© Reuters
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Thursday, December 29th. Please refresh for updates.
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Southwest Airlines (NYSE:) stock rose 0.1%, rebounding after sharp losses although the low-cost carrier continues to scrap flights, drawing the wrath of U.S. Transportation Secretary Pete Buttigieg who stated the thousands of canceled flights indicated a system failure at the company.
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Tesla (NASDAQ:) stock rose 4.5% after falls of nearly 70% this year, with CEO Elon Musk telling employees that they should not be “bothered by stock market craziness.”
- Apple (NASDAQ:) stock rose 1%, bouncing after falling to its lowest since June 2021 as U.S. Treasury yields fall.
- Cal-Maine Foods (NASDAQ:) stock fell 4.5% after the nation’s largest egg producer reported a sharp rise in egg prices following a rise in feed costs.
- Taiwan Semiconductor Manufacturing (NYSE:) stock rose 1.1% after the chipmaker began mass production of its most advanced chips in southern Taiwan.
- ImmunoGen (NASDAQ:) stock fell 2.7% after the biotech announced Chief Financial Officer Susan Altschuller would not be returning to the company after taking a leave of absence.
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