Alphabet, Apple, Tesla, Boeing rise premarket; Accenture falls
Investing.com — U.S. futures edged higher Tuesday, struggling to maintain the recent rally as Fed officials attempt to rein in elevated levels of optimism of interest rate cuts next year.
Here are some of the biggest premarket U.S. stock movers today:
Apple (NASDAQ:AAPL) stock rose 0.3% even after the tech giant said it would pause sales of its Series 9 and Ultra 2 smartwatches in the United States from this week, as it deals with a patent dispute over the technology that enables the blood oxygen feature on the devices.
Alphabet (NASDAQ:GOOGL) stock rose 0.4% despite its Google unit agreeing to pay $700 million to settle a lawsuit brought against the search giant by U.S. states and consumers over anticompetitive practices at its Play app store on Android devices.
Tesla (NASDAQ:TSLA) stock rose 0.5% after CNBC reported the EV manufacturer is planning a 10% or greater pay rise for some set-rate hourly employees at its battery factory in Nevada, a move that could help Tesla persuade workers at the site not to form a union and demand a collective agreement.
Accenture (NYSE:ACN) stock fell 1.9% after the IT consultant said it expects revenues in its current quarter to be lower than the prior three-month period due to negative currency effects, although tailwinds remained from hype around artificial intelligence.
Boeing (NYSE:BA) stock rose 0.9% after the German carrier Lufthansa ordered 40 737 planes, for the first time since 1995.
PepsiCo (NASDAQ:PEP) stock fell 0.6% after JPMorgan downgraded its stance on the soft drinks giant to ‘neutral’ from ‘overweight’, citing “limited room for positive surprises.”
Plug Power (NASDAQ:PLUG) stock fell 5.2% after Piper Sandler downgraded the hydrogen fuel cell firm to ‘underweight’
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