Stock Market News: Tesla Deliveries Beat Expectations, Apple Cuts Production Plans, and Chinese EV Makers Surge

2023-07-03 13:36:00
(Corrects variations in index futures) PARIS, July 3 (Archyde.com) – Key stocks to watch on Monday on Wall Street, where major index futures suggest an opening down 0.29% for the Dow Jones. DJI, down 0.06% for the Standard & Poor’s 500 .SPX and up 0.17% for the Nasdaq .IXIC: * TESLA TSLA.O announced record second-quarter deliveries on Sunday, beyond the Wall Street Consensus. The course of the automaker gained 6.3% in pre-market. * APPLE AAPL.O has been forced to drastically cut production plans for its Vision Pro augmented reality headset due to design complexity, the Financial Times reported. The group lost 0.1% before the market. * MODERNA MRNA.O said on Monday it had submitted an authorization request to the European Medicines Agency for a vaccine against the XBB.1.5 variant of COVID-19. * FIDELITY NATIONAL INFORMATION SERVICES FIS.N gains 9.6% in pre-market trading after reports from the Financial Times that private equity groups are considering buying the financial conglomerate’s Worldpay payments division for $15 billion. * RIVIAN RIVN.O gains 4% in pre-market trading, the manufacturer having announced a sharp increase in its vehicle deliveries in the second quarter. * GREAT AJAX AJX.N was up 5.6% in pre-market trading as Ellington Financial EFC.N reached an agreement to take over the real estate group definitively. * Chinese electric vehicle makers announced a significant rise in car deliveries in June. XPENG XPEV.N , LI AUTO LI.O and NIO NIO.N gained between 4.3% and 6.8% in pre-market trading. * Chinese companies listed in the United States rose on the forefront, investors anticipating more support for the economy after disappointing activity data. E-commerce groups ALIBABA BABA.N, JD.COM JD.O and PINDUODUO PDD.O gained between 2.3% and 3.2%. * COHERUS BIOSCIENCES CHRS.O gains 2% in pre-market after announcing the production of a drug biosimilar to Humira, a molecule developed by ABBVIE ABBV.N, with significant success and intended to treat arthritis. * bitcoin DEPOT BTM.O soars 90% in pre-market trading ahead of its first day of trading after its merger with acquisition vehicle (SPAC) GSR ​​II Meteora Acquisition on June 30. * POLYMET MINING PLM.A – Glencore GLEN.L to make $2.11 per share buyout offer for the rest of the US mining group’s stock, which more than doubled in share price to $1.87 ahead -Sotck exchange. * ACM RESEARCH ACMR.O – The stock climbed 8.5% in pre-market trading after Jefferies raised its recommendation to “buy” after “underperforming”. (Report Corentin Chapron, edited by Kate Entringer)
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