By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, September 8th. Please refresh for updates.
Tesla (NASDAQ:TSLA) stock fell 14% after saying it completed the sale of $5 billion in common stock on Friday. The announcement by Standard & Poor’s, also on Friday, that it would not admit Tesla to the S&P 500 index for the present, also hurt the stock.
- General Motors (NYSE:GM) stock rose 7.4% and Nikola (NASDAQ:NKLA) climbed 33% after announcing a strategic partnership, with GM taking a 11% stake and $2 billion in equity in the electric truck maker.
Apple (NASDAQ:AAPL) stock fell 5.7%, Microsoft (NASDAQ:MSFT) 3.6%, Facebook (NASDAQ:FB) 4.1% and Amazon (NASDAQ:AMZN) dropped 3.9%, all suffering from the profit-taking associated with the tech sector after the sharp runup.
Boeing (NYSE:BA) stock fell 2.5% after the Wall Street Journal reported that the Federal Aviation Administration is reviewing quality-control lapses at the airplane maker that could stretch back almost a decade.
- Starbucks (NASDAQ:SBUX) stock fell 0.4% despite saying it will add plant-based food and beverages to menus across Asia from September, as it targets more environment-conscious diners.
Beyond Meat (NASDAQ:BYND) stock rose 0.4% after saying it had signed a deal to open a production facility near Shanghai, as the plant-based meat products maker looks to increase its focus on the rapidly-growing Chinese market.
AstraZeneca (NYSE:AZN) ADR rose 2% after U.K. health secretary Matt Hancock said the company’s Covid-19 vaccine would “most likely” be available in the first few months of 2021.
Peloton (NASDAQ:PTON) stock rose 0.5% after announcing the introduction of new products, the Peloton Bike+ and the new Peloton Tread, while cutting the price of its core exercise bike by 24%.
Wells Fargo (NYSE:WFC) stock fell 1.5% after Berkshire Hathaway (NYSE:BRKa) cut its stake in the bank to 3.3%, according to a Securities and Exchange Commission filing.