US stock futures pointed mostly lower Tuesday after the S&P 500 closed above 6000 for the first time and the Dow Jones Industrial Average finished above 44,000, milestones for both indexes.
These stocks were poised to make moves Tuesday:
Tesla was down 3% in premarket trading after Elon Musk's electric-vehicle company closed Monday with a gain of 9%, continuing its rally from last week following the election of Donald Trump as U.S. president. The stock has gained nearly 40% since the Nov. 5 election. Musk, Tesla's CEO, actively campaigned for Trump, spending millions of dollars to support Trump's bid. Investors see Trump's victory as a win for the company even though Trump has been down on EVs.
Trump Media & Technology Group was down 7% in premarket trading. Shares of Trump Media, which operates the Truth Social social-media platform and which is roughly 57%-owned by President-elect Trump rose 4.7% on Monday. Trump Media shares have risen 91% this year.
Grab Holdings, the Southeast Asian ride-hailing and delivery company, rose 12% after reporting better-than-expected third-quarter profit and raised its forecast for annual revenue growth.
Live Nation Entertainment rose 6.1% after the parent company of Ticketmaster reported third-quarter earnings that beat analysts' estimates and the world's largest concert promoter said it sold 144 million tickets this year through October, an increase of 3%. The company said it was looking "toward an even bigger 2025."
Crypto stocks turned negative in premarket trading as Bitcoin dropped below $88,000. Canaan fell 5%; CleanSpark and Marathon Digital fell 4%; Riot Platforms fell 3%; Coinbase and Bitfarms fell 2%; MicroStrategy fell 1%.
Zeta Global was down 10% after the cloud software company reported a third-quarter loss of 9 cents a share while analysts were calling for a loss of 6 cents. Revenue in the period rose 42% to $268.3 million and beat analyst's expectations of $252.7 million.
Earnings reports are expected Tuesday from Home Depot, Shopify, Spotify Technology, Occidental Petroleum, Flutter Entertainment, Rocket Cos., On Holding, Tyson Foods, and Cava Group.
Analysts expect Home Depot, the No. 1 home-improvement retailer, to report third-quarter adjusted earnings of $3.65 a share and sales to rise 4.2% to $39.31 billion. Same-store sales at Home Depot are forecast to decline 3.1% from a year earlier, which would mark the eighth straight quarter of declines. Coming into Tuesday, the stock has gained 18% this year, with enthusiasm rising on the belief that the Federal Reserve's move to cut interest rates will benefit the home-improvement sector. Shares were up 0.3% in premarket trading.
Shopify slipped ahead of the e-commerce company's third-quarter earnings report.
