By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, September 7th. Please refresh for updates.
Boeing (NYSE:BA) stock fell 1% after the aircraft manufacturer suffered an orders blow. European budget airline Ryanair, one of the U.S. aircraft manufacturer’s largest customers, ended negotiations about a deal for 737 MAX 10 jets due to differences over price.
AMC Entertainment (NYSE:AMC) stock rose 2.3% after Marvel’s ‘Shang-Chi and the Legend of the Ten Rings’ movie generated an estimated $90 million on its debut weekend in North American cinemas, a record for a Labor Day weekend debut and a boost for the cinema chain.
Match Group (NASDAQ:MTCH) stock soared 9.7% following the inclusion of the company, which owns the Tinder, Hinge and OkCupid dating apps, in the S&P 500 Index.
Columbia Property (NYSE:CXP) stock rose over 15% after Pacific Investment Management Company announced it would buy the real estate investment trust for $2.2 billion.
JD.com (NASDAQ:JD) ADRs rose 1.7%, helped by the news that founder and chief executive Richard Liu will switch his focus to the e-commerce giant's long-term strategy, creating the new role of president to run the company's day-to-day operations.
Moderna (NASDAQ:MRNA) stock fell 0.7% and Pfizer (NYSE:PFE) stock rose 0.3% following comments by top U.S. infectious disease expert Dr. Anthony Fauci over the weekend. He suggested Covid-19 vaccine booster shots made by Pfizer were likely to get the go-ahead shortly, while Moderna’s booster could take a little longer.
Johnson & Johnson (NYSE:JNJ) stock fell 0.6%, Merck (NYSE:MRK) stock dropped 0.5% and Amgen (NASDAQ:AMGN) stock fell 0.7% after Morgan Stanley (NYSE:MS) downgraded its investment rating on the three pharma stocks all to ‘equal weight’ from ‘overweight’, saying upside was limited from current levels.
Spotify (NYSE:SPOT) stock rose 4.8%, boosting by KeyBanc upgrading its stance to ‘overweight’ from ‘equal weight’, saying monthly active users appear to be back on track.