Apple, Coinbase, Yext fall premarket; GM, Eli Lilly rise

Investing.com
Updated Jun 11, 2024 13:08
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Investing.com -- U.S. stock futures slipped lower Tuesday, amid caution ahead of the start of the latest Federal Reserve meeting.


Here are some of the biggest premarket U.S. stock movers today:


Apple (NASDAQ:AAPL) stock fell 0.2% after the tech giant unveiled a long-awaited AI strategy, integrating its new "Apple Intelligence" technology across its suite of apps including Siri and bringing OpenAI's chatbot ChatGPT to its devices.


General Motors (NYSE:GM) stock rose 1.1% after the auto giant’s board has authorized a fresh $6 billion stock repurchase plan.


Tesla (NASDAQ:TSLA) stock rose 0.2% after Bloomberg reported Scottish fund manager Baillie Gifford is set to vote in favor of backing Elon Musk’s $56 billion pay package.


Eli Lilly (NYSE:LLY) stock rose 2.1% after its Alzheimer's drug donanemab received unanimous backing from an FDA panel.


Rocket Lab USA (NASDAQ:RKLB) stock gained 0.2% after the company signed terms to receive nearly $24 million in funding under the U.S. CHIPS Act to expand the production of semiconductors that power spacecraft.


Coinbase (NASDAQ:COIN) stock fell 3.8%, with the cryptocurrency exchange hit hard by the 4% fall in the price of bitcoin, the most popular digital currency.


Yext (NYSE:YEXT) stock fell 12% after the digital presence platform for multi-location brands announced its plan to acquire Hearsay Systems, a leading digital client engagement service for the financial sector, for $125 million.


 Calavo Growers   (NASDAQ:CVGW) stock rose 13% after the leading avocado industry player reported a substantial beat on both earnings and revenue for its fiscal second quarter.

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