U.S. stock futures slipped lower Monday, on rate-cut worries ahead of the release of key inflation data and the latest Federal Reserve meeting this week.
Here are some of the biggest premarket U.S. stock movers today:
Apple (NASDAQ:AAPL) stock rose 0.4% ahead of the start of the tech giant’s annual developer conference, where it’s expected to showcase how it is integrating artificial intelligence across its software suite, including a revamped Siri voice assistant and a possible tie-up with ChatGPT owner OpenAI.
Moderna (NASDAQ:MRNA) stock rose 1.5% after the biotech company said its combination vaccine, which targets both Covid-19 and the flu, was more effective than existing standalone shots in a late-stage trial.
Tesla (NASDAQ:TSLA) stock fell 0.2% after Norway's $1.7 trillion sovereign wealth fund said it will vote against ratifying CEO Elon Musk's $56 billion pay package, which is up for a shareholder vote.
GameStop (NYSE:GME) stock rose 7.7%, bouncing from Friday’s 40% drop in the wake of a big first-quarter sales miss, as the meme stock favorite’s volatile trading continued.
Southwest Airlines (NYSE:LUV) stock soared 9% after the Wall Street Journal reported that activist investor Elliott Investment Management has built a nearly $2 billion stake in the carrier and plans to push for changes.
CrowdStrike (NASDAQ:CRWD), KKR (NYSE:KKR) and GoDaddy (NYSE:GDDY) all rose strongly after S&P Dow Jones Indices said the companies would be included in the S&P 500 later this month, replacing Robert Half (NYSE:RHI), Comerica (NYSE:CMA) and Illumina (NASDAQ:ILMN).
DraftKings (NASDAQ:DKNG) stock rose 2% after Morgan Stanley added the betting company to its Top Pick list, citing positive catalysts from capital return and reiterated guidance.
Broadcom (NASDAQ:AVGO) stock rose 1.4% after Morgan Stanley resumed coverage of the semiconductor company at ‘overweight’, calling it one of the strongest AI plays.
