US Steel, Tesla and Boeing fall premarket; Meta Platforms rises

Investing.com -- US stock futures rose Friday, adding to the previous year’s strong gains ahead of the release of key manufacturing activity data.

Here are some of the biggest premarket US stock movers today: United States Steel Corporation (NYSE:X ) stock slumped 8.2% after the Washington Post reported that President Joe Biden has decided to block the sale of the company to Japan’s Nippon Steel, ending more than a year of political sparring and debate over the takeover. Meta Platforms (NASDAQ:META ) stock rose 0.4% after the Facebook-owner elevated prominent Republican Joel Kaplan to be its chief global affairs officer, replacing Nick Clegg, in the run-up to President-elect Donald Trump's inauguration. Apple (NASDAQ:AAPL ) stock fell 0.1% after data from a government-linked research firm showed that shipments of foreign-branded smartphones into China, which include iPhones, slumped by 47.4% in November versus a year earlier. Tesla (NASDAQ:TSLA ) stock fell 0.4% after the EV manufacturer registered a decline in annual shipments from its Shanghai factory, marking the first such drop since the facility began mass production in 2020. Block (NYSE:SQ ) stock rose 2.5% after brokerage Raymond (NS:RYMD ) James raised its rating on the fintech company to "outperform" from "market perform", citing renewed confidence in the company’s growth story in 2025. Las Vegas Sands (NYSE:LVS ) stock rose 2.4% after Jefferies upgraded its stance on the company to “buy” from “hold”, citing a positive outlook on the company's prospects in the Chinese gaming resort of Macau. Boeing (NYSE:BA ) stock fell 0.6% after the Federal Aviation Administration said its tougher oversight of the aircraft manufacturer will continue indefinitely, nearly a year after a door panel missing four key bolts flew off a new Alaska Airlines 737 MAX 9 in mid-air. International Paper (NYSE:IP ) stock rose 0.9% after the US company offered concessions to the European Commission to address potential competition concerns in a bid to secure approval for its offer for DS Smith (LON:SMDS ).

Source: Investing.com