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Stocks - U.S. Steel Slumps, Spotify, Tesla Rise Premarket

Stock MarketsOct 01, 2019 08:49AM ET
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Investing.com - Stocks in focus in premarket trading on Tuesday:

US Steel (SA:USSX34) slumped 5.6% after saying it will buy Arkansas-based Big River Steel for up to $2.3 billion by 2023. It's paying $700 million for an initial 49.9% stake and has an option on the rest.

• Comcast (NASDAQ:CMCSA) stock was in focus after its video ads unit FreeWheel accused Google (NASDAQ:GOOGL) of limiting it from selling client ads on YouTube.

• Spotify (NYSE:SPOT) stock jumped 1.7% after Evercore upgraded the music streaming company from underperform to in-line, citing a 30% share pullback since August.

Nike (NYSE:NKE) stock gained 0.4% on news that it has accused Skechers of directing employees to copy competitor designs. The two shoe companies have been fighting in court for years.

• Minerva Neurosciences (NASDAQ:NERV) stock slumped 27.4% after it disclosed a delay in issuing its schizophrenia drug results.

•Tesla (NASDAQ:TSLA) inched up 0.4% ahead of an update on third-quarter deliveries

•Tesla (NASDAQ:TSLA) inched up 0.4% ahead of an update on third-quarter deliveries

Stocks - U.S. Steel Slumps, Spotify, Tesla Rise Premarket
 

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Hank Williams
Hank Williams Oct 01, 2019 10:53AM ET
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Steel should be booming. The Fed will have to subsidize it now that we won't be buying Chinese steel.
 
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