Stock futures began the shortened week on a downward trend following the Labor Day holiday. The futures for the Dow Jones Industrial Average were down by 70 points or 0.2% after the index gained 115 points on Friday to finish at 34,837. Similarly, S&P 500 futures fell by 0.3%, while the tech-heavy Nasdaq saw a decline of 0.5%.
Potential Market Movers on Tuesday
Here are some stocks that could make significant moves on Tuesday:
Tesla (TSLA)
In premarket trading, Tesla’s stock was down 0.95% at $242.69. This drop followed the introduction of a new electric-sedan concept vehicle by German car maker Mercedes-Benz (MBG.Germany) at a motor show in Germany. The Mercedes concept is expected to have a superior range of 466 miles, based on global industry standards, surpassing Tesla’s Model 3 sedan’s range of 391 miles for its long-range version.
Nvidia (NVDA)
Nvidia, a chip maker, saw its stock drop by 1.15% to $479.70. Despite this decline, Nvidia had a strong week, climbing 5.4% to reach a record closing high of $493.55 on Thursday. In a meeting with India’s Prime Minister Narendra Modi ahead of the Group of 20 summit in Delhi on Sept. 9-10, Nvidia’s CEO Jensen Huang discussed advances in Artificial Intelligence. Modi shared this information through a tweet on the X social media platform (formerly Twitter).
Fidelity National Financial (FNF)
Shares of Fidelity National Financial increased by 8.15% to $45.37 in premarket trading. This surge was a result of a 13F filing that showed Citi had increased its stake in Fidelity National Financial by 23.2% during the first quarter of the year.
Earnings Reports and Updates
On Tuesday, earnings reports are expected from the following companies:
- Zscaler (ZS)
- GitLab (GTLB)
- Asana (ASAN)
- AeroVironment (AVAV)
Later in the week, reports are anticipated from:
- C3.ai (AI)
- GameStop (GME)
- UiPath (PATH)
- DocuSign (DOCU)
- Kroger (KR)
Leave a Reply