Stock Market Update: Boeing and Tesla Take a Hit While American Airlines Soars

Investing.com -- US stock slipped slightly lower on Monday, as a generally positive 2024 draws close to the end.

Key Premarket Movers

Here are some of the biggest premarket US stock movers today:

Boeing

Boeing (NYSE: BA) stock fell 3.4% after a devastating air accident in South Korea involving a Boeing 737-800, which tragically claimed the lives of 179 people on Sunday when a passenger plane crash-landed at Muan International Airport.

Nvidia

Nvidia (NASDAQ: NVDA) stock dropped 1.5% as the US chipmaker prepares to launch its latest generation of compact computers for humanoid robots, known as Jetson Thor, in the first half of 2025.

Tesla

Tesla (NASDAQ: TSLA) stock decreased 2.4%, impacted by higher US yields. UBS analysts anticipate the EV manufacturer will announce its Q4 2024 delivery numbers on January 2, forecasting approximately 510,000 units, reflecting a 5% year-over-year and 10% quarter-over-quarter increase.

Apple

Apple (NASDAQ: AAPL) stock fell 1.1% after its Chinese rival Huawei reduced prices on a range of high-end devices, including mobile phones, over the weekend on one of China’s leading e-commerce platforms.

Coinbase

Coinbase (NASDAQ: COIN) stock declined 2.1%, as the cryptocurrency exchange faced losses due to the downturn in Bitcoin, the world’s most popular digital currency.

American Airlines

In contrast, American Airlines (NASDAQ: AAL) stock rose 0.2% after Raymond James upgraded its stance on the carrier to "outperform" from "market perform", citing an attractive risk-reward ratio and improved revenue outlook following an early-December update.

Stay tuned for more updates on the stock market and its movements as we approach the end of the year.