US Stock Futures Fall Amid Post-Election Rally Fizzling
US stock futures fell Friday, and Wall Street indices are headed for a losing week as the post-election rally begins to fade.
Notable Premarket US Stock Movers
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Apple (NASDAQ:AAPL): Stock fell 0.7% after Berkshire Hathaway (NYSE:BRKa) sold 100 million shares of its stake in the iPhone maker during Q3.
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Tesla (NASDAQ:TSLA): Stock rose 0.7% following an RBC Capital price target increase, citing confidence in Tesla's autonomous vehicle strategy and advantages over legacy automakers.
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Domino’s Pizza (NYSE:DPZ): Stock soared 7.1% after Warren Buffett's company invested in the fast-food chain in Q3.
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Pool Corporation (NASDAQ:POOL): Stock climbed 5.9% after also being part of Buffett's investments in the swimming pool supplier.
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Alibaba (NYSE:BABA) ADRs: Increased by 3% on better-than-expected Q3 earnings, benefiting from growth in its cloud business.
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BioNTech (NASDAQ:BNTX), Moderna (NASDAQ:MRNA), and Novavax (NASDAQ:NVAX): Each fell more than 2% after President-elect Donald Trump chose vaccine skeptic Robert F. Kennedy Jr. for the Department of Health and Human Services.
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Applied Materials (NASDAQ:AMAT): Stock fell 8.2% after quarterly earnings missed expectations, impacted by slowing revenue from China.
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Palantir (NYSE:PLTR): Stock rose 2.7% after announcing a shift of its listing to Nasdaq from the New York Stock Exchange.
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