Investing.com - Financial Markets Worldwide

Tesla, Autodesk and Intuit rise premarket; Deckers, Ross Stores fall

AuthorPeter Nurse
Published 23/05/2025, 12:12
© Reuters.
ADSK
0.72%
AAPL
0.06%
ROST
1.39%
INTU
0.61%
TSLA
3.52%
UEC
1.60%
DECK
11.35%
002594
-1.40%
CEG
1.77%
NNE
7.45%

Investing.com -- U.S. stock futures steadied Friday, with Wall Street indices set for weekly losses on growing fiscal concerns as President Donald Trump’s tax bill makes its way through Congress.

Here are some of the biggest premarket U.S. stock movers today:

  • Tesla (NASDAQ:TSLA) stock rose 1.3% despite a report showing that Chinese EV giant BYD (SZ:002594) outsold its U.S. rival for the first time in Europe, with Wedbush calling Tesla “the most undervalued AI play in the market today.”

  • Apple (NASDAQ:AAPL) stock fell 0.1% after the tech giant offered additional trade-in discounts for new iPhones in China until June 18, in what appears to be its latest attempt to boost sales in this vital market.

  • Ross Stores (NASDAQ:ROST) stock slumped 11% after the discount retailer issued weaker-than-expected guidance for the second quarter, citing concerns over tariffs and macroeconomic uncertainty.

  • Autodesk (NASDAQ:ADSK) stock rose 2.5% after the software company raised its full-year guidance after reporting strong first-quarter results, driven by robust demand for its cloud-based design and engineering platforms.

  • Intuit (NASDAQ:INTU) stock surged 8.5% after the software group raised its full-year guidance and issued an upbeat current-quarter outlook as a strong tax season spurred demand for its TurboTax and QuickBooks software.

  • Deckers Outdoor (NYSE:DECK) stock slumped 17% after the maker of UGG boots said it would not provide annual targets owing to tariff-led macroeconomic uncertainty and forecast first-quarter net sales below estimates.

  • Uranium Energy (NYSE:UEC), Constellation Energy (NASDAQ:CEG) and Nano Nuclear Energy (NASDAQ:NNE) are among a number of nuclear stocks that posted strong gains after a Reuters report said U.S. President Donald Trump will soon sign executive orders aimed to jumpstart the nuclear energy industry.

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