Cardiff Oncology shares plunge after Q2 earnings miss
Investing.com -- US stock futures fell sharply Monday, with the imposition of tariffs on major trading partners by the Trump administration hitting sentiment.
Here are some of the biggest premarket US stock movers today:
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General Motors (NYSE:GM) stock fell 7.7% and Ford (NYSE:F) fell 4.8% as investors parsed through the implications of President Donald Trump’s new tariffs on some of America’s closest trading partners. GM in particular constructs more of its cars in Mexico than any other manufacturer.
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Tesla (NASDAQ:TSLA) stock fell 3.2%, with the EV maker unlikely to escape the impact of the tariffs. GLJ Research called Tesla’s latest earnings report an "unmitigated disaster.”
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Nvidia (NASDAQ:NVDA), AMD (NASDAQ:AMD), Broadcom (NASDAQ:AVGO) and Qualcomm (NASDAQ:QCOM) all fell sharply, with semiconductor stocks feeling the pinch as escalating trade tensions sent uncertainty through global markets.
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Pfizer (NYSE:PFE) stock fell 0.8% with health experts seeing signs of a much smaller wave of US COVID-19 cases this winter than in previous years, putting additional pressure on the drugs giant to find growth from its non-COVID treatments.
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Constellation Brands (NYSE:STZ) stock fell 5.8% after Piper Sandler downgraded its stance on the drinks giant to “neutral” from “overweight”, citing the US tariffs and Canada’s retaliation.
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Palantir (NASDAQ:PLTR) stock fell 2%, with the data analysis software firm due to release its fourth quarter earnings after the US close.
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Exchange operator Coinbase (NASDAQ:COIN) stock dropped 6.2%, while the largest corporate holder of bitcoin, MicroStrategy (NASDAQ:MSTR), slid 6.5%, as bitcoin prices tumbled in a global risk-off move.