Tesla and Macy's rise premarket; Coinbase and Nio fall

Source Investing
Jul 5, 2024 11:40

Investing.com -- U.S. stock futures traded marginally higher Friday, with traders warily awaiting the key nonfarm payrolls release for clues of future Federal Reserve action.

Here are some of the biggest premarket U.S. stock movers today:

  • Tesla (NASDAQ:TSLA) stock rose 1.8% with several state-owned firms in China's financial hub of Shanghai having recently purchased the EV manufacturer's best-selling Model Y as service cars, following a local media report saying Tesla cars had been made eligible for a Chinese local government purchase list.

  • Macy’s (NYSE:M) stock rose 6.8% after the Wall Street Journal reported that Arkhouse Management and Brigade Capital Management have raised their bid to buy the department store chain for about $6.9 billion.

  • Coinbase (NASDAQ:COIN) stock fell 4.6%, with the cryptocurrency exchange suffering after Bitcoin, the world's most popular digital currency, fell to its lowest point since February.

  • Nio (NYSE:NIO) ADRs fell 2.3% after the Chinese EV maker announced that chief financial officer Steven Feng has resigned, citing personal reasons, to be succeeded by insider Stanley Yu Qu.

  • Shell (LON:SHEL) ADRs rose 1.1% despite the oil major announcing that it will take an impairment charge of up to $2 billion after the sale of its Singapore refinery and pausing of construction of one of Europe's biggest biofuel plants.

  • Amazon (NASDAQ:AMZN) stock 0.3% after the European Commission requested more information on the measures the U.S. e-commerce giant has taken to comply with its Digital Services Act obligations.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Copper Long-term forecast: Will Copper Price Expected To Soar In 2023?The price of copper is affected by various of factors. You may wonder how the price of cooper will be in 2023, check out our forecast analysis.
Author  Mitrade
The price of copper is affected by various of factors. You may wonder how the price of cooper will be in 2023, check out our forecast analysis.
placeholder
Bitcoin CME gaps at $35,000, $27,000 and $21,000, which one gets filled first?Prioritize filling the $27,000 gap and even try higher.
Author  FXStreet
Prioritize filling the $27,000 gap and even try higher.
placeholder
Understanding the first crypto market crash of 2024 and what to expect nextThe 365-day MVRV ratio suggests that this crash may be just the beginning. If the ETF is rejected before the second quarter of 2024, it could trigger a sharp correction.
Author  FXStreet
The 365-day MVRV ratio suggests that this crash may be just the beginning. If the ETF is rejected before the second quarter of 2024, it could trigger a sharp correction.
placeholder
Japanese Yen stands tall near one-month top against USD on hawkish BoJ talksThe Japanese Yen (JPY) rallied to the highest level since early February against its American counterpart on Friday amid bets for an imminent shift in the Bank of Japan's (BoJ) policy stance.
Author  FXStreet
The Japanese Yen (JPY) rallied to the highest level since early February against its American counterpart on Friday amid bets for an imminent shift in the Bank of Japan's (BoJ) policy stance.
placeholder
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Author  FXStreet
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
goTop
quote