May 2, 2023
Stocks are making broad moves in the premarket
Stocks are making broad moves in the premarket, with investors keeping a close eye on the latest developments in the ongoing trade war between the United States and China. The premarket is a crucial time for traders, as it allows them to get a sense of how the market will open and what direction it may take throughout the day.
One of the biggest movers in the premarket is Apple, which is up more than 2% after the company announced that it will be launching a new streaming service called Apple TV+. The service will feature original content from some of the biggest names in Hollywood, including Steven Spielberg, Oprah Winfrey, and Jennifer Aniston.
Another stock that is making waves in the premarket is Tesla, which is up more than 3% after the company announced that it will be unveiling its highly anticipated Model Y SUV on March 14th. The Model Y is expected to be a major driver of growth for the company, as it will be more affordable than the Model X and appeal to a wider audience.
Meanwhile, shares of Boeing are down more than 1% after the company announced that it will be temporarily grounding its entire fleet of 737 Max planes following two deadly crashes in less than six months. The move is a major blow to the company, which has been struggling to regain the trust of consumers and investors following the crashes.
Overall, the premarket is a mixed bag, with some stocks up and others down. However, investors are keeping a close eye on the latest developments in the trade war between the United States and China, which could have a major impact on the market in the coming days and weeks. As always, it's important for traders to stay informed and be prepared for any potential market moves.