Home Depot, Live Nation rise; Tesla, Trump Media fall

Investing.com -- US stock futures slipped lower Tuesday, handing back some of the strong gains seen in the wake of DOnald Trump’s victory in the 2024 presidential election.

Here are some of the biggest premarket US stock movers today: Tesla (NASDAQ:TSLA ) stock fell 0.8%, handing back some of the strong post-election gains after the EV manufacturer’s valuation rose above the $1 trillion level on the back of CEO Elon Musk’s support of President-elect Donald Trump. Home Depot (NYSE:HD ) stock rose 0.9% after the home improvement chain raised its annual same-store sales forecast, betting on resilient demand from professional contractors to offset weak spending on bigger projects such as kitchen renovations. Live Nation Entertainment (NYSE:LYV ) stock rose 5.2% after the entertainment giant beat estimates for third-quarter profit, helped by cost controls and the high prices of concert tickets. Trump Media & Technology Group (NASDAQ:DJT ) stock fell 4.6% on track to wipe out Monday’s gains. The media stock was largely seen as a proxy for the chances of a Trump victory, and investors seem unsure about where its future lies. VinFast Auto (NASDAQ:VFS ) stock rose 0.8% after the loss-making electric vehicle maker said it will get a fresh round of funding from its founder and its parent firm, Vingroup by 2026, when it expects to break even. Visa (NYSE:V ) stock fell 0.1% after the credit card gaint teamed up with the fintech company Affirm (NASDAQ:AFRM ), down 2.8%, to roll out a card in the U.S. that customers can use for both debit transactions and buy now, pay later purchases. Coinbase Global (NASDAQ:COIN ) stock fell 0.1%, with cryptocurrency exchange handing back recent massive gains after bitcoin, the world’s most popular digital currency gained 6% to new record levels.

Source: Investing.com