In response to Monday’s 0.30 percent fall, the S&P 500 SPX -0.30 percent futures were up 0.6 percent today. The following is a list of some of the stocks that moved during premarket trading.
Following the Federal Reserve’s annual stress test, several of Wall Street’s largest banks declared that they will hike their payouts. A 1% jump in premarket trading has been seen by Goldman Sachs, Bank of America, and Wells Fargo (WFC), while Morgan Stanley (MS) has seen a 3.5% rise.
Goldman Sachs downgraded Boston Beer (SAM) from Neutral to Sell, resulting in a 2.4% fall in share price. After being raised to Neutral from Sell, Molson Coors Beverage (TAP) has gained 1.4 percent.
As of this writing, UBS has downgraded eBay EBAY from a Buy rating to Neutral.
UBS has downgraded Novo Nordisk (NVO) to Sell from Neutral, resulting in a 2.4 percent drop in the stock price.
(QCOM) has risen 1.4% after being included in BofA’s U.S. 1 List.
Compass Point has upgraded Riot Blockchain RIOT from Neutral to Buy, resulting in a 4.9 percent gain.
The stock of Robinhood Markets (HOOD) has fallen almost 4% in premarket trade after rallying 14% on Monday. Following a rumor Monday that Sam Bankman-Fried, the CEO of FTX, was in discussions to acquire the online broker, shares in the company fell.
Shares of cloud-based data warehousing provider Snowflake SNOW –2.23 percent (SNOW) have jumped 3% in the premarket after Jefferies upgraded the stock to Buy from Hold.
As a result of the country’s decision to cut quarantine periods in half for visitors, Chinese travel stocks rose. Trip.com Group (TCOM) and Tuniu (TOUR) both rose more than 16 percent in premarket trade in the United States. WYNN and Las Vegas Sands (LVS), two of the largest casino operators in Macau, have seen their stock prices jump 6.5% and 6%.
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