Investing.com -- US stock futures slipped lower Monday, hit by uncertainty over the impact of President Donald Trump’s tariff policies on U.S. economic activity.
Here are some of the biggest premarket US stock movers today:
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PepsiCo (NASDAQ:PEP) stock fell 0.3% after the soft drinks giant said it would buy prebiotic soda brand Poppi for $1.95 billion, expanding in the "healthier soda" category.
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Li Auto (NASDAQ:LI) stock fell 2% after the Chinese EV manufacturer was downgraded by investment banks Nomura and Macquarie, with both firms raising concerns about the automaker’s near-term growth prospects following its latest financial results and guidance.
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Affirm (NASDAQ:AFRM) stock slumped 7% after the buy-now-pay-later provider lost its key Walmart (NYSE:WMT) contract to Klarna.
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Intel (NASDAQ:INTC) stock rose 1.6% after a report said incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and artificial intelligence strategies ahead of his return to the company.
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Netflix (NASDAQ:NFLX) stock rose 1.5% after MoffettNathanson upgraded its stance on the streaming giant to ‘buy’ from ‘neutral’, citing its ability to "better monetize its engagement" and unlock new revenue streams.
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Norwegian Cruise Line (NYSE:NCLH) stock rose 4.6% after the cruise operator took delivery of its latest ship. Its first $850 million Prima Plus-class cruise ship.
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Incyte (NASDAQ:INCY) stock fell 13% after the biopharmaceutical company announced topline results from two Phase 3 clinical trials of a drug to combat an inflammatory skin disease.