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Apple, Moderna, Applied Materials fall premarket; Alibaba, Domino’s Pizza rise

admin by admin
November 15, 2024
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Apple, Moderna, Applied Materials fall premarket; Alibaba, Domino’s Pizza rise
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Investing.com — US stock futures fell Friday, with the Wall Street indices on course for a losing week as the post-election rally starts to fizzle out.

Here are some of the biggest premarket US stock movers today:

  • Apple (NASDAQ:AAPL) stock fell 0.7% after Berkshire Hathaway (NYSE:BRKa) sold about a quarter of its stake in the iPhone maker, amounting to 100 million shares in the third quarter, a regulatory filing confirmed on Thursday.

  • Tesla (NASDAQ:TSLA) stock rose 0.7% after RBC Capital raised its price target on the EV manufacturer, citing growing confidence in the company’s autonomous vehicle (AV) ambitions and its operational advantages over legacy automakers.

  • Domino’s Pizza (NYSE:DPZ) stock soared 7.1% and Pool Corporation (NASDAQ:POOL) stock climbed 5.9% after Warren Buffett’s company took a stake in the fast food chain as well as the swimming pool supplier in the third-quarter, according to regulatory filings.

  • Alibaba (NYSE:BABA) ADRs rose 3% after the Chinese e-commerce giant reported better-than-expected third-quarter earnings, citing an acceleration in growth in its cloud business unit.

  • BioNTech (NASDAQ:BNTX), Moderna (NASDAQ:MRNA) and Novavax (NASDAQ:NVAX) all fell more than 2% after President-elect Donald Trump picked Robert F. Kennedy Jr., a vaccine skeptic, to lead the Department of Health and Human Services.

  • Applied Materials (NASDAQ:AMAT) stock fell 8.2% after its quarterly earnings missed some street expectations, with slowing revenue from China a key point of contention.

  • Palantir (NYSE:PLTR) stock rose 2.7% after the analytics software provider said it is shifting its listing to the Nasdaq from the New York Stock Exchange.

This post appeared first on investing.com

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