Stock futures Monday were pointing mostly to the upside as traders awaited what could be the Federal Reserve ’ s first interest-rate cut since 2020 later this week.
These stocks were poised to make moves Monday:
Apple shares slid 1.71% in premarket trading. Apple analyst Ming-Chi Kuo said demand for the iPhone 16 Pro and iPhone 16 Pro Max has been "lower than expected" since the devices became available to pre-order in the U.S. and dozens of other countries on Friday. Kuo said his data is based on a "supply chain survey" and shipping estimates listed on Apple's online store.
Trump Media & Technology Group, the social media business owned by former President Donald Trump, was rising 4.2% in premarket trading, extending gains from Friday when the stock jumped 12% after Trump said he wouldn ’ t sell his stake when his lockup period expires on Sept. 20. The former president also was the target of a second apparent assassination attempt on Sunday.
Boeing rose 0.5% after slumping 3.7% following the start of a strike by the aerospace company ’ s biggest union, which represents about 33,000 workers. Moody ’ s Ratings last week placed all of Boeing ’ s credit ratings on review for a possible downgrade, saying it would assess the strike ’ s duration and impact on cash flow.
Shares of Tesla were up 0.4%. The electric-vehicle maker tweeted Saturday that it had manufactured its 100 millionth 4680 battery cell. The batteries are Tesla ’ s larger, most advanced batteries that allow for more energy, longer range, and lower manufacturing costs.
Earnings reports are expected this week from General Mills, FedEx, Lennar, and Ferguson Enterprises.
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