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Investing.com -- U.S. stagnated Wednesday, trading in tight ranges as investors adopted a “wait-and-see” approach ahead of the release of the key monthly inflation data later in the week.
Here are some of the biggest premarket U.S. stock movers today:
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Boeing (NYSE:) stock rose 0.3%, attempting to rebound after a drop of 9% over the last two sessions in the wake of the mid-air blow-out of a door panel on one of its 737 Max aircraft last week, even as Chief Executive Dave Calhoun admitted that it was "our mistake."
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Tesla (NASDAQ:) stock rose 0.2% after the EV manufacturer released an updated version of its Model 3 sedan in North America after it was previously launched in China and Europe.
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Coinbase (NASDAQ:) stock fell 4.4% in the wake of the sell off in bitcoin after the post on the popular social media platform X, which appeared to show that the U.S. Securities and Exchange Commission had for the first-time approved exchange traded funds, proved to be false.
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Dow (NYSE:) stock fell 0.7% after Deutsche Bank downgraded the chemicals firm to ‘hold’ from ‘buy’.
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Etsy (NASDAQ:) stock fell 1.5% after Goldman Sachs downgraded its stance on the craft supplies-focused e-commerce group to ‘neutral’ from ‘buy’, saying the current Wall Street estimates fully capture the company’s growth potential.
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Duke Energy (NYSE:) stock rose 0.4% after RBC Capital upgraded the power company to ‘outperform’ from ’sector perform’, saying it is entering 2024 in a strong position.
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Woodward (NASDAQ:) stock rose 1.2% after Goldman Sachs upgraded the aerospace manufacturer to ‘buy’ from ‘sell’, saying it is positioned favorably to benefit from the ramp-up in aerospace original equipment manufacturing.
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Home Depot (NYSE:) stock rose 0.9% after Wedbush upgraded the home improvement chain to ‘outperform’ from ‘neutral’, on expectations of strong demand in 2024.
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