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After hitting a nearly two-month high yesterday, the stock fell in early trading on Tuesday.
The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were trading 0.6% lower on Tuesday morning.
Boeing (BA) stock loses after United Airlines (UAL) and Alaska Airlines (ALK) both report finding loose bolts on Max 737 9 planes during Federal Aviation Administration-mandated inspections expanded.
Oil prices rebounded from yesterday’s plunge and US Treasury yields edged higher.
Overseas, Japan’s Nikkei Stock Average closed at a 33-year high of 33,763.18, while European stocks fell.
Stocks soared yesterday following a slew of product announcements from tech giants like Apple (AAPL) and Nvidia (NVDA).
Stocks that move the most before the market
32 minutes ago
Profit:
- Juniper Networks, Inc. (JNPR): The IT services and hardware provider’s stock rose 22%, hitting a nearly two-year high. wall street journal It is reported that the company is in initial negotiations with Hewlett Packard Enterprise (HPE) for an acquisition valued at approximately $13 billion. Hewlett-Packard shares fell 7% in early trading.
- Match Group Inc. (MTCH): Shares of the family of dating apps rose 11% after activist investor Elliott Investment Management took $1 billion of its stock public.
- Sarepta Therapeutics (SRPT): The biotech company’s stock rose more than 8% yesterday after a judge ruled in favor of Sarepta Therapeutics in its patent dispute with Regenxbio (RGNX). spurred a rise in Regenxbio stock fell 1% premarket, after falling 12% yesterday.
loss:
- JetBlue Airways (JBLU): The company’s stock price dropped by 4 after the airline announced that CEO Robin Hayes will step down next month and be replaced by Chief Operating Officer Joanna Geraghty. It fell by more than %.
- Microchip Technology Inc. (MCHP): The semiconductor company’s stock fell about 4% after the company lowered its fiscal third-quarter revenue forecast. The company now expects sales to decline 22% year over year, down from its previous forecast of 15% to 20%.
- Netflix Inc. (NFLX): The streaming company’s stock price dropped after Citi analysts downgraded the company’s stock from “buy” to “neutral,” citing overly optimistic revenue forecasts and the possibility of higher-than-expected content costs. fell about 2%.
Futures prices fall as tech rally plunges
1 hour 21 minutes ago
Futures contracts tied to the Dow Jones Industrial Average fell about 0.4% in premarket trading Tuesday.
S&P 500 futures also fell 0.4% about an hour before the market opened.
Nasdaq 100 futures fell 0.5%.
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