Tesla, United Natural Foods, Snap fall premarket; Fisker, DraftKings rise
Investing.com -- U.S. futures fell Tuesday, with investors dealing with the fallout from the Federal Reserve's hawkish policy update last week as well as a potential government shutdown.
Here are some of the biggest premarket U.S. stock movers today:
Tesla (NASDAQ: TSLA) stock fell 0.8% after the Financial Times reported that the EV manufacturer’s export vehicles from China to the European Union will be included in the EU's investigation into whether China's electric vehicle industry is benefiting from unfair subsidies.
United Natural Foods (NYSE: UNFI) stock fell 13% after the organic foods company swings to a loss amid lower inflation benefits.
Snap (NYSE: SNAP) stock fell 1.5% after HSBC initiated coverage of the social media company with a ‘reduce’ rating, saying a successful turnaround of its core advertising business is unlikely.
Alibaba (NYSE: BABA) ADRs fell 0.3% after the Chinese e-commerce giant announced a plan to list its logistics arm Cainiao in Hong Kong that would make the unit the first to be separated since it announced its break-up six months ago.
Coty (NYSE: COTY) stock fell 3% after the cosmetics maker launched a global offering of 33 million shares and said it had submitted an application for dual listing of its shares on the Paris Stock Exchange.
Fisker (NYSE: FSR) stock rose 3.8% after the EV manufacturer announced that it expects to ramp up deliveries to 300 vehicles per day in U.S. and Europe, having manufactured 5,000 Fisker Oceans to date.
DraftKings (NASDAQ: DKNG) stock rose 3.1% after JPMorgan upgraded its stance on the betting company to ‘overweight’ from ‘neutral’, seeing promising potential for same-store and new market growth.
Nordson (NASDAQ: NDSN) stock fell 1.5% after Jefferies downgraded its stance on adhesive manufacturing company to ‘hold’ from ‘buy’, doubting the company’s near-term growth.