US stock futures slipped lower on Tuesday as investors awaited the final Federal Reserve policy meeting this year. The meeting could see policymakers signal a more cautious stance on monetary policy loosening, raising concerns about a potential slowdown in interest rates.
In premarket trading, several stocks moved significantly. Nvidia’s shares fell 1.6% after entering correction territory, while Pfizer’s stock rose 2.9% as the company reported improved 2025 profit expectations. Coinbase and MicroStrategy also saw gains of 0.8% and 0.7%, respectively, amid rising bitcoin prices.
However, not all stocks performed well. Albertsons Companies’ shares rose 1% after an upgrade from Telsey Advisory Group, while Evgo’s stock plummeted 22% following the cancellation of a $1.25 billion loan facility to build fast-charging stalls. SolarEdge’s shares jumped 13% after Goldman Sachs upgraded its stance on the solar company.
Drone company Red Cat’s shares fell 12%, while Affirm’s stock dropped 3.7% after announcing a private offering and plan to repurchase common stock. Stellantis’ shares rose 2.1% after Reuters reported that the auto giant would assign a new mass market model to an Italian plant.
The US stock market’s performance will be closely watched as investors await the Federal Reserve’s decision on monetary policy, which could have significant implications for interest rates and economic growth.
Source: https://www.investing.com/news/stock-market-news/nvidia-evgo-and-affirm-fall-premarket–pfizer-and-solaredge-rise-3776746