U.S. Stock Futures Drop as Investors Await Labor Market Data
U.S. stock futures fell Tuesday, starting the new holiday-shortened week on a cautious note ahead of the release of key labor market data.
Premarket U.S. Stock Movers Today
- Tesla (NASDAQ:TSLA): Stock rose 0.7% after achieving its best month in China for the year so far in August, benefiting from brisk sales in smaller cities.
- Nio (NYSE:NIO): Stock rose 0.5% as the Chinese electric vehicle maker delivered over 20,000 vehicles in August, a 4% increase from last year.
- United States Steel (NYSE:X): Stock fell 5.9% after Kamala Harris suggested blocking a proposed $14.9 billion takeover by Japan’s Nippon Steel.
- Boeing (NYSE:BA): Stock fell 3.5% after Wells Fargo downgraded the planemaker to ‘underweight’, citing potential share dilution from an equity raise.
- Unity Software (NYSE:U): Stock rose 5.5% following Morgan Stanley’s upgrade to ‘overweight’ after a period of underperformance, with shares lagging behind the S&P 500 by approximately 80% over the past year.
- Intel (NASDAQ:INTC): Stock fell 1.2%, with reports that CEO Pat Gelsinger will present a strategic overhaul to streamline operations and cut costs later this month.
- Autodesk (NASDAQ:ADSK): Stock rose 0.2% after second-quarter results exceeded consensus and a recent outlook upgrade indicated business momentum.
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