Firefly Aerospace
The aerospace company experienced a significant drop of over 10% following its first quarterly report since going public last month. Firefly reported a wider loss and lower revenue than analysts had anticipated for the second quarter, raising concerns among investors.
AutoZone
Shares of the automotive parts retailer fell by 2%. This decline came after AutoZone’s gross profits and earnings per share fell short of Wall Street’s expectations for the fiscal fourth quarter. Despite this, the company did report an increase in same-store sales during the same period, which may provide some reassurance to investors.
Kenvue
In a more positive turn, Kenvue’s shares bounced back by more than 4% in premarket trading. This recovery comes after a previous session where shares slid over 7%. The decline was triggered by comments from the Trump administration linking acetaminophen in Tylenol during pregnancy to autism, a claim that remains unproven.
Boeing
Boeing saw a gain of 2% after reports surfaced that U.S. Ambassador to China, David Perdue, indicated that the U.S. and China are nearing a “huge” deal concerning Boeing aircraft. This news has sparked optimism among investors regarding future contracts and collaborations.
Micron Technology
The semiconductor manufacturing company experienced a slight gain of 0.8% ahead of its earnings results, which are set to be released on Tuesday afternoon. Investors are keenly awaiting these results to gauge the company’s performance in a competitive market.
Nvidia
Nvidia’s stock edged down nearly 1%, giving back some of the gains it made in the previous session. On Monday, shares had climbed nearly 4% after the company announced a $100 billion investment into OpenAI. Under this agreement, OpenAI will develop and deploy systems utilizing Nvidia’s graphics processing units, a move that highlights the growing synergy between AI and advanced computing.
Apple
The tech giant Apple saw a dip of 0.4% just one day after its shares surged over 4% following the release of the iPhone 17. On Monday, Apple shares turned positive for the year after previously trading in negative territory due to concerns over tariffs and other macroeconomic factors.
— Reporting contributed by CNBC’s Alex Harring and Liz Napolitano.
