Today, we saw some interesting moves in the U.S. stock market as investors kept an eye on upcoming inflation data. Let’s take a closer look at the notable premarket activities of some big names.
Nvidia (NASDAQ: NVDA):
Nvidia’s stock went up by 1.3% today after a recent dip. This technology company, known for artificial intelligence, is bouncing back.
Boeing (NYSE: BA):
Boeing, an aerospace giant, faced a 4% drop in its stock. The U.S. Justice Department is reportedly looking into a serious incident involving one of its 737 Max jets.
Choice Hotels (NYSE: CHH):
Choice Hotels had a positive day, with a 4.8% rise in its stock. The hotel chain decided to stop trying to buy Wyndham Hotels & Resorts and also announced plans to buy back shares.
Netflix (NASDAQ: NFLX):
Netflix saw a 0.9% increase in its stock after Oppenheimer raised its price target. They believe that new rules and plans to boost revenue will make Netflix shine this year.
Coinbase (NASDAQ: COIN):
Coinbase, the cryptocurrency exchange, rose by 4% as Bitcoin hit a new record high.
Equitrans Midstream (NYSE: ETRN):
Equitrans Midstream went up by 2.7% after energy company EQT Corp. decided to repurchase its former pipeline unit.
Adobe (NASDAQ: ADBE):
Adobe faced an 0.8% drop after being removed from a top pick list due to increased competition.
Duolingo (DUOL):
Duolingo, the language-learning platform, rose by 1% as JPMorgan initiated coverage with a positive rating.
Meta Platforms (NASDAQ: META):
Meta Platforms (formerly Facebook) declined by 4.5% after comments from former President Trump about a potential TikTok ban benefiting Meta.
Moderna (NASDAQ: MRNA):
Moderna gained 9% on reports of starting a study for a vaccine for a type of skin cancer.
Conclusion:
These market movements give us a glimpse into the dynamic world of stocks. Stay tuned for more updates as we navigate through the twists and turns of the financial landscape.
