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CVS Health, Ford, McCormick and Nio rise premarket; Boeing falls

Published 10/01/2024, 07:48 AM
Updated 10/01/2024, 07:57 AM
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Investing.com -- US stock futures traded mostly lower Tuesday, ahead of the release of more important economic data.

Here are some of the biggest premarket US stock movers today

  • CVS Health (NYSE:CVS) stock rose 2.2% after Reuters reported that the health care company is reportedly mulling options that would include the breaking up of its retail and insurance divisions.

  • Ford (NYSE:F) stock rose 2.4% after Goldman Sachs upgraded it stance on the auto giant to “buy” from “neutral”, citing margin opportunity from growing software and services mix.

  • Boeing (NYSE:BA) stock fell 0.6% after Bloomberg reported that the aircraft manufacturer was considering raising at least $10 billion by selling new stock.

  • Trump Media & Technology Group (NASDAQ:DJT) stock rose 5.2% after the operator of the social media platform Truth Social announced today that its custom-built content delivery network is now operating from multiple sites across the country.

  • Nio (NYSE:NIO) stock rose 4.5%, Li Auto (NASDAQ:LI) stock gained 3.7% and Xpeng (NYSE:XPEV) stock lifted 3.5% after the Chinese EV manufacturers reported growth in vehicle deliveries during September and the third quarter of 2024.

  • McCormick (NYSE:MKC) stock rose 1.8% after the spice maker raised its annual earnings forecast after posting better-than-expected third-quarter results.

  • Tesla (NASDAQ:TSLA) stock rose 0.5% ahead of reporting third-quarter deliveries on Wednesday, with analysts expecting an 8% jump from a year ago.

  • ZIM Integrated Shipping Services (NYSE:ZIM) stock fell 5.1% as a strike by US dockworkers shut a number of ports.

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