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A trader works on the floor of the New York Stock Exchange.
Michael Nagle/Bloomberg
Stock futures were trading lower Monday after China cut interest rates following data that showed the world’s second-largest economy slowed in July.
S&P 500
futures were down 0.4% and
Dow Jones Industrial Average
futures fell 0.5%. Futures for the tech-heavy
Nasdaq Composite
were 0.2% lower.
These are some of the stocks making moves in premarket trading Monday.
American depository receipts of
Li Auto
(ticker: LI) fell 6.3% after the Chinese electric-vehicle company guided for lower third-quarter deliveries than analysts expected. ADRs of fellow Chinese electric-vehicle makers also fell with
NIO
(
NIO
) down 1.8% and
XPeng
declining 3.7%.
Moderna
’s
(MRNA) bivalent Covid vaccine booster for adults aged 18 and older was authorized by a U.K. regulator. The stock fell 0.2%.
Illinois Tool Works
(ITW) was 2.2% lower after Deutsche Bank lowered its rating on the industrial products and equipment manufacturer to Sell from Hold.
Peloton Interactive
was down 2.5% in premarket trading Monday after jumping 13.6% on Friday. The at-home fitness company said last week it was cutting nearly 800 jobs as part of a strategic overhaul.
Walmart
(WMT),
…
..
