Procore signs multi-year strategic collaboration agreement with AWS
Investing.com -- U.S. stock futures fell Monday, with investors cautiously awaiting fresh trade news as President Donald Trump’s July deadline for negotiations rapidly approaches.
Here are some of the biggest premarket U.S. stock movers today:
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Tesla (NASDAQ:TSLA) stock slumped 6.8% after CEO Elon Musk said he will launch a new political party, potentially further diverting his attention away from the EV manufacturer.
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Apple (NASDAQ:AAPL) stock fell 0.5% after the iPhone maker decided to challenge EU regulators in Europe’s second highest court on Monday after being fined €500 million ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech.
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Stellantis (NYSE:STLA) stock fell 4.5% after the U.S. National Highway Traffic Safety Administration opened a recall query covering about 1.2 million of the auto giant’s Ram trucks over concerns related to the transmission.
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Shell (NYSE:SHEL) ADRs fell 3.1% after the energy giant issued a downbeat second-quarter trading update, pointing to lower trading performance and weaker-than-expected earnings in its downstream operations.
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MGM Resorts (NYSE:MGM) stock fell 1.8% after Goldman Sachs initiated coverage of the gaming stock with a “sell” recommendation, citing a volatile Las Vegas market.
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Geo Group (NYSE:GEO) stock soared 7.5% and CoreCivic (NYSE:CXW) gained 2.7% after the passing of Trump’s tax-and-spending bill, which significantly increases funding for immigrant detention.
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CrowdStrike (NASDAQ:CRWD) stock fell 1.6% after Piper Sandler downgraded its stance on the cybersecurity company to “neutral” from “overweight”, calling it a valuation call as its shares are close to Piper’s price objective.
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Chubb (NYSE:CB) stock fell 1% after Barclays (LON:BARC) downgraded the insurance company to “equal weight” from “overweight”, seeing only limited upside.