Investing.com - Financial Markets Worldwide

Target, Best Buy and Tesla fall premarket; AutoZone rises

AuthorPeter Nurse
Published 04/03/2025, 14:10
© Reuters
MSFT
0.59%
AMZN
3.10%
BBY
4.14%
TGT
2.25%
HON
2.49%
AZO
-0.41%
ILMN
2.53%
TSLA
6.22%
TSM
2.49%

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.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.