Mid-Day Movers: Rise of Intel, Pfizer; The apple falls

(Updated – September 16, 2024 11:34 AM EDT)

Investing.com — U.S. stock futures were mixed on Monday, with traders cautious ahead of the latest Federal Reserve policy-making meeting.

Here are some of the biggest US stock movers today:

Pfizer (NYSE:PFE) ( PFE ) stock rose 1.8% after the drugmaker said its experimental drug to fight a condition that causes cancer patients to reduce their appetite and lose weight showed positive results in a mid-stage trial.

Boeing (NYSE:BA) stock fell 1.1%, after falling more than 3% on Friday, as a strike by more than 30,000 workers extended into its fourth day on Monday, with companies and union negotiators due to resume talks on a labor contract on Tuesday. The aircraft maker has imposed a hiring freeze to conserve cash.

Intel (NASDAQ:INTC) stock rose 4.6% after Bloomberg reported that the chipmaker officially qualified for $3.5 billion in federal grants to make semiconductors for the U.S. Department of Defense.

Tesla Cybertruck ( NASDAQ:TSLA ) stock fell 0.7% despite a July registration increase driven by 5,175 deliveries, according to S&P Global Mobility data.

apple (NASDAQ:AAPL) stock fell 2.7% after weak initial demand for the tech giant's iPhone 16 series, according to analysts at Jefferies, Citi and others.

the target ( TGT ) stock rose 0.3% after the retailer said it will hire about 100,000 seasonal employees, in line with what it has hired over the past three years, as the retailer prepares for its all-important holiday period.

Apollo Global Management (NYSE:APO) stock rose 1% after the asset manager and Bp (NYSE:BP), up 0.2%, announced a $1 billion deal for the British energy giant's stake in the Trans Adriatic natural gas pipeline.

Trump Media and Technology Group (DJT) stock fell 4.2%, close to Friday's 12% gain, after former President Donald Trump said he would not sell shares of the social media company once the lockup expires. Trump survived an apparent second assassination attempt on Sunday, weeks before the closely watched US presidential election.

Micron Technology (NASDAQ:MU) fell 4% after analysts at Morgan Stanley said the memory market appears to be oversupplied.

the oracle (NYSE:ORCL) rose 5% after analysts upgraded the stock citing the EPS increase.

Additional reporting by Louis Juricic

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