Investing.com — U.S. stock 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:) 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:) stock rose 1.1% after the auto giant’s board has authorized a fresh $6 billion stock repurchase plan.
Tesla (NASDAQ:) 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:) stock rose 2.1% after its Alzheimer’s drug donanemab received unanimous backing from an FDA panel.
Rocket Lab USA (NASDAQ:) 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:) 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:) 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:) stock rose 13% after the leading avocado industry player reported a substantial beat on both earnings and revenue for its fiscal second quarter.