Stocks to Watch: Boeing, Tesla, Super Micro, Apple, Palantir, and More
Stock futures were down on Monday as Wall Street entered the final trading days of 2024, with lingering concerns about interest rates impacting sentiment. Here’s a roundup of key stock movements:
Tesla shares dropped 1.8% in premarket trading after falling 5% on Friday. The electric vehicle company recalled nearly 700,000 cars to fix a potential issue with the tire-pressure monitoring system's warning light. Tesla announced that the problem would be resolved through a free software update. Investors are also anticipating the company’s fourth-quarter delivery report, scheduled for Thursday.
Super Micro Computer slipped 0.5% in premarket trading, adding to Friday’s 5.2% decline that saw shares close at $31.98. The server manufacturer was hit hard by a broader tech-sector selloff triggered by rising interest rates. Despite this, Super Micro has risen 13% in 2024, making it one of the year's most volatile stocks in the S&P 500.
Social Media Stocks saw minor premarket losses as Meta Platforms, Alphabet, and Snap fell 0.5%, 0.3%, and 0.9%, respectively. The declines follow President-elect Donald Trump’s Friday request for the Supreme Court to block a federal TikTok ban set to take effect on January 19. Trump argued for more time to negotiate a resolution that could avoid a nationwide shutdown of the Chinese-owned app, which has become a major competitor to U.S.-based tech companies.
Apple shares dipped 0.5% in premarket trading after closing Friday at $255.59, down 1.3%. During Friday’s session, the stock briefly hit $258.70, bringing it closer to a $4 trillion market capitalization. Apple needs to close above $264.62 to achieve this historic valuation.
Palantir fell 1.8%, continuing its retreat from record highs. Shares were down 3.7% on Friday, following a recent rally. Meanwhile, Nvidia declined 0.7% in premarket trading after losing 2.1% on Friday. Nvidia and Palantir remain among the top-performing stocks of the year, up 360% and 177%, respectively.
Boeing dropped 4% in premarket trading after a deadly crash involving a Boeing 737-800 operated by South Korea’s Jeju Air. The aircraft, manufactured in 2009 and in operation with Jeju since 2017, crashed while landing, killing nearly all 181 passengers and crew on board.
Investors will continue monitoring these key stocks as the year wraps up, with additional developments likely to shape market performance in the coming days.
Stock futures were down on Monday as Wall Street entered the final trading days of 2024, with lingering concerns about interest rates impacting sentiment. Here’s a roundup of key stock movements:
Tesla shares dropped 1.8% in premarket trading after falling 5% on Friday. The electric vehicle company recalled nearly 700,000 cars to fix a potential issue with the tire-pressure monitoring system's warning light. Tesla announced that the problem would be resolved through a free software update. Investors are also anticipating the company’s fourth-quarter delivery report, scheduled for Thursday.
Super Micro Computer slipped 0.5% in premarket trading, adding to Friday’s 5.2% decline that saw shares close at $31.98. The server manufacturer was hit hard by a broader tech-sector selloff triggered by rising interest rates. Despite this, Super Micro has risen 13% in 2024, making it one of the year's most volatile stocks in the S&P 500.
Social Media Stocks saw minor premarket losses as Meta Platforms, Alphabet, and Snap fell 0.5%, 0.3%, and 0.9%, respectively. The declines follow President-elect Donald Trump’s Friday request for the Supreme Court to block a federal TikTok ban set to take effect on January 19. Trump argued for more time to negotiate a resolution that could avoid a nationwide shutdown of the Chinese-owned app, which has become a major competitor to U.S.-based tech companies.
Apple shares dipped 0.5% in premarket trading after closing Friday at $255.59, down 1.3%. During Friday’s session, the stock briefly hit $258.70, bringing it closer to a $4 trillion market capitalization. Apple needs to close above $264.62 to achieve this historic valuation.
Palantir fell 1.8%, continuing its retreat from record highs. Shares were down 3.7% on Friday, following a recent rally. Meanwhile, Nvidia declined 0.7% in premarket trading after losing 2.1% on Friday. Nvidia and Palantir remain among the top-performing stocks of the year, up 360% and 177%, respectively.
Boeing dropped 4% in premarket trading after a deadly crash involving a Boeing 737-800 operated by South Korea’s Jeju Air. The aircraft, manufactured in 2009 and in operation with Jeju since 2017, crashed while landing, killing nearly all 181 passengers and crew on board.
Investors will continue monitoring these key stocks as the year wraps up, with additional developments likely to shape market performance in the coming days.