Market futures point to a flat day on Wall Street on Tuesday plus stocks to watch today in the Money and Markets Wall Street Wake-Up.
The Morning Open
Major U.S. market indexes are all down after Tuesday’s open.
As of 10 a.m. Eastern time, the Dow Jones Industrial Average was down 109 points, or 0.3%, to 28,593. The Nasdaq was down 0.1% while the S&P 500 was off 0.3%.
This is similar to premarket trading when all three major indexes were down, but flatter compared to Monday.
The Opening Bell
The U.S. trade deficit fell to $43.02 billion in November 2019. The deficit is the lowest it’s been in three years, according to CNBC.
In the U.S., exports increased by $1.14 billion while imports fell $2.5 billion in the month.
Stocks to Watch Today
Tesla Inc. (Nasdaq: TSLA) — Shares of the electric carmaker were up 1.7% in premarket trading to $459 a share — a new high for the company — on news it began production of its Model Y electric SUV at its Shanghai factory.
FireEye Inc. (Nasdaq: FEYE) — The cybersecurity company was up nearly 3% in Tuesday premarket trading after being upgraded to “buy” from “hold” by SunTrust Banks.
Microchip Technology Inc. (Nasdaq: MCHP) — The Arizona-based chipmaker was up more than 4% in premarket trading on news it raised its projected sales guidance and suggested growth in sales in 2020.
In the News
General Motors Co. (NYSE: GM) said it sold 3.09 million vehicles in China — its biggest overseas market — in 2019. That is a 15% drop from 2018, according to The Wall Street Journal.
It was the second straight year GM posted a drop in vehicle sales in China. Additionally, the company said it expects the downturn to continue in 2020.
GM shares were up 0.1% in premarket trading Tuesday.
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