Pfizer, Tesla, Caterpillar, and JetBlue; Pinterest and Arista Soar by Investing.com


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Investing.com – US interest rates rose on Tuesday, ahead of the start of the US Federal Reserve’s final two-day policy meeting.

Here are some of the biggest movers of US stocks in the pre-market today:

  • Pfizer (NYSE:) stock fell 0.2% after the drugmaker reported its first quarterly loss since 2019, as it posted charges largely related to its coronavirus products, which were co-developed with… BioNTech (Nasdaq:).

  • Pinterest (NYSE:) stock rose 16% after the photo-sharing platform reported third-quarter results that beat expectations as efforts to improve monetization for its international users on its platform boosted performance.

  • Tesla (NASDAQ:) stock fell 1.5%, extending heavy losses from Monday after the electric vehicle manufacturer Panasonic’s main supplier (OTC:) said it cut production of auto batteries in the September quarter, reinforcing fears of a global slowdown in electric vehicle sales. .

  • Petroleum Marathon (NYSE:) stock rose 0.5% after the refiner beat third-quarter earnings estimates, benefiting from strong demand for fuel and refined products amid tight supplies.

  • Larva (NYSE:) stock fell 4.3% after the heavy equipment manufacturer reported a decline in its order backlog, suggesting customer demand may be waning. This was overshadowed by the rise in third-quarter profits.

  • VF Company (NYSE:) stock fell 6% after the apparel company withdrew its full-year revenue and profit forecasts, as demand for higher-priced clothing and shoes declined.

  • Arista Networks (NYSE:) stock rose 10% after the cloud networking solutions developer reported better-than-expected results last quarter, indicating that demand for its cloud and artificial intelligence offerings remains strong.

  • JetBlue (NASDAQ:) stock fell 7.1% after the low-cost airline reported a larger-than-expected third-quarter loss and provided disappointing full-year guidance.

  • Anheuser-Busch InBev (EBR:) (NYSE:) Interest rates rose 4% after the world’s largest beer company announced a $1 billion stock buyback after beating third-quarter expectations, even though the Bud Light boycott hurt US revenues.

  • baby (NYSE:) rates fell 3.1% after the energy giant missed expectations with its third-quarter earnings as strong oil trading and refining margins were offset by weak gas results.

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