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Boeing shares were lower in the premarket session.
Scott Olson/Getty Images
Stock futures were lower on Monday, extending losses for Wall Street after Federal Reserve Chairman Jerome Powell made hawkish comments on Friday about the central bank’s fight against inflation.
futures and futures for
both were down 0.8%.
futures fell 1%.
Here are some of the stocks making notable moves in premarket trading on Monday.
Growth companies, such as US tech giants, are more vulnerable to higher interest rates. Tech stocks fell on Friday after Powell’s hawkish comments about fighting inflation. Many of the stocks were too ready to open later on Mondayinclusive
An apple
(ticker: AAPL ), which was down 1.4% in the premarket session,
Amazon.com
(AMZN), which fell 1.5%, and
Microsoft
(MSFT), which was 1.1% lower. Also,
Alphabet
(GOOGL) fell 1.2%, while
Meta platforms
(META) was 1.3% lower.
The National Aeronautics and Space Administration has scheduled a test launch of its newest rocket on Monday. The Mission Artemis I is an uncrewed exercise that will launch NASA’s rocket.
Boeing
(BA) is the biggest performer for the space agency’s Space Launch System program. Shares of
Boeing
were down 1.6% early Monday.
-related stocks traded lower on Monday after Bitcoin, the largest cryptocurrency, fell below $20,000 for the first time in over a month.
Coinbase Global
(COIN) fell 3.5%,
Marathon Digital Holdings
(MARA) was down 5.6% and
Micro strategy
( MSTR ) was 5.3% lower.
Dow Inc. ( DOW ) fell 2.4% after a KeyBanc analyst downgraded the stock to Underweight from the sector weight and wrote in a research note that “we expect [fourth quarter 2022] margins and profits to approach ‘trough’ or ‘recessionary’ levels as we move to sub-normalized estimates for 2023.”
Write to Angela Palumbo at angela.palumbo@dowjones.com