(Updated – Sept. 16, 2024 11:34 AM EDT)
Investing.com – U.S. stock futures were mixed on Monday, as traders remained cautious ahead of the Federal Reserve's latest policy meeting.
Here are some of the largest stock markets in the US today:
Pfizer (NYSE:PFE) (PFE) shares rose 1.8% after the drugmaker said its experimental drug to treat appetite and weight loss in cancer patients has shown positive results in a mid-stage trial.
Boeing BA (NYSE:BA) shares fell 1.1% after tumbling more than 3% on Friday as a strike by more than 30,000 workers continued for a fourth day on Monday, with the company and union negotiators scheduled to resume labor contract talks on Tuesday. The aircraft maker has imposed a hiring freeze to conserve cash.
Intel (NASDAQ:INTC) stock rose 4.6% after Bloomberg reported the chip maker has officially qualified for a $3.5 billion federal grant to make semiconductors for the U.S. Department of Defense.
Tesla Tesla (NASDAQ:TSLA) stock declined 0.7% despite a rise in registrations in July, driven by 5,175 deliveries of the Cybertruck, according to data from S&P Global Mobility.
Apple Apple Inc. (NASDAQ:AAPL) stock fell 2.7% after initial demand for the tech giant's iPhone 16 series waned, according to analysts at Jefferies, Citi and others.
Target (TGT) stock rose 0.3% after the retailer said it will hire about 100,000 seasonal workers, in line with hiring over the past three years, as the retailer prepares for its crucial holiday period.
Apollo Global Management (NYSE:APO) shares rose 1%, followed by asset manager and BP (NYSE:BP), gained 0.2%, after announcing a $1 billion deal to finance the British energy giant's stake in the Trans Adriatic natural gas pipeline.
Trump Media and Technology Group (DJT) shares fell 4.2%, paring a 12% gain on Friday after former President Donald Trump said he would not sell the social media company's shares when a lockup period expired. Trump survived a second assassination attempt on Sunday, just weeks before the closely watched U.S. presidential election.
Micron Technology (NASDAQ:MU) fell 4% after analysts at Morgan Stanley said the memory market is oversupplied.
Oracle (NYSE:ORCL) shares rose 5% after analysts upgraded the stock citing EPS growth.
Additional reporting by Lewis Jurisic
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