Key Points To Watch Out For:
- DoorDash shares jumped 4% after being added to the S&P 500.
- Robinhood fell 6% in premarket trading following an agreement to pay a $30 million fine.
- Nvidia and Broadcom were down more than 2% in premarket trading due the pressure on technology stocks.
DoorDash (DASH): Boost After Joining the S&P 500
DoorDash shares rose more than 4% in premarket trading after S&P Dow Jones Indices confirmed its addition to the S&P 500 on March 24.
Tesla (TSLA): Challenging Year and Premarket Decline
Tesla dropped more than 2.5% in premarket trading, extending its 35% loss in 2024. Uncertainty surrounding Elon Musk and the company’s financial performance continues to weigh on its stock price.
Robinhood (HOOD): Million-Dollar Fine Hits Share Price
Robinhood fell more than 6% before the market opened after agreeing to pay a $30 million fine to settle a FINRA investigation.
Coinbase (COIN), MicroStrategy (MSTR): Pressured by Bitcoin’s Decline
Shares of Coinbase and MicroStrategy dropped more than 5% in premarket trading, following Bitcoin’s decline toward $80,000.
Nvidia (NVDA), Broadcom (AVGO): Tech Sector Correction
Shares of Nvidia and Broadcom fell more than 2%, with Broadcom giving back part of its recent gains after earnings.
DexCom (DXCM): FDA Warning Impacts Stock
DexCom fell more than 3% in premarket trading following an FDA warning issued after inspections at its San Diego and Mesa, Arizona facilities.
Highlights of the Day’s Earnings Reports
Today, the financial report of Oracle (ORCL) is expected after market close.
The company has shown strong growth in cloud services, but investors will be closely monitoring its revenue outlook.
