Target, Best Buy and Tesla fall premarket; AutoZone rises

Published 04/03/2025, 14:10
© Reuters

Investing.com -- US stock futures steadied Tuesday after the previous session’s sharp selloff, with investors digesting the latest tariff announcements from President Donald Trump.

Here are some of the biggest premarket US stock movers today:

  • Target (NYSE:TGT) stock fell 1.8% after the big-box retailer unveiled a cautious outlook for sales growth in its current financial year as it flagged uncertainty surrounding U.S. President Donald Trump’s trade policy.

  • Best Buy (NYSE:BBY) stock fell 1% despite the retailer posting a surprise rise in quarterly comparable sales for the all-important holiday shopping season, as customers took advantage of promotions to snap up high-end appliances and gaming consoles.

  • Tesla (NASDAQ:TSLA) stock fell 3.9% after data showed that the EV manufacturer’s sales of its China-made electric vehicles dropped 49.2% in February from a year earlier to 30,688 cars, the lowest since August 2022.

  • AutoZone (NYSE:AZO) stock rose 1.1% after the automotive parts retailer reported mixed second-quarter results, with revenue surpassing expectations but earnings falling short.

  • Honeywell (NASDAQ:HON) stock fell 0.8% after the industrial and aerospace giant said it will buy pump-maker Sundyne from private-equity firm Warburg Pincus for $2.16 billion in cash.

  • Amazon (NASDAQ:AMZN) stock fell 1.2% after Business Insider reported the e-commerce giant was building its own artificial intelligence model that could compete with more established offerings from firms like OpenAI and Anthropic.

  • Microsoft (NASDAQ:MSFT) stock fell 1.4% after Wolfe Research said the software giant’s shares are at a critical technical level, and failure to hold current support could lead to further 15%-20% downside.

  • Illumina (NASDAQ:ILMN) stock fell 2.9% after China banned imports of genetic sequencers from the medical equipment maker, in response to Trump’s tariff announcement.

  • Taiwan Semiconductor Manufacturing (NYSE:TSM) stock rose 0.6% after the chip manufacturer unveiled a fresh $100 billion investment in the United States.

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