Investing.com – U.S. stocks fell on Monday on concerns about rate cuts ahead of key inflation data and the Federal Reserve’s latest meeting this week.
Here are some of the biggest US stocks in premarket trading today:
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Apple Shares (NASDAQ:) rose 0.4% ahead of the start of the tech giant’s annual developer conference, where it is expected to show off how it will integrate artificial intelligence into its software suite, including an updated Siri voice assistant and possible connectivity with ChatGPT. owner of OpenAI.
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Moderna (NASDAQ:) shares rose 1.5% after the biotech company said its combination vaccine targeting both Covid-19 and influenza was more effective than existing individual shots in late-stage trials.
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Tesla (NASDAQ:) shares fell 0.2% after Norway’s $1.7 trillion sovereign wealth fund said it would vote against ratifying CEO Elon Musk’s $56 billion pay package, which is being put to a shareholder vote.
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GameStop Shares (NYSE:) rose 7.7%, bouncing back from Friday’s 40% drop after a big first-quarter sell-off, as volatile trading continued for the favorite meme stocks.
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Southwest Airlines (NYSE:) shares soared 9% after the Wall Street Journal reported that activist investor Elliott Investment Management had taken a nearly $2 billion stake in the airline and plans to push for changes.
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Crowdstrike (NASDAQ:), KKR (New York Stock Exchange:) and GoDaddy (NYSE:) rose sharply after the S&P Dow Jones Indices said the companies would be included in the index later this month, replacing Robert Hough (New York Stock Exchange:), America (New York Stock Exchange:) and Illumina (NASDAQ:).
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DraftKings Shares (NASDAQ:) rose 2% after Morgan Stanley named the bookmaker to its Best Stocks list, citing a positive catalyst in capital returns and reiterating its forecast.
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Broadcom Shares (NASDAQ:) rose 1.4% after Morgan Stanley renewed its coverage of the semiconductor company as “overweight,” calling it one of the strongest AI stocks.