FedEx, AT&T fall in premarket trade; Nikola rises

  • Stock Market News
FedEx, AT&T fall in premarket trade; Nikola rises
Credit: © Reuters. -- Stocks in focus in premarket trade on Monday, April 1. Please refresh for updates.

  • FedEx (NYSE: FDX ) stock fell 2% after it said it was unable to reach an agreement with UPS to provide domestic transportation services despite extensive negotiations. The current agreement is due to expire by on Sept. 29.
  • AT&T (NYSE: T ) stock was down in premarket trading after the telecom giant said that personal data from about 7.6 million current account holders and 65.4 million former customers was leaked onto the dark web.
  • Nikola (NASDAQ: NKLA ) stock was up 9% in premarket trading, set to extend gains for a record-setting ninth consecutive session.
  • Barrick Gold (NYSE: GOLD ) stock rose as gold hit fresh record highs on bets that the Federal Reserve will start cutting interest rates as soon as June.
  • Liberty Media Corp (NASDAQ: FWONA ).  (NASDAQ: LSXMA ) stock rose after it said it is buying the motorcycle racing league MotoGP World Championship from Bridgepoint and Canada Pension Plan Investment Board as part of a $3.8 billion (€3.5 billion) deal.
  • Delta Air Lines (NYSE: DAL ) stock advanced after Morgan Stanley named the Atlanta-based airline stock a top pick for 2024.
  • Micron Technology (NASDAQ: MU ) rose after Bank of America (NYSE: BAC ) raised it's price target on the stock, saying demand for high-bandwidth memory technology will grow to more than $20 billion by 2027. 
  • Other advancers: (NASDAQ: JD ), Block (NYSE: SQ ), Alibaba (NYSE: BABA ), Affirm Holdings (NASDAQ: AFRM )
  • Other decliners: MicroStrategy (NASDAQ: MSTR ), Cognizant (NASDAQ: CTSH ), Dynatrace (NYSE: DT ),Palantir (NYSE: PLTR )

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