Investing.com – U.S. stocks fell on Monday on concerns about rate cuts ahead of the release of key inflation data and the latest Federal Reserve meeting this week.
Here are some of the biggest premarket drivers for US stocks today:
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Apple (NASDAQ:) shares rose 0.4% ahead of the start of the tech giant's annual developers conference, where it is expected to show how it is integrating artificial intelligence into its software suite, including a revamped Siri voice assistant and a possible partnership with ChatGPT. OpenAI owner.
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Modern (NASDAQ Shares rose 1.5% after the biotech company said its combination vaccine, which targets both Covid-19 and flu, was more effective than existing standalone shots in a late-breaking trial stage.
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tesla (NASDAQ:) shares fell 0.2% after Norway's $1.7 trillion sovereign wealth fund said it will vote against ratifying CEO Elon Musk's $56 billion pay package, which is subject to shareholder vote.
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Game stop (NYSE:) shares rose 7.7%, rebounding from Friday's 40% drop in the wake of a big first-quarter sales loss, as volatile trading in the meme-favorite stock continued.
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Southwest Airlines (NYSE:) shares soared 9% after the Wall Street Journal reported that activist investor Elliott Investment Management has taken a nearly $2 billion stake in the airline and plans to push for changes.
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Strike crowd (NASDAQ:), kkr (NYSE:) and Go daddy (NYSE:) all rose sharply after S&P Dow Jones Indices said the companies would be included later this month, replacing Roberto half (NYSE:), Comerica (NYSE:) and glow up (NASDAQ:).
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DraftKings (NASDAQ:) shares rose 2% after Morgan Stanley added the betting company to its Top Pick list, citing positive capital return catalysts and reiterated guidance.
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Broadcom (NASDAQ:) shares rose 1.4% after Morgan Stanley resumed coverage of the “overweight” semiconductor company, calling it one of the strongest bets on ai.
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