Intel, Constellation Energy and Trump Media rise premarket; GM and Nike fall

Investing.com -- US stock futures traded marginally higher Monday, consolidating near record highs ahead of comments from a number of Fed officials as well as key inflation data.

Here are some of the biggest premarket US stock movers today Intel (NASDAQ:INTC ) stock rose 4% after Bloomberg reported that Apollo Global Management (NYSE:APO ) has offered to make an investment of up to $5 billion in the beleaguered chipmaker. General Motors (NYSE:GM ) stock fell 2.1% after Bernstein downgraded its stance on the auto giant to “market-perform” from “outperform”, citing a risk the company will announce additional capital requirements during its October CMD. Constellation Energy (NASDAQ:CEG ) stock rose 3% after the energy company signed a power deal with Microsoft (NASDAQ:MSFT ) to help resurrect a unit of the Three Mile Island nuclear plant in Pennsylvania in what would be the first-ever restart of its kind. Nike (NYSE:NKE ) stock fell 1.4% after JPMorgan cut its earnings estimates on the sportswear giant ahead of its first quarter results, also cutting its price target to $80 from $83. Boeing (NYSE:BA ) stock rose 0.2%, bouncing after recent losses, despite Jefferies saying the ongoing strike is likely to dent the aerospace giant's plane deliveries this year, cutting its estimate to 422, down from the prior forecast of 480. Taiwan Semiconductor Manufacturing (NYSE:TSM ) stock rose 0.2% after the Wall Street Journal reported that the chipmaker, along with Samsung (KS:005930 ), is discussing building chip factories in the UAE. Trump Media & Technology Group (NASDAQ:DJT ) stock rose 0.5%, bouncing after falling to their lowest level ever on Friday, the first trading day that largest shareholder Donald Trump is free to sell his shares.

Source: Investing.com