U.S. Stocks to Watch: Tesla, Jefferies, Apollo, Gilead, Estée Lauder, and More

Dow Jones03-24 18:24

Stock futures were sliding Tuesday as investors worried that the war in Iran could drag on, even though President Donald Trump said on Monday that the U.S. and Iran had started peace talks.

These stocks were making moves in premarket trading:

Tesla slid 0.1% after the electric-vehicle maker reported its first rise in monthly sales in Europe in more than a year.

Jefferies Financial Group jumped 9.2%. Japan's Sumitomo Mitsui Financial Group is working on plans to possibly acquire the investment bank, the Financial Times reported, citing people familiar with the matter. Jefferies and SMFG didn't immediately respond to requests for comment from Barron's.

Apollo Global Management slipped 2.7% after a regulatory filing showed that one of the company's private credit funds capped withdrawals at its stated 5% limit after receiving requests to redeem 11.2% of its shares.

Gilead Sciences climbed 3.2% after the company said it had agreed to acquire the privately held biotech Ouro Medicines.

Estée Lauder climbed 0.9% after the beauty and cosmetics company confirmed merger discussions with Spain's Puig Brands. Shares in Estée Lauder tumbled 7.7% on Monday after The Wall Street Journal reported the talks, citing people familiar with the matter.

Core & Main, Smithfield Foods, Concentrix, GameStop, AAR Corp., and KB Home are set to report earnings on Tuesday.

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