AAPL, NVDA, GS, PFE and more
Check out the companies making headlines before the bell: Goldman Sachs — The investment bank gained nearly 2% after reporting a top- and bottom-line beat in the first quarter. Goldman Sachs posted earnings of $14.12 per share, while analysts had called for $12.35, according to LSEG. Revenue of $15.06 billion also beat consensus expectations for $14.81 billion. Pfizer — Shares were down slightly in the premarket after the company said it would halt development of its daily weight loss pill. This comes after a patient experienced a liver injury possibly caused by the drug during a trial. Apple — The iPhone maker popped more than 5% Monday morning after President Donald Trump announced smartphones, among other electronics, would be exempt from reciprocal tariffs, at least temporarily . Chipmakers — Semiconductor stocks broadly rose after Trump excluded them from his reciprocal tariffs. Nvidia climbed 3%, while Advanced Micro Devices and Super Micro Computer jumped around 4% and 5%, respectively. Best Buy — The electronics retailer soared nearly 9%, making it one of the biggest S & P 500 winners Monday during premarket trading. Shares advanced on the back of the White House’s exemption of electronic goods from its reciprocal tariffs. Dell — The electronics stock rose nearly 6% after the Trump administration confirmed at least a temporary rollback of some of the tariffs on technology imports from China. Intel — The chipmaker jumped 4% after announcing it will sell its majority stake in Altera to private equity firm Silver Lake. — CNBC’s Jesse Pound contributed reporting.
