Apple, Tesla, Sofi Technologies fall premarket; Bloomin Brands rises

Investing.com — U.S. traded lower Wednesday, with investors consolidating ahead of the release of the minutes from the December Federal Reserve meeting.

Here are some of the biggest premarket U.S. stock movers today:

• Apple (NASDAQ:) stock fell 0.5% after data from research group Counterpoint indicated that the tech giant’s iPhone saw its share of the worldwide smartphone market fall in November.

• Tesla (NASDAQ:) stock fell 1.7% after the electric car manufacturer’s sales in China surged by 68.7% on a yearly basis last month, new data from the China Passenger Car Association showed on Wednesday, with the U.S. carmaker facing intense competition in the world’s largest auto market.

• Bloomin Brands (NASDAQ:) stock rose 2.6% after the restaurant holding company added two new members to its board, in accordance with an agreement it had reached with activist investor Starboard Value.

• Walt Disney (NYSE:) stock rose 0.4% after the entertainment giant said investment firm ValueAct Capital will advise it on strategy and support its director nominees at the 2024 annual shareholder meeting.

• SoFi Technologies (NASDAQ:) stock fell 7.3% after Keefe, Bruyette & Woods downgraded its rating on the online personal finance company to ‘underperform’ from ‘market perform’, citing its recent outperformance.

• Coinbase (NASDAQ:) stock fell 6.4%, with the cryptocurrency exchange suffering as bitcoin, the world’s favorite digital currency, retreated sharply.

• Verizon Communications (NYSE:) stock rose 1.2% after KeyBanc upgraded its stance on the telecoms giant to ‘overweight’ from ‘sector weight’, seeing the potential for it to outshine the sector.

• Agios Pharma (NASDAQ:) stock soared 20% after the biotech announced positive results from a Phase 3 trial of a treatment for a rare blood disorder.

• AIG (NYSE:) stock fell 0.2% after Reuters reported that the company was the lead insurer on a $130 million “all-risks” policy for the Japan Airlines airplane which collided with another plane at Tokyo’s Haneda airport.