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Benzinga
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Tesla, ON Semiconductor And Other Big Stocks Moving Lower In Monday's Pre-Market Session

1. U.S. stock futures rise, Dow Jones gains around 150 points. 2. Tesla shares decline 1.2% due to tax evasion allegations. 3. ON shares drop 2.1% to $50.20 ahead of quarterly earnings. 4. Several stocks experiencing significant pre-market declines. 5. Market reactions indicate volatility ahead of earnings reports.

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FAQ

Why Bearish?

ON's decline suggests possible investor concern due to earnings uncertainty. Similar drops occurred pre-announcement in the past.

How important is it?

Immediate pre-earnings sentiment can significantly impact stock performance. High likelihood of continued scrutiny on ON's earnings.

Why Short Term?

Effects likely linked to upcoming earnings report. Historical data shows short-term volatility leading to earnings.

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