Investing.com - U.S. stock futures slipped on Monday as investors assessed the impact of President Donald Trump’s tariff plans and gauged his scathing remarks about Federal Reserve Chair Jerome Powell.
Here are some of the biggest premarket U.S. stock movers today:
- Netflix (NASDAQ:NFLX) shares rose after shares in Netflix edged higher in premarket U.S. trading after executives at the streaming service suggested they were confident that it could withstand the economic fallout from Trump’s tariffs.
- Taiwan Semiconductor Manufacturing Co’s (NYSE:TSM) American depositary receipts were lower after the contract chip giant’s Arizona subsidiary reported a loss of NT$14.3 billion last year.
- Tesla (NASDAQ:TSLA) shares dropped after Wedbush Securities analysts Dan Ives said the electric vehicle maker faces a "code red" moment prior to its first-quarter earnings this week. Tesla is also grappling with a delay of several months to the production launch of a lower-cost model of its Model Y offering, according to Reuters.
- Magnificent Seven stocks -- a group of mega-cap technology names that includes Tesla, Facebook-owner Meta Platforms (NASDAQ:META), e-commerce titan Amazon (NASDAQ:AMZN), Google-parent Alphabet (NASDAQ:GOOGL), iPhone manufacturer Apple (NASDAQ:AAPL), software group Microsoft (NASDAQ:MSFT) and artificial intelligence-darling Nvidia (NASDAQ:NVDA) -- retreated. The shares were weighed down by the U.S. dollar, which weakened after Trump revived threats to oust Federal Reserve Chair Jerome Powell.
- Capital One (NYSE:COF) has received approval from U.S. regulators to buy Discover Financial Services (NYSE:DFS), sending shares in both higher.
- Miner Barrick Gold (NYSE:GOLD) climbed by more than 3% after the price of gold touched a new record high.