Goldman Sachs, Morgan Stanley rise premarket; Tesla, Apple, Boeing fall
Investing.com — U.S. futures retreated Tuesday, as risk appetite fell while investors digested earnings from more senior banks.
Here are some of the biggest premarket U.S. stock movers today:
Goldman Sachs (NYSE:GS) stock rose 0.8% after the lender’s profit rose 51% in the fourth quarter as its equity traders capitalized on a recovery in markets and revenue from its asset and wealth business rose.
Morgan Stanley (NYSE:MS) stock rose 1.1% after the bank beat revenue forecasts by a wide margin, boosted by strength in its investment banking business, even as it missed profit expectations because of special one-time charges.
Tesla (NASDAQ:TSLA) stock fell 1.4% after CEO Elon Musk said he would be uncomfortable growing the electric vehicle maker to be a leader in artificial intelligence and robotics without having at least 25% voting control of the company.
Apple (NASDAQ:AAPL) stock fell 1.6% after the tech giant offered rare discounts on its iPhones in China, implying serious competition pressures.
Boeing (NYSE:BA) stock fell 1.2% after the Federal Aviation Administration extended the grounding of the plane maker’s 737 MAX 9 airplanes indefinitely for new safety checks. Wells Fargo downgraded the company to ‘equal weight’ from ‘overweight’, saying the risk of production/delivery impact has increased “significantly” after the recent Alaska Air (NYSE:ALK) flight drama.
Microsoft (NASDAQ:MSFT) stock rose 0.8%, with the software giant remaining in demand just a few days after it overtook Apple as the world's most valuable firm.
PayPal (NASDAQ:PYPL) stock fell 1.5% after social media giant X, formerly known as Twitter, was granted a license to transfer money from Utah on Monday, as it explores adding a payments feature to its
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