1%, handing back some of the previous session’s 15% gains. Reuters reported the tech giant has flown around 1.5 million iPhones from India to the United States in recent weeks, as part of an aggressive move to sidestep the impact of steep U.S. tariffs on Chinese imports.
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Intel (NASDAQ:INTC) stock fell 4.1% after Reuters reported that Lip-Bu Tan, the man chosen to lead the U.S.'s largest chip maker has invested in hundreds of Chinese tech firms, including at least eight with links to the People's Liberation Army.
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CarMax (NYSE:KMX) stock fell 7.2% after the used vehicle retailer reported fourth-quarter earnings below expectations, prompting selling after this stock had gained over 11% during the last 12 months.
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United States Steel (NYSE:X) stock fell 10% after President Trump said he did not want to see the steel producer go to Japan, implying he does not support Nippon Steel’s bid.
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UBS (NYSE:UBS) stock fell 1.7% despite the Swiss lender reaffirming its intention to repurchase shares to the tune of $3 billion in 2025, despite looming capital rule changes and global economic uncertainty.
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General Motors (NYSE:GM) stock fell 3% after UBS downgraded its stance on the auto giant to “neutral” from “buy”, citing the impact of tariffs on the company’s cost structure as well as the potential hit to auto demand.
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Newsmax (NYSE:NMAX) stock fell 5.5%, adding to the previous session’s 11% loss, after a Delaware judge ruled that the conservative news outlet published defamatory and false statements accusing Dominion Voting Systems of rigging the 2020 election.