U.S. stocks surge; investors buoyed by progress towards ending government shutdown
Investing.com -- U.S. stock futures rose Monday after the Senate made progress over the weekend towards ending the U.S. government shutdown, the country’s longest ever.
Here are some of the biggest premarket U.S. stock movers today:
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Pfizer (NYSE:PFE) stock rose 0.6% after the U.S. pharma giant clinched a $10 billion deal for obesity drug developer Metsera, down 14%, capping a fierce biotech bidding war with Danish rival Novo Nordisk, up 0.9%.
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Nvidia (NASDAQ:NVDA) stock gained 3% after the semiconductor giant’s CEO Jensen Huang said over the weekend that the company is experiencing "very strong demand" for its state-of-the-art Blackwell chips.
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Tesla (NASDAQ:TSLA) stock rose 2.2%, helped by the overall optimism, even after its sales in China dropped to 26,006 vehicles in October, their lowest in three years, as the U.S. electric vehicle maker struggles with tepid demand in the hyper-competitive market.
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Taiwan Semiconductor Manufacturing (NYSE:TSM) stock gained 2.2% after the world’s largest contract chipmaker reported strong growth in its revenue in October, continuing to benefit from outsized artificial intelligence-fueled demand.
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Barrick Mining (NYSE:B) stock rose 4.5% after the gold and copper miner raised its dividend and expanded its share buyback program, after beating quarterly adjusted profit estimates as stronger gold prices helped offset a decline in production.
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Beyond Meat (NASDAQ:BYND) gained 0.7% ahead of its delayed earnings report after the close. The plant-based meat maker put its third-quarter results back by a week, saying it required more time to quantify an impairment charge related to some of its assets.
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Rumble (NASDAQ:RUM) stock soared 17% after the online video platform said it will acquire German data center firm Northern Data in an all-stock deal valuing the latter at about $767 million.
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CoreWeave (NASDAQ:CRWV) stock gained 4.4%, with earnings from the artificial intelligence data center firm later Monday likely to keep investors’ focus on the technology that has helped drive markets higher over the past few years.