Stock Market

In this article

In this photo illustration, the Tesla, Inc. logo is displayed on a smartphone screen. 
Rafael Henrique | Lightrocket | Getty Images

Check out the companies making headlines in premarket trading.

Tesla — Tesla shares popped nearly 7% after the electric vehicle company posted second-quarter delivery and production numbers that topped Wall Street’s expectations. Deliveries rose 83% year over year.

Electric vehicle stocks — Electric vehicle stocks rose broadly after Tesla posted strong-than-expected production and delivery numbers for the second quarter. U.S.-listed shares of Nio and Xpeng jumped about 5% and 7.8% in the premarket. Rivian added 3.2%, while Fisker and Lucid gained more than 2% each.

Apple — The iPhone maker’s stock dipped 0.4% following a report that Apple plans to scale back Vision Pro headset production. Apple shares closed above a $3 trillion market cap on Friday.

AstraZeneca — Shares of the drugmaker fell 5.7% in premarket trading after AstraZeneca announced preliminary results for a phase three trial of a lung cancer treatment. While the drug compared well to a competitor on one endpoint, the data for overall survival was “not mature” and pointed toward to the results being not statistically significant, AstraZeneca said in a press release. The trial will continue, according to the company.

United Airlines — The airline stock traded marginally higher before the bell even after the carrier bared the brunt of the flight delays occurring nationwide over the holiday weekend.

Chinese internet stocks — Shares of China-based technology stocks gained before the bell, lifting the KraneShares CSO China Internet ETF. Alibaba, Pinduoduo and JD.com shares gained 1.9%, 3.2% and 3.1%, respectively. The gains came amid news that Treasury Secretary Janet Yellen is planning to meet with senior Chinese officials in Beijing later this week.

Energy stocks — Energy stocks gained in premarket trading, lifted by a rise in oil prices after top exporters cut supply for August. Halliburton and ConocoPhillips added about 1% each. Chevron, Devon Energy and Occidental Petroleum also moved higher.

— CNBC’s Jesse Pound contributed reporting

Articles You May Like

Mortgage demand stalls as financial markets digest Trump presidency
Biden administration pledges to keep IIJA funds flowing in final months
America Inc and its new CEO
Trump chooses Musk and Ramaswamy to lead government efficiency effort
Elon Musk’s mission to reinvent American government