US stock futures slipped lower on Monday as investors began to prepare for the end of 2024, a year that has seen valuations surge. Key movers included Boeing (BA), which fell 3.4% after a devastating air accident in South Korea claimed the lives of 179 people, and Nvidia (NVDA), whose new compact computer line, Jetson Thor, is set to launch early next year.
Tesla (TSLA) stock also declined, hurt by rising US yields, while Apple (AAPL) fell 1.1% after Chinese rival Huawei cut prices on high-end devices. Coinbase (COIN) suffered losses due to declining bitcoin prices.
In a positive note, American Airlines (AAL) rose 0.2% after an upgrade from Raymond James, citing improved revenue prospects.
Investors are becoming increasingly cautious as valuations reach new highs, making it challenging to find promising stocks. One way to discover new opportunities is by examining top-performing portfolios this year. ProPicks AI offers insights into the best stocks for investors, including overlooked gems that have surged 25% or more. Could Boeing be one of them?
Source: https://www.investing.com/news/stock-market-news/boeing-apple-tesla-fall-premarket-american-airlines-rises-3791358