Macy’s, Tesla and Workday rise premarket; Nvidia and AMD fall from Investing.com

Investing.com – U.S. stocks traded marginally lower on Monday, starting the week cautiously ahead of key inflation data.

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

• Macy’s (NYSE:) shares rose 3.4% after news that activist investor Barington Capital is calling on the retailer to create a real estate unit and consider options for its Bloomingdale’s and Bluemercury chains after failing to do so has built up the aforementioned investment

• Tesla (NASDAQ:) shares rose 2.3% afterward Deutsche Bank (ETR:) DBKGn highlighted the electric vehicle maker as one of its top picks for 2025 in a note on Monday, citing its leadership in autonomous driving technology and its ability to withstand industry headwinds.

• Nvidia (NASDAQ:) shares fell 2% after China launched an investigation into the chipmaker over alleged violations of the country’s antimonopoly law, a move likely seen as retaliation against Washington’s recent chip restrictions.

• Advanced micro devices (NASDAQ:) shares fell 1.5% after Bank of America downgraded its stance on the semiconductor from Buy to Neutral, citing downside risks to its 2025 outlook.

• Nokia (HE:) ADRs rose 3.6% after JPMorgan raised its stance on the telecom company to “overweight” from “neutral,” signaling increased optimism about the company’s future performance.

• working day (NASDAQ:) shares rose 8.9% and Apollo Global Management (NYSE:) shares rose 5.8%, with both companies set to join later this month.

• Interpublic Group (NYSE:) shares rose 15% after a report said marketing group Omnicom was in advanced talks to acquire the advertising company.