Check out the companies making headlines in midday trading Tuesday.
— Shares popped 5% after Moody's upgraded Tesla to Baa3 rating from its junk-rated credit. Moody's called the electric-vehicle maker the "foremost manufacturers of battery electric vehicles" and said the upgrade reflects Tesla's prudent financial policy and management's operational track record.
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Stocks making the biggest premarket moves: Tesla, First Republic, UBS, Foot Locker and moreThese are the stocks posting the largest moves in the premarket on Tuesday.
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STOCK MARKET NEWS: First Republic on watch, Yellen vows banking support, Tesla’s China salesStocks rebounding as Treasury secretary Janet Yellen offers banking support, First Republic remains on watch, Tesla’s China sales strong, Wall Street readies for quarterly earnings from Nike and GameStop. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
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Non-Tesla EVs At Tesla Superchargers Means Working Out Cable IssuesSupercharger sites were designed for Teslas, which all have their charging ports in the aft port corner. Other EVs have charging ports all over the place.
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First Republic likely to weather second S&P downgrade within a week: ReportFirst Republic Bank is reportedly poised to face another downgrade by S&P Global Inc even after a group of 11 banks scrambled to stabilize it.
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S&P cuts First Republic deeper into junk, says $30 billion infusion may not solve problemsFirst Republic Bank saw its credit ratings downgraded deeper into junk status by S&P Global, which said the lender's recent $30 billion deposit infusion from 11 big banks may not solve its liquidity problems.
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First Republic Bank Looms Large for U.S. Regulators After Credit Suisse SaleAfter UBS agreed to purchase Credit Suisse, Treasury Secretary Janet Yellen and Fed Chair Jerome Powell sought to reassure investors in the U.S. where First Republic Bank has become U.S. officials’ main concern
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