See which businesses are grabbing the most attention in premarket trading.
Automakers: Legacy automakers faced declines due to uncertainty surrounding the recent tariff policy introduced by President Trump.
Tesla: The electric vehicle company saw its stock drop nearly 7%, extending a decline of over 40% in 2025. This downturn was attributed to supply chain challenges related to tariffs and concerns over CEO Elon Musk’s political involvement.
Big Tech: Major tech companies experienced stock declines driven by tariff-related fears. Apple fell 4%, Nvidia dropped 6%, and other giants like Alphabet, Microsoft, Amazon, and Meta also recorded losses of over 2%.
Bitcoin Stocks: Stocks associated with bitcoin struggled as the cryptocurrency fell below $77,000. Coinbase dropped around 9%, while MicroStrategy fell more than 10%. Mining companies like MARA Holdings and Riot Platforms also saw declines.
Major Banks: Bank stocks continued to decline amid recession concerns. JPMorgan Chase fell nearly 4% after CEO Jamie Dimon warned that tariffs could increase inflation. Citigroup and Morgan Stanley also lost over 4%, while Goldman Sachs dropped 5% following a downgrade.
Palantir: Shares of this defense tech company fell more than 9% after last week’s market downturn, bringing its year-to-date decline over 2%.
Chinese ADRs: U.S.-listed Chinese companies, including Alibaba and JD.com, suffered losses as investors worried about the impact of tariffs on their operations.
International ETFs: ETFs tracking international stocks also declined, with the iShares MSCI Taiwan ETF dropping over 6% and the iShares MSCI China ETF down more than 5%.
Dollar Tree: In contrast to the downtrend, Dollar Tree’s stock rose nearly 1% following an upgrade from Citi, which highlighted its potential in the current market environment.
Machinery Stocks: Major U.S. machinery companies like Caterpillar and Cummins saw their stocks fall over 4% amid tariff concerns. UBS downgraded these stocks, anticipating reduced demand due to increased prices.
Source (CNBC)
