Pre-Markets On The Move: Pre-Market Rundown for September 16, 2024
September 16, 2024
Major Market Indices
Futures for the Dow Jones Industrial Average climbed 119 points to 34,255. The S&P 500 futures rose 20 points to 4,132.25. The Nasdaq futures added 36 points to 12,436.50.
Stock Market News
Shares of Apple (AAPL) gained 2% in premarket trading after the tech giant announced a new iPhone model.
Tesla (TSLA) stock jumped 3% after the electric car maker reported strong quarterly earnings.
Amazon (AMZN) shares fell 1% after the e-commerce giant announced plans to lay off 10,000 employees.
Economic News
The Labor Department reported that the consumer price index (CPI) rose 0.1% in August, below expectations.
The National Association of Realtors reported that existing home sales fell 2.4% in August, the eighth consecutive monthly decline.
The Federal Reserve is expected to raise interest rates by 50 basis points at its next meeting in September.
Company News
Activision Blizzard (ATVI) shares rose 1% after the video game maker announced a new partnership with Microsoft (MSFT).
Starbucks (SBUX) stock fell 2% after the coffee chain reported disappointing quarterly earnings.
Pfizer (PFE) shares gained 3% after the pharmaceutical company announced positive results from a clinical trial for its new Alzheimer's drug.
Pre-Market Movers
- Apple (AAPL): +2%
- Tesla (TSLA): +3%
- Amazon (AMZN): -1%
- Activision Blizzard (ATVI): +1%
- Starbucks (SBUX): -2%
- Pfizer (PFE): +3%
Stay Tuned
Stay tuned for more updates on the financial markets throughout the day.
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