Tesla, Spirit Airlines and CVS Health rise premarket; Nvidia falls

  • November 18, 2024

-- US stock futures traded in a mixed fashion Monday, with traders awaiting more corporate earnings as well as speeches from a number of Fed officials.

Here are some of the biggest premarket US stock movers today:

  • Tesla (NASDAQ: TSLA ) stock surged 5.9% following reports from Bloomberg that the incoming Trump administration will establish a federal framework for fully self-driving vehicles and make it a top priority for the Department of Transportation.

  • Nvidia (NASDAQ: NVDA ) stock fell 3.4% amid doubts over the strength of sales of its new Blackwell chips, ahead of the chipmaker’s quarterly earnings on Wednesday.

  • Spirit Airlines (NYSE: SAVE ) stock rose 2.8% after the budget carrier filed for bankruptcy protection after years of mounting losses, stating that it has reached a prearranged deal with its bondholders to help it through the bankruptcy, which it expects to exit in the first quarter of next year.

  • Ford (NYSE: F ) stock rose 0.3% despite the US auto safety regulator stating it had initiated a recall query into about 112,567 of the auto giant’s SUVs over an issue with seat belt retractors.

  • CVS Health (NYSE: CVS ) stock rose 1.9% after the pharmacy chain said it would add four new members to its board in an agreement with Glenview Capital Management, including the hedge fund's chief executive Larry Robbins.

  • Super Micro Computer (NASDAQ: SMCI ) stock rose over 10% as investors awaited a planned filing that would allow the server maker to avoid being delisted

  • Astera Labs (NASDAQ: ALAB ) stock rose 3% after Citi initiated coverage of the semiconductor stock with a ‘buy’ rating, saying the shares provide artificial intelligence investors with a unique opportunity.

  • Syndax Pharmaceuticals (NASDAQ: SNDX ) stock rose 6% after the FDA approved its Revuforj drug for the treatment of certain leukemia patients.