The premarket saw a decline in AutoZone, Starbucks, and Block while Dell and Tesla gained ground.
INTERNATIONAL STOCK MARKET NEWS
Date:- 19-09-2023
In anticipation of the commencement of the Federal Reserve's two-day meeting, which could set the tone for weeks to come, U.S. futures traded modestly higher on Tuesday.
Today's most actively changing premarket U.S. stocks include:
After pricing its initial public offering (IPO) at $30 per share, the upper end of its suggested price range, supermarket delivery app Instacart is ready to make its Nasdaq debut.
After the auto parts retailer AutoZone (NYSE:AZO) reported poor domestic commercial performance, investors dumped the stock, sending it down 2.1%.
The news that electric vehicle maker Tesla (NASDAQ:TSLA) was in talks with Saudi Arabia to build up a production facility in the kingdom caused shares of Tesla (NASDAQ:TSLA) to rise by 0.2%.
Target (NYSE:TGT) stock increased by 0.2% after the company announced it would hire roughly 100,000 workers for the holiday season and begin offering steep discounts in October.
After TD Cowen downgraded Starbucks (NASDAQ:SBUX) to "market perform" from "outperform" due to projected weaker customer spending in China, the coffee chain's stock price dropped 1.3%.
In response to news that Alyssa Henry, CEO of the fintech's unit Square, will be leaving the firm after more than nine years, shares of Block (NYSE:SQ) slumped 1.3%.
The stock price of Dell (NYSE:DELL) increased by 1.3% after Daiwa Securities raised its rating on the company from neutral to outperform, praising Dell for its robust second-quarter results and increasing sales of artificial intelligence.
Shares of CVS Health (NYSE:CVS) increased by 0.9% after investment firm Evercore ISI raised its rating for the pharmacy chain from "in line" to "outperform" due to "operational issues improving and an attractive current valuation."
Boston Scientific (NYSE:BSX) shares increased by 0.9% after the medical device maker announced it will acquire Relievant Medsystems for $850 million in cash and other consideration.
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