Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Investing.com -- U.S. stock futures slipped lower Tuesday, dropping back from record levels as investors digested the latest news on trade deals, the Trump administration’s tax bill as well as upcoming key economic data.
Here are some of the biggest premarket U.S. stock movers today:
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Tesla (NASDAQ:TSLA) stock slumped 4.8% after U.S. President Donald Trump escalated his feud with Elon Musk, accusing the Tesla CEO of benefiting excessively from government subsidies and calling for a review of his company’s federal support.
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MSC Industrial (NYSE:MSM) stock rose 3.5% after the industrial supplies company reported fiscal third-quarter results that beat earnings expectations despite year-over-year declines in profit and sales.
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AeroVironment (NASDAQ:AVAV) stock fell 5.3% after the drone maker said it plans to issue $750 million in common stock, as well as $600 million in convertible senior notes due 2030, to repay indebtedness.
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Progress Software (NASDAQ:PRGS) stock fell 3.7% after the business application software maker reported second-quarter sales that fell short of expectations.
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Circle Internet (NYSE:CRCL) stock rose 0.6% after Reuters reported that the stablecoin firm was applying to create a national trust bank in the U.S.
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Amrize (NYSE:AMRZ) stock fell 2.5% after Goldman Sachs initiated coverage of the cement and roofing company with a “neutral” rating, saying it generates industry-leading margins but expressed concerns about slowing construction growth.
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Wolfspeed (NYSE:WOLF) stock soared 75% after the chipmaker filed for Chapter 11 bankruptcy protection, as it grapples with huge debt amid slowing demand from electric vehicle and industrial markets.
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Dyne Therapeutics (NASDAQ:DYN) stock dropped over 12% after the biotechnology company announced a $200 million equity raise.