Moderna, AT&T Rise Premarket; United Airlines, Tesla, Exxon Mobil Fall

Investing.com

Mon, Dec 20, 2021, 3:02 AM2 min read

In this article:

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, December 20th. Please refresh for updates.

Moderna (NASDAQ:MRNA) stock rose 7.7% after the drugmaker announced that a third dose of its Covid vaccine provides significant protection against the Omicron variant. It will also continue to develop an Omicron-specific booster candidate.

Novavax (NASDAQ:NVAX) stock rose 11.6% after the EU's medicines regulator cleared its Covid-19 vaccine for use in Europe. The company expects to start deliveries to the EU in the first quarter of next year.

Exxon Mobil (NYSE:XOM) stock fell 1.8%, Marathon Oil (NYSE:MRO) stock fell 3.4% and Imperial Oil (NYSE:IMO) stock fell 1.9% after UBS announced it has excluded the "unresponsive" energy companies from its climate-aware range of funds.

United Airlines (NASDAQ:UAL) stock fell 3.1%, Delta Air Lines (NYSE:DAL) stock fell 3% and American Airlines (NASDAQ:AAL) stock fell 2.8% as worries over travel restrictions weighed on the sector. Royal Caribbean (NYSE:RCL) stock fell 3.4% and Carnival (NYSE:CUK) stock dropped 3.1%.

Tesla (NASDAQ:TSLA) stock fell 2.1%, Apple (NASDAQ:AAPL) stock dropped 1.9%, Microsoft (NASDAQ:MSFT) stock fell 1.4% and Meta Platforms (NASDAQ:FB) stock fell 1.6% as the mega-cap growth stocks extended their falls from the previous session.

AT&T (NYSE:T) stock rose 1.5% after Barclays upgraded its investment stance on the telecom giant to ‘overweight’ from ‘equal weight’, saying now is time to buy the long struggling company.

Novo Nordisk (NYSE:NVO) stock fell 4.4% after the company warned of a hit to the availability of a key obesity drug in the U.S. due to issues at a contract manufacturer.

Sunrun (NASDAQ:RUN) stock fell 8.8% after KeyBanc downgraded its stance on the solar power company to 'sector weight' from 'overweight' following proposals in California that would reduce incentives to buy the company’s products.

Moderna, AT&T Rise Premarket; United Airlines, Tesla, Exxon Mobil Fall

Wall Street Tumbles at Open as Omicron Fear, Rate Backdrop Weigh; Dow Down 600 Pts

Wall St opens lower as Omicron's spread stokes fears of tighter curbs

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Fortune•1d ago
Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing. Both Southwest and American Airlines reported first-quarter losses Thursday. CEO Robert Jordan said the airline was reacting quickly “to address our financial underperformance," including by slowing down hiring and asking employees to take time off.
Associated Press Finance•4h ago
$433 Billion Gone! One Stock Loses More Value Than Tesla
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
Investor's Business Daily•1d ago
Stocks Hit as GDP Brings ‘Worst of Both Worlds’: Markets Wrap
(Bloomberg) -- Wall Street was rattled by data that showed exactly what stock traders did not want to hear: a significant slowdown in the world’s largest economy and persistent inflation pressures.Most Read from BloombergMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesZuckerberg Asks for Patience as Meta’s AI Push Spooks MarketHow to
Bloomberg•54m ago
Southwest to Exit Four Airports as Boeing’s Problems Ripple Through Industry
Its adjusted quarterly loss was worse than expected despite record operating revenue fueled by strong travel demand.
The Wall Street Journal•3h ago
The Vanguard 500 Index Fund Is Great, But Another Vanguard ETF Has Outperformed It the Past Decade
This growth ETF has nicely outperformed the S&P 500 since its inception.
Motley Fool•5h ago
Here Are My Top 5 Dividend Kings to Buy Right Now
Dividend Kings are hard to come by, but these five stocks offer investors some great passive income opportunities.
Motley Fool•2h ago
Stock market today: US stocks tumble after Meta's reality check, soft GDP print
Meta's AI reality check has dented hopes for a Big Tech revival for stocks, with a GDP update showing the US economy grew slower than expected in the first quarter.
Yahoo Finance•1h ago
China's Temu Takes Over 17% Of US Market Share, Cutting Jobs From American Amazon And Decimating Small Businesses
With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
Benzinga•18h ago
One Member of Congress Is Going Against the Grain and Selling This Skyrocketing Stock-Split Stock
One of Capitol Hill's most-active stock traders is sending a company with well-defined competitive advantages -- that also happens to be on the verge of its first-ever stock split -- to the chopping block.
Motley Fool•6h ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Moderna, AT&T Rise Premarket; United Airlines, Tesla, Exxon Mobil Fall

Recommended Stories

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000

Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well

$433 Billion Gone! One Stock Loses More Value Than Tesla

Stocks Hit as GDP Brings ‘Worst of Both Worlds’: Markets Wrap

Southwest to Exit Four Airports as Boeing’s Problems Ripple Through Industry

The Vanguard 500 Index Fund Is Great, But Another Vanguard ETF Has Outperformed It the Past Decade

Here Are My Top 5 Dividend Kings to Buy Right Now

Stock market today: US stocks tumble after Meta's reality check, soft GDP print

China's Temu Takes Over 17% Of US Market Share, Cutting Jobs From American Amazon And Decimating Small Businesses

One Member of Congress Is Going Against the Grain and Selling This Skyrocketing Stock-Split Stock