Stocks move in premarket trading as Aon, energy shares, PG&E and GameStop react to company news
Stocks move on Aon’s $17B USI deal, energy gains, and market-moving updates See the key movers, analyst calls, and headlines driving premarket action today
Aon fell in premarket trading after saying it will buy USI Insurance Services from KKR in a $17 billion deal. The company said the acquisition is intended to strengthen its position in the U.S. middlemarket insurance business.
Energy stocks moved higher after U.S. oil prices rose more than 3% following new exchanges of strikes between the U.S. and Iran in the Middle East. Chevron, Halliburton, Valero Energy, Occidental Petroleum and Exxon Mobil all traded higher before the market opened.
PG&E dropped sharply after California lawmakers blocked a proposal that would have limited wildfirerelated claims against utilities. Several analysts responded with downgrades. Pinterest also fell after announcing its CFO will leave at the end of October, while GameStop rose after reporting preliminary secondquarter results that pointed to higher operating and net income. Deere gained after Baird upgraded the stock.